TODAY’S RATES & HOUSING NEWS
Interest rates remained stable to slightly lower on the week of Thanksgiving.
Below is the Green Home Loans rate sheet today.
There are a lot of characteristics that go into a mortgage rate – credit score, investor, loan to value, loan amount, costs, etc. Please call me to go over your specific scenario so we can price your loan out accurately.
And below are Mortgage News Daily’s average interest rates across the country.
FREE $5,250 GRANT WHEN PURCHASING A HOME
Purchase Plus is a Fannie Mae Program designed to assist residents living in certain areas to purchase a home.
Unlike many programs, the program is based on where a client is living today not where they are buying.
To be eligible, a client must live in certain tracts designated in the below areas across the country.
|Eligible Metropolitan Areas||States|
|Atlanta, Sandy Springs, Roswell||Georgia (GA)|
|Baltimore, Columbia, Towson||Maryland (MD)|
|Brownsville, Harlingen||Texas (TX)|
|Chicago, Naperville, Elgin||Illinois (IL)Indiana (IN)Wisconsin (WI)|
|Cleveland, Elyria||Ohio (OH)|
|Dallas, Fort Worth, Arlington||Texas (TX)|
|Detroit, Warren, Dearborn||Michigan (MI)|
|Houston, The Woodlands, Sugar Land||Texas (TX)|
|McAllen, Edinburg, Mission||Texas (TX)|
|Memphis||Tennessee (TN)Mississippi (MS)Arkansas (AK)|
|Miami, Fort Lauderdale, Pompano Beach||Florida (FL)|
|New York, Newark, Jersey City||New York (NY)New Jersey (NJ)Pennsylvania (PA)|
|Oklahoma City||Oklahoma (OK)|
|Orlando, Kissimmee, Sanford||Florida (FL)|
|Philadelphia, Camden, Wilmington||Pennsylvania (PA)New Jersey (NJ)Delaware (DE)Maryland (MD)|
|Phoenix, Mesa, Chandler||Arizona (AZ)|
|Riverside, San Bernadino, Ontario||California (CA)|
|San Antonio, New Braunfels||Texas (TX)|
|St. Louis||Missouri (MO)Illinois (IL)|
|Tampa, St. Petersburg, Clearwater||Florida (FL)|
|Washington, Arlington, Alexandria||Washington, DCVirginia (VA)Maryland (MD)West Virginia (WV)|
If you or your clients live in these areas, please contact me and I can check to see if the address is in an eligible tract for Purchase Plus.
Purchase plus details include:
Free $5,250 Non Repayable Grant Towards Down Payment
Reduced Mortgage Insurance
Must Be a First Time Home Buyer
No Max Income
Client has to live in certain eligible tracts – it does not matter where they are buying.
We can look up if client’s current residence is eligible.