My lender is offering a special for the month of March. She will buy down your interest rate for the first 2 years so your loan will be at 2.25% Here’s how it works and it is a great way to buy something now and make it affordable while your income grows. After the two years it finalizes with no increases at a fixed rate of 4.25% for the life of the loan. She is paying this out of her pocket, taking the hit to increase her productivity through March.
Taxes and Insurance depending on the price of a home ususally run about $100 to $200 a month so when added to the payment on the purchase price above, your total PITI (principal, interest, taxes and insurance) will be $653 to $753 a month. This offer is available on FHA loans, most common loan for buyers wanting to put the least cash down.
If you are considering a home in Boise, Nampa, Meridian or any nearby location in the Treasure Valley, with prices on the rise,(in case you haven’t seen what’s been happening in our market), now is truly the time to buy, and this deal just makes it that much sweeter. This is a real and fair offer from my lender with no gimmicks. However, bad timing that she is on a fishing trip in through Sunday the 4th, but we can reel her in her next week (pun intended).
Please call or email me and I will connect you with her. If all looks good, we can go shopping!!!
To calculate a payment at 2.25% for a purchase mortgage…..use this calculator
- Price of Home ($)
- Down Payment (%)
- Mortgage Term (Y)
- Interest Rate (%)
- Monthly Payment ($)
click here if you would like me to call you to learn more
to get in touch with Amy, my lender