Are you a first time buyer and need more information from an unbiased source? Good news! Here's that source: The Franklin County Housing Authority, located in Greenfield, provides workshops for first time buyers. Just look them up online or call me. I'd be happy to help you find the next class.
Tip: FHA has loans for highly-qualified low to moderate first time buyers that go as high at $318,000. If you look up FHA loans online you can see the specific requirements. Or if you'd rather, call your own bank or credit union for more information on loans.
Personally, I'd call Dave Loeffler, First Horizon Home Loans, Peachtree City, GA. Locally, I'd call Greenfield Bank in Amherst first. Right now their 30-year fixed loans are 6.1 something percent for zero points. A point is about 1% per thousand borrowed. Remember: in today's market, the seller will often pay points and even closing costs, even if you offer 10% under the original home price. So with two points (listed in the offer for the seller to pay), you might be able to get that above loan at 5.7%!
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