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Great incentive: 5% financing with 3% Downpayment
Posted by Mike Parsons
October 07, 2008 at 08:26 PM
Hey folks! If you are a first time home buyer, chances are you are using FHA financing. Wells Fargo has come out with a new program that buys down your market interest rate 1% for the first year. This buy down or temporary interest rate reduction doesn't cost the buyer any money. If the current interest rate is 6%, your first year interest rate will be 5% and change to 6% fixed for the next 29 years. This is a great bonus compared to anything else I have seen out there currently. If you have any questions you can email me or contact Dave Dikeman with Wells Fargo at 614-310-1126 to learn more.
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