5 good reasons to get off the sidelines
FHA Approved!
Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. Securing an FHA loan is an important piece of the home buying puzzle. Because So7 sales have continued to be strong throughout the summer, we are now eligible to offer FHA approved loans through our preferred lender (PrimeLending). Over the last 6 months, we sold and closed 13 homes; 9 of which sold and closed during July and August which have periodically been our slowest time of the year. Listed below are some of the many advantages that borrowers may enjoy from FHA loans:
- Down payments as low as 3.5%, much lower than a conventional mortgage. The entire down payment can be borrowed or even received as a gift from a homebuyer’s relative or close friend, an employer, a charitable organization, or a government agency.
- Family members are eligible to cosign for the loan amount.
- Low monthly payments.
- Low mortgage rates.
- A seller or other third party is also allowed to help pay the buyer’s closing costs.
- FHA loans have no prepayment penalty.
- FHA guidelines are more flexible than conventional financing.
- FHA loans are assumable as long as new buyer qualifies (pass along your low rate if you decide to move, etc).
- The FHA can also help home buyers finance their closing costs. Seller can pay up to 6% of sales price towards closing costs (note: as long as this is negotiated and agreed with developer up front)
It’s the smart time to buy a home.
- Interest rates are the lowest in history and most experts expect interest rates to rise.
- The Dallas and Fort Worth markets continue to show exceptional price stability.
Especially at So7.
- The So7 vision is now becoming a reality. What was a series of separate buildings are now becoming a true master-planned development and a vibrant community with great shops and restaurants. W 7th Street is the hippest and fastest growing area of Fort Worth.
- By the time today’s buyers move in to their new home the So7 dream will be a reality
So7 has real momentum.
- So7 Sales continue to be strong. Over the last 6 months, we sold and closed 13 homes; 9 of which sold and closed during July and August which have periodically been our slowest time of the year.
- So7 continues to show momentum, so the community here continues to grow and you can rest assured that your real estate purchase is being made in a thriving and successful community.
Owners’ Benefits program.
- To show our gratitude and appreciation to our amazing So7 homeowners, we have developed a program of benefits and discounts with some great local restaurants and retailers Learn more…
Easier than ever to finance a home at So7.
- Our So 7 Rate Float Down program gives you the chance to lock in to record low rates AND have the possibility of them going even lower. Contact us for more information.
Homes at So7 are eligible for FHA loans, insured by the Federal Housing Authority. For help in applying for an FHA loan, we have enlisted a preferred lender to administer the process. . To find out more, please contact us at 817-885-7700.