Berkley & Veller Real Estate Blog
Low Interest Mortgage Bonanza
If you’re on the fence about buying a house, mortgage interest rates can’t be one of your excuses for not buying. The national average for a 30 year fixed-rate mortgage is currently at 4.24%. For houses needing lots of work, there’s the 203K loan and its mini version for smaller projects, the Streamline (K).
If you're a one person household considering a real estate purchase in Brattleboro, VT or Dover, VT and earning under $34,600, there is a Rural Development Direct Home Ownership Program which has a mortgage loan limit of $200,200 and an interest rate of 4% for a 33 year term. This program offers many additional benefits for those with income and down-payment limitations.
Please call our office for further details and contact information on these exciting home financing opportunities available in southeastern Vermont or southwestern New Hampshire. There is no better time to buy a house; prices are inviting, interest rates are incredibly low and there is a noteworthy selection of fine homes in any price range.
Ingrid Bennett remembers when double digit interest rates were the norm!