If you’re been thinking that NOW is a great time to purchase your first home you’re correct. Prices are low and the selection is huge! You may also be wondering if you can qualify for a loan, and there’s so much conflicting information out there it’s hard to know who to believe. Here at the Mannila Besaw Group we are committed to educating our customers about what options are available, as it is an ever-changing finance climate. We post our blog articles on Tuesdays and Thursdays to keep you informed on the latest.
The first product we’d like to highlight is the USDA rogram, which will go UP TO 103% depending on the appraised value of the home. The great thing about this loan is that there’s no down payment required, no monthly mortgage insurance, and there’s no maximum on seller concessions.This is HUGE if you’ve only taken a look at conventional programs. One of the most appealing elements is that there is NO MINIMUM CREDIT SCORE, and no payment reserves required. The program also allows for gift funds (up to 100% from disinterested 3rd party!). Our team has partnered with several loan officers who offer this program, and we also have hard money lenders available for investors or for special situations.We would love to sit down and talk with you about what YOU need in the finance area, and then begin the process of finding the perfect home or investment property for you.