Home Finance of America Offering Incentives to First Time Homebuyers
(PRWEB) June 20, 2013 -- Home Finance of America, Inc., an internet based mortgage banker licensed to lend in nineteen US states, is offering attractive deals and incentives for first time home buyers. In response to the positive turn in the housing market Home Finance of America recognizes the important role first time home buyers play. Special low interest rates, extended interest rate lock periods, reduced closing costs, fast preapprovals and personalized service are all perks first time homebuyers can expect to receive from Home Finance of America.
Home Finance of America’s experienced team of licensed loan officers is available by phone seven days a week for assistance. At no cost or obligation, first time homebuyers can call to speak to a loan officer fully licensed and versed in their states lending laws and guidelines for assistance through the entire mortgage process. After a few simple questions first time home buyers can request a preapproval letter and after credit check and a quick mortgage application right over the phone. The preapproval letter is typically delivered by email by the next business day. A preapproval letter is a tremendous asset for a first time home buyer. Sellers and realtors take offers from preapproved buyers more seriously which often can result in a lower sales price.
The perks for first time home buyers don’t stop at customer service. In addition to the low rates Home Finance of America has offered their customers for years, a lender credit of at least one hundred dollars is given to all first time home buyers. Unlike many lenders, Home Finance of America offers immediate interest rate locks and in most cases they are able to offer extended rate locks periods at little or no additional cost to accommodate settlement dates outside of thirty days. This gives buyers an important layer of security against rising mortgage rates in a volatile market.
The home loan process is more complex than it has been in the past due in part to stricter lending guidelines and tighter banking regulations. Thanks to mortgage bankers like Home Finance of America first time homebuyers can receive guidance and perks that make a stressful process simple. Licensed loan officers are standing by and can be reached toll free at (800)358-5626. Visit the company’s website at http://www.hfamerica.com for more information.
To qualify for a mortgage from Home Finance of America first time home buyers are required to have a credit score or FICO of at least 680 and must be prepared to make a down payment on their new home of at least 5%.
Fran Kelly, Home Finance of America, 1(800)358-5626 102, [email protected]
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