Purchasing a home for the very first time can be both an exciting and nerve-wracking time for people. Purchasing a home, no matter if it is your first or fourth time, is a large financial decision that must be made with careful consideration. Luckily, Steve Avrus can help guide first time home buyers through the home loan application process.
With over 32 years of mortgage finance experience as owner of Avrus Financial & Mortgage Services, Steve Avrus knows the ins and outs of various mortgage systems and understands how to help buyers achieve their dreams of owning homes. For instance, one of the biggest concerns first time home buyers face is getting approved for a low interest home loan. Steve Avrus recognizes that there are many factors that attribute to attaining a low interest mortgage such as credit score, steady employment (2+ years in same field) and having enough money to make a down payment on the home, and he can advise potential buyers how they can better their chances of qualifying.
One great option for first time home buyers is to apply for the FHA home loan. This type of loan can provide first time buyers with many advantages including a low down payment (3.5% of purchasing price), 85% of appraised value cash-out refinance and gaps in buyer’s employment history are OK are just a few of the perks.
For more information about the FHA home loan contact Steve Avrus today. He can help first time home buyers by connecting them with a licensed loan specialist at Avrus Financial & Mortgage Services, Inc. who will work directly with the FHA to get them the low-interest loan they need.
