Are you thinking about buying a new home? Don Worthington, with Primary Residential Mortgage, says the current housing market is creating some great opportunities for home buyers.
· Facts about Primary Residential Mortgage, Inc:
o Mortgage Banker
o Last year Funded over 4 billion dollars
o Top 10 FHA lenders in the country.
o Located right here in Salt Lake City.
o We’ve been in business over 10 years
· The current housing market is creating great opportunities for home buyers:
o Buyers market
o Number of homes on the market
o Utah market as compared to the rest of the country.
· What are some of those opportunities?
o Low down payments
o You don’t have to have perfect credit.
· Traditional underwriting where the score is just a small part of the equation
o First time home buyer programs
o Great rates.
· What if someone is looking for the absolute best deal?
o FHA Renovation loan
o Perfect for buying homes in poor condition.
o Distressed poor condition homes can be purchased at a deeper discounted price because of current condition.
· Sellers or individuals are currently hesitant to put money into fixing up homes- instead are just discounting the price.
o Our FHA Renovation You can buy a house and get up to $35,000 to fix it up how you would like
o People are buying foreclosures or older homes fixing them up and walking away with equity.
o Stabilizing neighborhoods.
o Allows people keep money in their pocket and not spend it on repairs.
o Many upgrades are more energy efficient.
For more information on home loans and other mortgage banking service, visit www.primaryresidentialmortgage.com