Wichita Homes for Sale-VA Loan Rates Unbelievably Low!
As a real estate agent in Wichita, I am constantly trying to find ways for Wichita renters to become Buyers. It's no secret that interest rates on mortgage home loans are currently at record lows, in fact I spoke to my favorite lender today (Aaron with Met Life Home Loans) and he tells me that if you have a credit score of 720 and put 10% down, you can get a mortgage loan rate of 4.625%! That is a fantastic rate if you are wanting to buy a Wichita home for sale in this current market. If you have good credit and currently have a home to sell with some equity in it, you should really consider selling your current home and upgrading. Here is another idea, if you need the 10% for the downpayment-you can use your money in your 401k for a downpayment on a primary residence and not pay a penalty. So, you would be basically investing part of your 401k in your home-real estate-a proven investment over time-especially in Wichita, KS.
What I have found with Buyers looking for Wichita homes for sale is that they don't have money for a downpayment and maybe not so perfect credit so without 10% down those great rates don't effect them, right?
Well, VA loans have always been a great mortgage loan product and right now if you can use your VA eligibility to buy a home in Wichita you can get a fantastic rate. VA loans don't require a downpayment, so you don't need a downpayment and you can get a rate of 4.5% for a 15 year loan term or 5% for a 30 year loan term! Also keep in mind you don't have to have a 720 credit score.
Wichita is proud to be the home of McConnell Air Force Base. I am proud of our fighting men and women who bravely defend our liberties. I would be honored to assist our Veterans in buying a Wichita home for sale using a VA loan! There are excellent deals to be had in the Wichita, KS home market and Buyers can find great deals. If you would like more information on buying a home in Wichita, or VA loans just contact me! Click to contact Laurie Huhman.