RISMEDIA, June 29, 2012–Mortgage interest rates are the lowest they have been in decades, and homes are more affordable than ever, yet many interested home buyers still struggle with the ability to secure a loan. In order to help more people take advantage of today’s record lows, HUNT Mortgage has introduced the “Home In 3” program. With the increased regulations impacting the mortgage industry today, it is more important than ever to offer real solutions to help people buy the home they have always wanted. “Home In 3” is designed to do just that.
In essence, “Home In 3” is a reduced-cost, low-down-payment alternative to FHA that will provide additional opportunities to make the dream of homeownership a reality. HUNT Mortgage created this program in partnership with one of their Mortgage Insurance providers, MGIC, as a response to rising FHA mortgage costs.
What makes it “Home In 3”? Three things: a reduced minimum down payment of 3%, up to 3% in allowable seller concessions, and a $300 discount off closing costs from HUNT Mortgage. Depending on credit score, some buyers may receive a waiver from the usual underwriting requirement that their down payment must be documented as their own funds and instead, eligible borrowers will be able to use gift funds as their source of down payment. Borrowers who qualify to take advantage of all of the special features of “Home In 3” may be able to save up to $8,000 in out of pocket cash.*
“One of the greatest barriers to home ownership is accumulating sufficient cash for the down payment and all of the other associated costs,” says Linda Mallia, President of HUNT Mortgage. “By bringing this new product to the market and adding our own closing costs discount, we at HUNT Mortgage believe we can help more of our customers achieve the American Dream,” Mallia continues.
HUNT Mortgage specializes in finding the best loan products available in the market, and combines them with “Knock Your Socks Off” service. Special discounts with a variety of home related vendors are also available to all HUNT Mortgage customers who close on their loan.
For more information on “Home In 3” or to find out if you qualify, call 1-888-433-8373 to speak to a HUNT Mortgage Consultant. For more information about HUNT Real Estate ERA, or to find properties for sale or a professional agent to help you buy or sell, visit www.huntrealestate.com or call 800-688-1170.
* Savings over a traditional 5% down mortgage product, based on an average $150,000 loan amount. Certain restrictions apply to the “Home In 3” program, and a variety of factors are considered when determining eligibility.
5400 Broadway Street, Lancaster, NY 14086 (716) 633-3700. HUNT Mortgage is an Equal Housing Lender, and is a Licensed Mortgage Banker with the NYS Department of Financial Services NMLS #37406, a Licensed Mortgage Lender with the State of Arizona #0910422, and a Licensed Mortgage Lender with the State of Florida #MLD368.
This communication is provided to you for informational purposes only and should not be relied upon by you. The rates, terms, and products described are subject to change and entirely dependent on your particular characteristics. You should contact a HUNT Mortgage licensed Mortgage Consultant directly to learn more about HUNT Mortgage products, your eligibility for such products and to formally submit a loan application.
About HUNT Mortgage
HUNT Real Estate Corporation is the parent company of HUNT Mortgage, and also owns HUNT Real Estate ERA, the largest family-owned and operated real estate company in the area. A leader in the residential real estate industry with over 100 years of experience, HUNT also operates a commercial brokerage as HUNT Commercial Real Estate, two insurance agencies – HUNT-Vanner Associates and HUNT Insurance Agency, a title agency – Network Title Agency of New York, an award-winning Relocation division, a residential building company and a fee-for-service brokerage. For more information about HUNT’s full suite of homeownership services visit www.huntrealestate.com or Fan them on Facebook at www.facebook.com/huntrealestate.com.