Now is the time to apply!!

A big shout-out to Brad Denton/Prime Lending and all the sponsors for the entertaining and informative class today! The mortgage industry is changing daily and there are incentives for contracting now; i.e., the First-Time Home Buyer Tax Credit, the Current Homeowner Tax Credit & the fact that, starting next month, FHA will begin risk-based mortage insurance pricing. Larger downpayments & higher credit scores will translate into lower premiums. This means for you as a buyer, procuring an FHA loan, your total walk-in will be approximately 4% of the purchase price, up from the current figure of 3.5%. As always, call me for additional information!