Buying and Selling a Home
Reaching for the American dream of homeownership is an exciting time. Even if you have little money saved to purchase your first home, you still have options. Selling your current home and buying a new home is a process with a lot of moving parts. Let our expert mortgage advisors assist you to ensure the financing of your new home is a stress free process. Your personal mortgage advisor will guide you through the process of utilizing the equity in your current home as a down payment for your new home.
Benefits of Moving to a New Home
- Upsizing to accommodate a larger family may alleviate turf wars in your home.
- Downsizing to simplify your life or to make retirement more affordable.
- Could be less costly than a major renovation for those added amenities you have always dreamed of having.
- Relocating closer to your employment may save time and money on your commute.
Most Popular Loan Options
Conventional Loan
- As little as 3% down payment with excellent credit.
- Fixed rate.
USDA Rural Housing Loan
- No money down.
- The seller, your relatives or your friends may pay your closing costs.
FHA Loan
- Only 3.5% down payment.
- The seller or your relatives may pay your closing costs.
- No income thresholds.
VA Loan
- No money down.
- No monthly mortgage insurance (PMI).
- Available to eligible Veterans and active military members.
Adjustable Rate Loan
- Lower initial payment is great for home buyers planning on selling and moving after 3 to 7 years.
For more information about moving to a new home, give Finofi a call at (717) 249-7500. Our expert mortgage advisors are ready to answer your questions and would love to work with you!
