Did you know interest rates have gone down in the last year?
interest rates have dropped in the last year from 5% to 4% in the last year according to recent news reports. This is good news for home buyers. Today, interest rates are at historic loans again. 203K Rehab loans are available for people who want to renovate at the time of purchase. This can even include things like new appliances. There are 0% down payment FHA programs available to credit worthy borrowers. A credit score of 640 or better will allow home buyers with debt to income ratios up to 55% buy a home with 3.5% down. Even people with credit scores as low as 530 may qualify. Low interest rates will continue to benefit all types of today's home buyers....while they last!