Whether you're looking to buy your first home or refinance, today's market may provide many opportunities. Find out about programs from Amerifund Lending Group that can help eligible customers achieve home financing goals. When the banks say NO, we have access to over 90 lenders that enable us to say, YES!
A bit of history often helps us to appreciate the present.
For example, anyone who was buying a home or refinancing a mortgage in 2001 saw interest rates that were slightly above 8 percent. That fact certainly puts today's historically low rates into perspective.
Today's first-time buyers have an additional opportunity that their 2001 counterparts never saw, thanks to a new California Tax Credit buyers can receive a reduction or elimination of state taxes over a three-year period. There are no income limitations and buyers must reside in the home for at least two years.
You might also be able to take advantage of yet another opportunity - that is, if you happen to be house shopping in a metropolitan area that's known for its relatively high housing prices. Homebuyers in these federally designated markets may be eligible to borrow up to $729,500 without paying the typical higher interest rates normally charged on these higher loan amounts.
Qualified first-time buyers can obtain a mortgage that's backed by the Federal Housing Administration (FHA) with as little as 3.5 percent down. FHA loans may also permit the use of gift funds for down payment and closing costs.
Veterans and active-duty military buyers can get a Veterans Administration (VA) loan that's secured by the Department of Veterans Affairs, which can be obtained with no down payment.
We also provide refinancing options for borrowers who currently have FHA and VA mortgages.
To determine your eligibility for these and many other programs, contact a local home mortgage specialist. We'll be glad to help you find home financing that meets your needs.
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