The opportunities for exceptional ROI are simply unbeatable during this unprecedented period of low rates and high affordability - Todd Pigott, President of Zinc Financial
Clovis, CA (PRWEB) October 11, 2012
Zinc Financial, a premier private money lender for rehab investors flipping homes in California, Nevada, and Arizona, reports that current trends in the US housing market have aligned to create ideal investment conditions for house flippers. A combination of historically low interest rates, an all-time high affordability index, and a slowly stabilizing housing market are creating opportunities for house flippers to invest in rehab homes with record return on investment.
The private money lenders at Zinc Financial analyze changes in the housing market and economy regularly to provide investors with valuable insight into the most lucrative investment opportunities. According to the company, indicators that have combined to create a perfect storm for rehab housing investment include the following:
Historically low interest rates. According to the Federal Housing Finance Agency, interest rates for a 30 year fixed mortgage were at 3.36% for the week ending October 4, 2012. Rates for a 15 year fixed mortgage were at 2.69% in the same week. These remarkably low rates are allowing homeowners to refinance and creating better opportunities for new homebuyers to join the market. With more people able to buy homes, house flippers have better odds of quickly reselling the homes that they refurbish at a considerable ROI.
New Federal Reserve stimulus program. The Federal Reserve recently announced that it will begin buying billions of dollars-worth of mortgage-backed securities in the hope of driving mortgage rates even lower and stimulating the job market.
An improving housing market. The Department of Housing and Urban Development has reported that while growth in the national housing market is slow, progress is being made. The second quarter of 2012 showed a 3% increase in home sales over the first quarter of 2012 and a 17% increase over the same quarter last year. Trends indicate that most housing markets across the US have passed their bottoming out points and are on the rise. As housing prices continue to increase, more buyers will be anxious to reenter the market and purchase new homes while prices are still affordable.
Unmatched affordability. The Department of Housing and Urban Development also reported that the National Association of Realtors' housing affordability index is at an all-time high. According to the NAR, a family that earns a median level income has 205.4% of the income that they need to purchase a median priced single-family home, according to standard funding guidelines.
"The stars are aligning for house flippers," Todd Pigott, President of Zinc Financial commented. "These signs of recovery and growth in the housing market are wonderful news for the nation at large as well as investors who are interested in home rehab." Pigott also noted that house flipping is also beneficial to the housing market, as house flipping improves the value not just of the homes that are flipped but also helps improve the value of the given neighborhood.
"Many of our current investors are reporting profits in excess of $100,000 on homes that they are flipping in a matter of months or even weeks. The opportunities for exceptional ROI are simply unbeatable during this unprecedented period of low rates and high affordability."
Zinc Financial offers investors rehab loans with which to purchase and remodel homes with the purpose of reselling those homes at a quick and significant profit. The company works with new investors as well as established house flippers who are interested in purchasing properties in the California, Nevada, and Arizona housing markets. Investors frequently partner with Zinc Financial as the company is able to offer greater speed and flexibility than traditional lenders as well as incomparable private money loan programs.
ABOUT ZINC FINANCIAL: Zinc Financial is one of the premier private money lenders serving the California, Arizona*, and Nevada* housing markets. As a direct lender, the company can offer loans of up to $750,000 within seven to ten business days. Over the past several years, Zinc Financial has funded over $20 million in loans. The team at Zinc Financial has expert knowledge of the residential and commercial markets it serves, providing clients with the insight they need to leverage their wealth and develop lucrative investment strategies. To learn more visit: http://www.ZincFinancial.net.