The bond market is down today and it was also down yesterday, but interest rates are excellent. You can get an interest rate of 4.75% on FHA and Conventional loans depending on your credit score and the size of the loan.
It’s possible to go as low as 4.5% on an FHA purchase over $180,000 with little or no origination fee.
Keep in mind if a loan amount is under $80,000 or so, interest rates will be around 5%.
Tour our Open Houses this weekend. Who knows, you just might find that dream home you've been looking for!
One advantage to working with a DeHOFF REALTOR is you gain the benefit of their experience and knowledge as to the standard real estate negotiating and transaction practices in your area.
Friday, April 17, 2009
Wednesday, April 8, 2009
Owning a home is still the American Dream and today’s market puts it well within reach for many people. The market has certainly been challenging, but the fact remains it’s an ideal opportunity for buyers. Prices have moderated, interest rates are at 50-year lows, there are more homes on the market than in the past 15 years, and for first time buyers there’s the First Time Home Buyers Credit of up to $8,000.
The Ohio Housing Finance Agency (OHFA) launched a new Homebuyer Tax Credit Advanatage Program (effective March 30) that allows qualified buyers to receive help with down payment and closing costs. Low-to-moderate-income Ohioans can use this program to receive a loan for up to 3 percent of the purchase price of a home. Doug Garver, executive director of OHFA said, “We are helping buyers take advantage of the new federal First-Time Homebuyer Tax Credit by offering what they need for down payment up front, making it easier for them to get their dream home.”
To learn more about the programs offered by OHFA contact a DeHOFF REALTOR® today!
The Ohio Housing Finance Agency (OHFA) launched a new Homebuyer Tax Credit Advanatage Program (effective March 30) that allows qualified buyers to receive help with down payment and closing costs. Low-to-moderate-income Ohioans can use this program to receive a loan for up to 3 percent of the purchase price of a home. Doug Garver, executive director of OHFA said, “We are helping buyers take advantage of the new federal First-Time Homebuyer Tax Credit by offering what they need for down payment up front, making it easier for them to get their dream home.”
To learn more about the programs offered by OHFA contact a DeHOFF REALTOR® today!
Friday, April 3, 2009
It’s A Great Time to Buy!
Buyers – take advantage of historic low interest rates, discounted prices and an ample array of homes available in every price range!
SELLERS – being realistic in your pricing expectations will allow you to enjoy the considerable savings found on the buying side of the equation!
The key is that housing is an investment in the future….strengthens communities…and provides both equity accumulation and tax benefits over time.
Buyers – take advantage of historic low interest rates, discounted prices and an ample array of homes available in every price range!
SELLERS – being realistic in your pricing expectations will allow you to enjoy the considerable savings found on the buying side of the equation!
The key is that housing is an investment in the future….strengthens communities…and provides both equity accumulation and tax benefits over time.
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