Home values increased in January 2013

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The Federal Savings Bank sees a positive report on January home prices as an opportunity for first-time homebuyers, specifically, veterans to purchase a home.

VA and FHA home loans at The Federal Savings Bank

The Federal Savings Bank

Veterans can possibly purchase a home with a no money down mortgage

The housing market continued to show improvement for the first month of 2013. According to the January Zillow Real Estate Market Report, home values rose to $158,100 on the Zillow home value index. The Federal Savings Bank sees this time as a period where potential first-time homebuyers, especially veterans, should realize the upward trending housing market and take advantage of low rates for a mortgage.

The report revealed January values were up 0.7 percent from December 2012 and 6.2 percent from January 2012. This annual gain is the largest since July 2006, when home values rose 7.5 percent year-over-year.

VA loans Gives Large Opportunity for Veterans
With home prices rising, many inidividuals want to secure a loan with little money down and low interest rates. Veterans can take advantages of precisouly these two options. According to the Department of Veteran Affairs, servicemen and women can take qualify for a VA home loan. Veterans can possibly purchase a home with a no money down mortgage. The FederalSavingsBank specializes in qualifying veterans for these loans. For more information or to get start on a VA home loan, visit: TheFederalSavingsBank.com

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