The new decade started with more promising news for future home buyers. The historically low mortgage rate fell to a three-month low.
Freddie Mac reports that today’s rate is also 81 basis points under what it was at this point a year ago. Both favorable rates and the nation’s strong labor market may propel the real estate market forward this year.
If you and your family are ready to enter the market, an FHA loan or a VA loan can fuel your dreams of homeownership.
The FHA loan is ideal for many, even first-time buyers. The program’s flexible borrowing guidelines, including a low down payment requirement, make homeownership more accessible to more people.
The VA loan program brings unmatched benefits to the table. Borrowers can take advantage of 100 percent financing and lenient borrowing requirements under the program. Plus, they’ll have no mortgage insurance to worry about.
If you’re ready to jump into today’s market, we are here for you. Wherever you are looking in the Seattle/Renton/Tacoma areas, our local and experienced loan officers can guide you and introduce you to powerful programs designed to get you into a home on your terms.