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Can Home Buyers Afford to Buy New Homes?

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

modular-home-factory

I would have said NO WAY, but I have seen the light!

Recently, a close friend and builder took a road trip to Pennsylvania to a modular home factory. It was amazing to see homes being built the way cars are built on an assembly line. NO worries about rain or snow. Because the construction happens in ideal conditions, and there is a large volume of construction, building costs are dramatically lower.

During our meeting with the factory managers, they were blown away when I shared the ability to secure new home financing through FHAVAUSDA, or Conventional construction to permanent mortgages. They told us they aren’t aware of a better collaboration between client, builder and lender than what we have, and they have been doing modular homes since 1984!

We are currently in a real estate market where higher interest rates are the norm. That is not going to change anytime soon.

It is time for all of us to get more creative.

Stop being priced out of the home buying market. 

Communicate with me to see what is possible, there’s a good chance you will be surprised.

 

Originally posted on RightTracFG.com

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (2)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Joe.... no doubt that it's a stretch for many home buyers today but there are also options that help mitigate the pain.

Oct 26, 2022 05:01 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Boy it is a struggle, but somehow we continue to sell. Glad I am not starting over. Thank you for the Blog, I enjoyed it.   We'll have a great Wednesday, it is HUMP DAY, so we are halfway thru the week.  Enjoy your day and sell a house. Bill 

Oct 26, 2022 07:19 AM