Here's some mortgage loan basics you need to know:
Today (24 August 2011), mortgage interest rates are at an all time low. Bankrate.com cites the following national averages:
- 30 year fixed 4.19%
- 15 year fixed 3.43%
- 5/1 ARM 2.92%
Here are the loan limits for Federally insured mortgage programs for single family homes in the San Antonio area:
- VA $417,000
- FHA $332,500 now, but goes down to $287,500 on 1 Oct 11 (better act quick if you're a buyer)
Contact us if you have questions about applying for a mortgage loan or to get our recommended lender list.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. If you have questions about San Antonio real estate or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our experienced Realty Solutions Team is always ready to help you with your home buying or selling needs. Visit us at http://sanantoniohomequest.com .
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