This may be one of the best times in recent history for first time home buyers to step up and make a residential investment. New programming from Fannie Mae & Freddie Mac have created a very lucrative time for those who qualify for new mortgage opportunities.
Karol Siwietz is a Mortgage Loan Originator with LaPorte Savings Bank – Chesterton. Her office at 851 Indian Boundary Road in Chesterton has been showcasing the new program which has become very competitive with rural housing and VA type loans. In fact, she says that low down payment programs like the Fannie 97% My Community Program and the Freddie 97% Advantage Program have surpassed even popular government loan programs offered by the Federal Housing Authority (FHA).
Siwietz says more housing programs are available to “First Time Home Buyers” than ever before. With real estate values finally stabilizing, mortgage interest rates continue to be favorable and new mortgage programs are available to a wide demographic of individuals. Add it all up and there is no better time than now to purchase a new home.
