Michelle Nantz's Blog » VA Loans

Mortgage Interest Rates from Peoples Bank

Michelle Nantz — Thu, 09 Jul 2009 16:34:02 +0000

Today’s Interest Rates Provided By Peoples Bank in Denver, NC

Michelle Nantz — Mon, 22 Jun 2009 17:25:02 +0000

CONVENTIONAL <= $417,000

30 Year Fixed Rate 5.375%

JUMBO >$417,000

30 Year Fixed JUMBO 6.25%

GOVERNMENT LOAN PROGRAMS

FHA 30 Year Fixed 5.375%

VA 30 Year Fixed 5.375%

USDA 30 Year Fixed 5.50%

Need a Great Lender, Try Suzanne!

Suzanne Blackwell

Mortgage Loan Originator

Peoples Bank

6125 Hwy. 16 South

Denver, NC 28037

PH: 704-483-3050

FAX: 704-483-7550

CELL: 704-746-5676

First Time Home Buyers Tax Credit – Upfront Loan Information

Michelle Nantz — Sun, 21 Jun 2009 21:19:31 +0000

RISMEDIA, June 11, 2009-First-time home buyers who would otherwise qualify for the $8,000 tax credit, but don’t have the money for a down payment or closing fees, may now be able to get a loan to help cover those upfront costs.

The U.S. Department of Housing and Urban Development (HUD) announced on May 29 that the Federal Housing Administration (FHA) will allow state housing finance agencies to provide second mortgages “monetizing” the tax credit so that borrowers can use the funds toward their down payments and closing costs for the purchase of homes with FHA-insured mortgage loans.

“This is great news for thousands of families who want to take advantage of today’s low interest rates, competitive prices, great selection and the federal tax credit that is only available until Nov. 30, but could not save enough money for a down payment and closing costs,” said National Association of Home Builders Chairman Joe Robson, a home builder from Tulsa, Okla.

HUD also announced that FHA-approved lenders may purchase the tax credit from the home buyer in advance, so that the home buyer can use the funds for closing costs or to make a down payment in addition to the 3.5% minimum. Home buyers who go directly to FHA-approved lenders will still need to come up with the 3.5% minimum down payment that is required for an FHA-insured loan.

Home buyers previously would be able to use the funds from the tax credit only after filing their federal tax returns and had to come up with the pre-purchase costs on their own.

NAHB estimates that 40,000 more homes will be purchased due to the new FHA monetization program, in addition to the 160,000 sales already expected as a result of the tax credit.

The National Council of State Housing Agencies has a list of states offering first time home buyer tax credit loan programs on their website, www.ncsha.org.

Interest Rates Today Per Peoples Bank in Denver, NC

Michelle Nantz — Wed, 17 Jun 2009 17:36:42 +0000

3 Cherry Way - A New 55 and over Community Coming to Denver, NC!

If you were waiting for the bottom, I think we are there!

30 Year Fixed - 5.25%

30 Year Fixed JUMBO – 6.125%

GOVERNMENT LOAN PROGRAMS

FHA 30 Year Fixed - 5.25%

VA 30 Year Fixed – 5.375%

USDA 30 Year Fixed – 5.375%

Today’s Interest Rates From Peoples Bank in Denver, NC

Michelle Nantz — Thu, 04 Jun 2009 02:07:37 +0000

Mortgage Interest Rates are rising a smidge, but home pricing is still very low! Don’t miss an opportunity before it gets away from you!

Wellesbourne Lane off Island Pointe Road in Sherrils Ford - Waterfront at $900,000

30 Year Fixed Under $417,000 – 5.125%

30 Year Fixed Above $417,000 – 6%

FHA 30 Year Fixed – 5.25%

VA 30 Year Fixed – 5.375%

USDA 30 Year Fixed – 5.5%

Please note that USDA Financing can be used in ALL OF LINCOLN COUNTY! USDA offers 100% financing, which is hard to come by these days!

Special Thanks to Suzanne Blackwell for her Weekly Updates!