Good Monday Morning!
There is some really good news on the mortgage front. 100% home financing is back. A new home loan program is now available for those buyers qualifying for FHA financing in the Eugene and Springfield market areas. This new home financing option is called the OMT 100 loan. It consists of a 96.5% first loan and a 3.5% second loan. The interest rate is at whatever the going FHA rate is at the time of the loan application. All homes that would qualify for FHA finacing will qualify for this loan program.
Another twist to this loan is the fact that in many cases, the home seller can contribute towards the buyers closing costs and create a situation where the buyers bring little or no money to the table for the home purchase. This loan program will make homes affordable to many who were stuck because they could not come up with the money needed for a down payment.
Reemember, mortgage loan interest rates are still bouncing around at historic low levels. This is not going to last forever, so if you have been left out of the ability to purchase a home because of not having enough money for the down payment, this is your opportunity to jump in and take advantage of the current attractive home purchase environment.
Call me or e-mail me for information on the OMT 100 mortgage loan program.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
2097 LAKE WIND DR
Serene and Stylish! Enjoy the beautiful, gated subdivision of Lake Shore Estates. Contemporary styling, slate tile, Shaw flooring, Hunter Douglas blinds, cherry cabinets, high ceilings, recessed lights, Great Room layout. Two level home functions as...