Are you planning to purchase a home in the near future? There are many different financing options available – some you may not have considered or even heard of before. Taking time to research different loan options and getting pre-qualified for a mortgage will best position you to move quickly (very important in a seller’s market) once you find your dream home.

Below, Brenda Alfano of Absolute Mortgage shares some interesting facts for home buyers. You are also invited to attend Brenda’s free one hour seminar on buying or selling a home. Some of the topics covered include Real Estate and Mortgage Market Prediction, Qualifying for Financing, and Appraisal & Property Condition.

WHEN & WHERE
Tuesday, September 9 @ 7 pm
Absolute Mortgage
115 2nd Ave N, Suite 200
Edmonds, WA 98020

Please call Brenda at 425-330-2039 to reserve your spot, seating is limited. Each attendee will receive a $30 gift certificate from Edmonds Hardware & Paint to be used toward picture framing.

Hello! Brenda Alfano, Mortgage Consultant, dropping in to give you some news of the industry for first time buyers and even 2nd time buyers. Many people think they will never be able to buy because they don’t have 20% down. Not sure where this myth started but it is simply not true! There are mortgages that allow for only 3.5% down – some even have 100% financing depending on where the property is located and the income of the buyers.

WSHFC (Washington State Housing and Finance Commission) has a down payment assistance program that, if a borrower qualifies, will lend 4% of the loan amount, zero percent interest, payable in 30 years or until the home sells or loan is refinanced or transferred. You do not need to be a first time buyer either! It is for the purchase of your primary and only residence.

Another possibility for down payment is the NHF Grant. This is Grant money so no 2nd mortgage involved, free funds for those who qualify. Qualification is quite generous and you do not need to be a first time buyer with this program.

Next time I will talk about the different 1st mortgage loan options available that do not require a 20% down payment. Till then!

Brenda Alfano
NMLS# 229897
Absolute Mortgage
425-330-2039