Thursday, February 21, 2013

Are you Looking for a Home or Land to Purchase in Central Heart of McClain County?

Homes and Land for Sale in the Washington and Purcell, Oklahoma Area

Interest rates are incredibly low for qualified buyers to get into their first home, or moving up to a larger home.  Even sizing down... it's a great time to buy!

USDA loans are available in McClain county which allows buyers to get a mortgage with zero money down.  (What a wonderful loan program!  And it's not available in all counties).

FHA loans require a 3.5% investment from the buyers, but... this money can come as a "gift" from a relative.  On April 1st, 2013... the FHA loans are going to cost a buyer more to get the same loan... on the same house.  So, why are you waiting?!!!!  Qualified buyers need to call or email today for a list of homes available in Purcell, Goldsby, Washington, Wayne or surrounding areas.

VA loans can get veterans into homes with zero money down, but of course, you must be military.

Conventional loans are usually 10% to 20% down, and don't carry the mortgage insurance premium that other home loans do.

And, if your looking to land to build your home on?.... there lots, tracts and acreages available.  A land purchase generally needs a 20% down investment, as well as your good credit.  A small, 1 to 2 acre tracts are generally going to have building restrictions as to size and type of home you build.  These restrictions are called Covenants and Restrictions... some times referred to as C&Rs.  Tracts that have no restrictions can have mobile homes, metal buildings, barns, etc.

If you need more details on any of these purchases, please call me.  I have dozens of lenders that specialize in different types of loan for each individual home and individual buyer.  What everyone must have is a good credit score and credit history to buy homes or land. 

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