I had two very long conversations with potential real estate buyers this week and the major topics of concern for them both was that "there are no mortgages out there, it is too hard to get a home loan, and I dont have 20% cash to put down." I continue to hear this from many folks in the industry and in the general public.
The truth is that there IS money available and you CAN get financing on a home right now. Some of the awesome loan programs available for real estate buyers in the Wilmington, NC area are:
100% USDA loans
100% VA loans
97% FHA loans
95% Conventional loans
80% Jumbo ARMS
Take the availablity of the programs above and pair that with the fact that interest rates are still at all time record lows, there is a $7500 tax credit for first time home buyers, down payments can be gifted, seller paid closing costs are okay, and even 10 day closings are available!
NOW is the time to buy real estate in Southeastern North Carolina. These types of programs wont be available forever so position yourself to sease an opportunity to create financial wealth and independence today!
"Don't be too timid and squeamish about your actions. All life is an experiment. The more experiments you make the better." -Ralph Waldo Emerson