1.5% Mortgage Start Rate
2.5% Second Year
3.5% Years 3-30
A local lender just announced a mortgage program that starts with a 1.5% interest rate in the first year.
The second year, the rate bumps to 2.5%. The third year, the rate bumps to 3.5% and stays there for the remaining 27 years.
This is ideal for a buyer who is in a career path that will increase their increase their income over the next three years, and who wants to buy a home that is affordable at the third year.
Call Erick at 703-677-1120 to find out how you can qualify for this home loan program.
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