Local Lenders are Feeling Good!
March 19th, 2008 categories: Garden Valley Buyers, Garden Valley Real Estate
Today we met with one of our favorite lenders. Nathan Smith with Pro Mortgage Group is very busy writing new loans. Nathan reports that business is picking up in Boise. Pending sales figures are up while new listings are leveling off. If this trend continues it could mean a shift towards a sellers market. Pro Mortgage Group has some really good products to offer buyers. Interest rates are fluctuating within a range of 5.50% to 6.25%. Nathan reported that Freddie Mac is predicting interest rates to average 5.50% for 2008. First and second home loans are still enjoying products with 80% or 90% loan-to-value. Stated Income packages are available, but are driven by credit scores. IHFA has some great products that are not solely limited to lower income and first time home buyers. This is a great time to buy. Loans are readily available and some sellers are still negotiable. Jump on the bandwagon.
Step One: Call Nathan to get qualified today - 1-208-947-5555
Step Two: Contact me. Let me find you a home.
