By Carrie CourtilletMar 21, 2023
Here are some program feature updates that could save YOU money!
The FHA Mortgage Insurance Premium has decreased by 0.30% which means, if you use FHA financing for your next home, you will get a lower monthly payment than you would have previously!
VA Funding Fee
The Funding Fee for VA loans is being reduced! This will allow veterans and active-duty military to get into their next home with less money up front!
Rate Drop Pledge
Our Rate Drop Pledge has been extended to April 30th, 2023! This means if you purchase your next home with us and your closing date is before April 30th, we will reimburse your appraisal fee, and eliminate the lender fee, when you refinance in the next 5 years! This will allow you to take advantage of the benefits of the current market, including, limited competition, opportunities for seller credits, and buying with contingencies. Then be able to refinance for less to get a lower rate & payment when rates drop!
These blogs are for informational purposes only. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Should you have any questions about the information provided, please contact us.