Historically Low Interest Rates
Now is a great time to buy or refinance. Averaging 3.63 percent, the 30-year fixed rate mortgage is at its lowest level since the week ending May 23, 2013 when it averaged 3.59 percent, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released yesterday. Read our full blog post on rates here.
These lower rates have led to a surge in mortgage applications, according to the Mortgage Bankers Association. Many people realize that this may be the last chance to lock in at such a low rate before the Fed pushes interest rates higher.
New & Improved Low Down Payment Options
In December, Freddie Mac and Fannie Mae announced new affordable low down payment mortgage loan products to help more people realize their dreams of home ownership. Qualified first time home buyers1 can now purchase a home with as low as three percent down2. Read more about these products here.
The low down payment FHA loan program is becoming more affordable for borrowers with limited down payment funds. As of January 26th, the mortgage insurance premiums (MIP) required for this program will be drastically reduced. The MIP reductions are projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new home buyers to purchase their first home over the next three years. Click here to view the press release on MIP reductions from The U. S. Department of Housing and Urban Development.
Apply Online Today
With low rates and more low down payment loan options, there is no better time to become a home owner. Apply now and we will connect you with a licensed loan officer near you, or find a loan officer using our branch locator.
Our Mission Statement
Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.
About Inlanta Mortgage
Founded in 1993, Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Inlanta Mortgage was named a Top Mortgage Lender in 2013 and 2012 by Scotsman Guide was also recently named a Top Workplace in 2014 by the Milwaukee Journal Sentinel. In addition, Inlanta was named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.
1At least one borrower must be a first time home buyer. Borrowers who have not held interest in a property in the last three years are also considered first time home buyers.
2 3% down payment on $100,000, 4.250%/ 5.166% APR, 640 FICO, 30 -year fixed rate mortgage. Income limits may apply. 97% LTV programs are available to first time home buyers only. Home buyer education courses are required. Mortgage insurance is required for LTVs greater than 80%. Rates subject to change. Subject to credit approval.