Now, the FHA is offering special Wellington Neighborhood single family home financing with as little as 3.5% down, 30 year fixed rate at 5.5% . Which means $12,600* can get you into a new home with a monthly payment of approx. $2300*.
In addition, for homes purchased and closed by year end, the federal government is offering an $8,000 first-time home buyer tax credit. And, local governments are providing down payment assistance programs.
Between the historic low interest rates and government programs, there has never been a better time to buy a new home. And, when the economy starts to recover, interest rates will jump and a once in a lifetime opportunity will be gone. Don’t miss out!
For more information call or text courtney 970.418.4900
*payments are approximate & rates are subject to change.
The Associated Press reports that the Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it will slow the pace of an emergency rescue program as the economy appears to be “leveling out.”
The central bank also held a key bank lending rate at a record low of 0.25% and again pledged to keep it there for “ an extended period” to nurture an anticipated recovery, but as reported by Bankrate.com .. 30 year fixed rate mortgage rates inched up for the third week in a row …
The 30 year, fixed rate mortgage edged up to 5.67% from 5.65%…still a great rate and lower then last years 6.74%. The 15 year, fixed rate is holding steady at 4.93%
Don’t wait… these low rates will not last forever. If you are thinking about buying a home … now is the time! Take this opportunity to do something for yourself this year .. lock in the best interest rate and your favorite floor plan for the future.
Call or Text Courtney for more information 970.418.4900 or visit us at www.poplarhouse.com
The window to take advantage of the $8,000 first time homebuyer credit & today’s low interest rates expires on December 1st . Many buyers, especially first-time buyers, seem hesitant to enter the market, but financially capable buyers who understand the true local market conditions and extraordinary government incentives will and have capitalized on the unique opportunities available today.
NOW is the perfect time to buy….
Here is how it works. You must close on a home before the November 30th deadline. Homebuyers who get a loan backed by the Federal Housing Administration can use the money to cover closing costs and other fees. But it’s only with an FHA loan that buyers can use the tax credit for closing costs…
Home buyers also have some flexibility in claiming the credit on their tax returns. They can choose to claim the credit for 2009 or file an amended 2008 return to receive the credit this year.
For more information call or text Courtney at 970.418.4900
The first Hawthorne on the new Leap Frog Green is being framed now! Secure the home you want now and choose your favorite finishes, some exciting new upgrades and maybe even a garage! Call or text me for more information 970.418.4900 or visit our website www.poplarhouse.com
