The Federal Housing Authority clearly wants the average family to buy a home. The FHA has developed attractive programs that require less stringent credit guidelines and allow for down-payments as low as 3.5%. With interest rates as they presently are, this is a great opportunity for renters to become buyers. Right now renters find themselves at a huge disadvantage to homeowners when it comes to making monthly payments. According to recent studies in metropolitan areas, rents have substantially out-paced home purchase prices in the third quarter of 2014 and will likely continue through 2015. Today the average renter pays 30% of their income toward rent whereas average home buyers pay 15% of their income toward mortgage payments.
Many would-be first-time home buyers are filled with doubts about their ability to qualify, to come up with a down payment and to purchase the right home at the right price. That’s where we come in. We’re not just here for the most qualified of buyers. We’re here for everyone.
We have a solution for most every issue!
If you’re having problems scraping together a down payment, we’ll show you options that may give you an opportunity to come up with less right now without incurring risks down the road. We can even show you financially smart ways to afford a bigger home right now than you might have thought possible. FHA Loans offer competitive payments and easy qualifying.
It can all start right now!
It all begins by speaking with a Meadowbrook licensed mortgage professional. This is someone with thorough knowledge of the financial programs and with the ability to present you with a host of options. Just take a moment to fill out the quick form on the right and we’ll take it from there.
Congratulations, and welcome to the Meadowbrook family.