Why Buy a Home Now?

Because of our military veteran's service, they've earned the right to take out a VA Home Loan.  With roughly $15,000 in cash, a Veteran could buy a $450,000 home with $10,000 a year taxes and $1,500 annual home insurance.  Not bad right?

Even if you are not a Veteran, you have amazing options.

#1 -  Mortgage loans are still historically cheap.  Right with good credit, they're about 4% for a 30 year fixed loan.  If you are in a 33% tax bracket - which most of us are - the effective mortgage rate drops under 3%.

#2 - The 203(K) Renovation Loan finances big ticket home improvements (kitchen, baths additions etc.) The FHA 203(k) Renovation Loan allows us to borrow the purchase price of the home minus your down payment, plus money for renovations. And a single loan and closing.


#3 - The FHA loan is the easiest loan to qualify for. It offers super low down payments or 95% financing. Also, low closing costs and much easier standards for credit qualifying. It's ideal for first time home buyers. It is also "assumable" meaning, you can transfer it when you sell the home to the buyer. The buyer get the same great rate that you were paying. Imagine how marketable that home will be when rates climb higher in the future.