Your Lake of the Ozarks Mortgage Lender: A New Year, A New Home

Friday, January 5, 2018

A New Year, A New Home

Are you ready to make some changes in 2018? Your local Lake of the Ozarks mortgage lender is here to help! Whether you need to upgrade your home because you have a new addition to the family or you're ready to downgrade because your children flew the coop, we are here to help with all your Lake of the Ozarks home financing needs!

Mortgage Rates

Last year was a great year for home buying as mortgage rates remained near all-time lows throughout 2017. What's the forecast for 2018 look like? According to The Mortgage Reports, mortgage rates are still low in January 2018, but they won't be for long! Analysts are calling for higher rates this year, partially due to the new tax code which could lead to inflation. However, there's still a great opportunity for those looking to purchase a home at the Lake of the Ozarks in 2018. Freddie Mac, who's been tracking rates for 45 years now, states that mortgage rates have remained below 4% for 23 straight weeks. Now's the time to get started with a pre-approval for a mortgage if you're thinking about buying in 2018!

Loan Options

At First State Bank Mortgage, we provide a full portfolio of fixed- and adjustable-rate mortgage products. From first-time homebuyers to veterans, we've got something that will work for you. Check out some of our loan options below:

Conventional Loans

Conventional loans offer competitively-priced rates and up to 95% financing of your home’s value – whether you’re looking to purchase a new home or refinance your current loan.

FHA Loans

FHA loans offer competitively-priced rates and a low down payment option – whether you’re looking to purchase a new home or refinance your current loan.

USDA Loans

Rural Housing loans, sponsored by the U.S. Department of Agriculture, are designed to make homeownership more affordable for borrowers in rural communities. For qualified borrowers, a Rural Housing loan can provide up to 100% financing with competitive rates and terms.

VA Loans

With favorable terms, competitive interest rates, and no monthly mortgage insurance premium, VA Loans are designed to make homeownership more affordable for qualified U.S. veterans.

First-Time Homebuyer Program

The First Place Loan program gives first-time homebuyers and qualified veterans the edge they need to purchase a home. Affordable interest rates, in combination with additional incentives offered by the Missouri Housing Development Commission (MHDC), allow prospective buyers to obtain mortgage financing in a competitive market.

For more information on our loan options, please visit: http://mortgage.fsbfinancial.com/TypesofLoans.aspx.

Discuss your personal situation with your mortgage lender at the Lake of the Ozarks and we'll help you determine which loan best fits your needs. As your lender, I'm here to work with you every step of the way. I'll discuss your options, offer competitive interest rates and back it up with the first-class service you deserve! Get started by giving me a call at 573-746-7211 today.

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