Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.
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With a small down payment, check both FHA and conventional mortgage options! |
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This was a great tip that Oguz Sengul (Wells Fargo Home Mortgage) shared with me yesterday....  As shown above, sometimes even with a lower rate (4.000% via the FHA loan program), sometimes you will have better financing terms with a higher rate (4.125% as a conventional loan). You need to be checking both the interest rate as well as the payment. Higher up front fees and higher monthly mortgage insurance costs can make the FHA loan program less affordable than a conventional loan if you have at least a 5% down payment. Disclaimer from Wells Fargo: Interest rates displayed above require that you pay 1% of your loan amount toward the loan origination charge. | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Harrisonburg Townhouses
Harrisonburg New Homes
Heritage Estates
The Glen at Cross Keys
Cottages @ Stone Spring
Liberty Square
Founders Way
Harrisonburg Foreclosures
Bank Owned Properties
Potential Short Sales
Lease/Purchase Options
Owner Financing
Property Transfers
