Lisa Barton

Lisa's Blog

Insight to Real Estate News in Jacksonville & Ponte Vedra Beach, Florida

FHA and VA Home Buyers Can Finance a Home with a Free 1% Interest Rate Buy-Down

One of the great benefits of being part of Prudential Network Realty is the affiliation with Gibraltar Mortgage, our in-house mortgage company. Gibraltar Mortgage is also an affiliate of Wells Fargo Home Mortgage, so they’ve got the backing of a national mortgage company. The home buyers I work with definitely benefit from this connection and now, Gibraltar Mortgage is offering a great deal for Prudential clients who are using a government loan (FHA/VA) for financing. Gibraltar Mortgage is providing a FREE 1% buy-down for the first year on a 30 year fixed mortgage. The deadline to apply for this program is July 31, 2010, so contact me soon if you’re interested. That 1% buy-down is a big deal! As of today, interest rates for FHA/VA loans are 4.875% (depending on your credit score). That means new home buyers can potentially enjoy a 3.875% interest rate for their first year. WOW! Marilyn Campbell is the loan officer in my Prudential Ponte Vedra office and she’s available to help my clients 24/7. 

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