New Home Financing Section


Finding the right new home financing is nearly as important as finding your dream home. The more you know about the many different financing options, the loan process and the available interest rates, the better. Loan terms, interest rates and financing costs add up to thousands of dollars, shop around and ask a new home mortgage professional to help you find a loan that meets your needs. Below are current mortgage rates from some of the nation’s top lenders. Click Learn More to start the pre-qualification process.

The borrowing process for a house is often overwhelming. In most cases, there are several loan options available and deciding “which loan is best” can be a difficult task. There are several online resources that will allow you to compare mortgage rates instantly. This can be extremely helpful in reducing your time spent looking for a mortgage . You can also find a lending professional who will help you discover the best lending options and can guide you through the mortgage process until you move-in, making your new home buying experience less stressful and more manageable.

Often, home builders will offer new home incentives that include special lending rates. These incentives can end up saving you thousands of dollars over the life of the loan and are typically as valuable, if not more valuable, than a price discount. Make sure you apply for your loan before starting your new home search so you know how much house you can afford. It makes the buying process a lot smoother.

New Home Financing: Lenders & Rates

Rates at Lender411.com

Bank of America

Wells Fargo Home Mortgage

Ditech

GMAC Mortgage

Chase Mortgage

 


Home Loan and Housing Resources

9 Types of Home Mortgage Loans – Choosing which mortgage loan is right for you is difficult for any home buyer. Here is an article that will explain the nine different type of mortgage loans you will have to choose from as a home buyer.

Freddie Mac – One of America’s largest buyers of home mortgages Fannie Mae – Provides funds to mortgage bankers, brokers and other primary mortgage market partners for lending. Hud.gov – U.S. Department of Housing and Urban Development FHA – Federal Housing Administration

Finance Articles & Information

H&R Block Sub-Prime Liabilities – H&R Block has set aside $198 million in reserves in preparation for future kick backs due to faulty or misrepresentations in the underwriting. H&R Block in unsure about the exact amount that they may need to hold in its reserves to protect their interests…

Understanding Your Credit Report – As anyone who has ever applied for a line of credit knows, in order to purchase a car, house, boat, or even applying for a credit card, means that lenders must know how likely you are to repay the line of credit you are applying for…

How Much Home Can I Afford – Researching and purchasing a new home is time consuming, nerve racking and exciting. The entire process can take more than a year and is often one of the biggest events in life…

Tax Benefits to Home Ownership – If you’re thinking about buying a new home, you may be surprised to know that the government has implemented several incentives and tax benefits for doing so…

5 Tips to Keep Your Credit Clean – The increase in interest rates and decrease in available loans has made it more difficult to qualify for a mortgage than it has been in the past. The type of credit needed for real estate mortgage financing differs from credit needed for consumer loans…

Pending Relief for the Mortgage Setback – With foreclosures at an all time high, what is being done to render the situation? The government is proposing several new changes that will help release some of the pressures that many American homeowners and lenders are facing…

The Demise of the 100% Financing – 100% financing is quickly becoming a thing of the past. A year ago, anyone with a credit score over 620 and a little bit of money in the bank could qualify for new home financing. That is not the case any longer.

$8,000 Tax Credit for Home Buyers – The $8,000 tax credit for first-time home buyers should entice some first-time home buyers to “jump-in” and buy a home, but it may prove to do little in increasing overall demand as first-time home buyers represent a small percentage of the entire market. Only time will tell if the tax credit is effective…