Thursday, July 29, 2010
3.5% Mortgage Program
WEST VIRGINIA....
It's an unprecedented time in West Virginia to buy a house. A new mortgage program announced today offers an unheard of 3.5 percent rate -- in addition to no down-payment. Owning a home is still one of the most sought-after American dreams. And members of the West Virginia Housing Authority are throwing in a key tool to make that happen: a 30-year fixed rate loan at a 3.5 percent rate. No down-payment required and loan help available for closing costs. "I don't think that anyone that's active in the industry now has ever seen or heard of the rates being below 4-percent. And this 3-point-5 is truly extraordinary not only for our area, but I believe the lowest fixed rate in the country," says J.D. Stricklen with the West Virginia Association of Homebuilders. Those who qualify could see their monthly mortgage payments match their rent payment, or be even less. Applications will be taken on a first-come, first-served basis to the first 280 families. You can find out more about the program by contacting your Realtor, builder, lending institution or the West Virginia Housing Development Fund.
It's an unprecedented time in West Virginia to buy a house. A new mortgage program announced today offers an unheard of 3.5 percent rate -- in addition to no down-payment. Owning a home is still one of the most sought-after American dreams. And members of the West Virginia Housing Authority are throwing in a key tool to make that happen: a 30-year fixed rate loan at a 3.5 percent rate. No down-payment required and loan help available for closing costs. "I don't think that anyone that's active in the industry now has ever seen or heard of the rates being below 4-percent. And this 3-point-5 is truly extraordinary not only for our area, but I believe the lowest fixed rate in the country," says J.D. Stricklen with the West Virginia Association of Homebuilders. Those who qualify could see their monthly mortgage payments match their rent payment, or be even less. Applications will be taken on a first-come, first-served basis to the first 280 families. You can find out more about the program by contacting your Realtor, builder, lending institution or the West Virginia Housing Development Fund.
# posted by Homer Owens @ 1:15 AM 
