Tips for Saving for a Down Payment to Buy a New Home

Tips for Saving for a Down Payment 2Saving money is not always easy. And when you’re trying to save money for a down payment, the task may feel more difficult. But it doesn’t have to be! While buying a home requires a healthy amount of savings, it’s possible with some planning and focus.

Before you begin

Saving for a down payment can feel overwhelming. That’s why it’s important to know how much you need before you start saving, By knowing what your goal amount is, you’ll be able to create a savings plan that works for you. While most lenders look for a 20% down payment, you may be eligible for a lower down payment depending on your loan. Check with your lender for more details.

Now that you’ve determined your target down payment amount, let’s talk about some ways you can start saving for a down payment.

Set up automatic transfers

Use automation to your advantage! Set up automatic transfers from your checking account to a dedicated savings account for your down payment. This is the most popular and convenient way to save. Your bank will automatically transfer the funds at the frequency you set without additional work from you. There are several savings apps you can use to create automatic savings as well, like Digit or Acorns.

Wondering why should you set up a separate savings account from your current one? Easy: out of sight, out of mind. Using a separate savings account dedicated to your down payment will keep you from spending your earmarked cash. Another benefit: you can earn a bit of interest as you’re saving so find a bank offering a high interest rate on savings accounts.

Pay off other debt

Paying off other debt (credit card, personal, car or student loans, etc.) will mean you have more money available each month to save towards your down payment. Do whatever you can do to reduce your current debt so you can dedicate more resources to your down payment.

Lower your expenses

Take a look at your expenses and figure out what you can reduce or get rid of. Maybe instead of paying for cable, you can switch to a streaming service. Be careful here; choose one or two streaming services to use, otherwise you run the risk of having a bill that matches your cable bill.

Make lunch or coffee at home

The daily coffee or lunch habit can be costing you a lot.  You don’t have to skip these treats entirely! Maybe instead of eating out every day, consider bringing a lunch three or four days out of the week and eating out once or twice. Likewise, if you have a multiple cup a day coffee habit, try making your morning cup at home and treating yourself to a coffee out in the afternoon. Deposit the money you would have spent into your down payment savings account.

Shop smarter

Use some smart shopping strategies to help cut your grocery expenses. Avoid shopping on an empty stomach to keep impulse purchases to a minimum. Create and stick to your shopping list. Buy non-perishable items in bulk (just items you already use and love!). Choose the store brand instead of the national brands, and look for sales and coupons for items you use regularly.

Unsubscribe to mailing lists

Remove the temptation to shop by unsubscribing to marketing emails. These emails are designed to encourage you spend money with sales and special offers.

Sell stuff you don’t need or use

Chances are you have plenty of things in your home that aren’t being used. Instead of letting them take up space, put them to good use by selling them. You can use online marketplaces like Facebook Marketplace, OfferUp, Ebay or even Craigslist. Or you can host a yard sale. Bonus points: you’ll end up with less to pack up when it’s time to move!

Get a side hustle

Pick up a side job and dedicate every penny you earn towards your down payment fund. Depending on your skills, you can start doing freelance work or join the gig economy by driving for a car service, walking dogs, pet sitting, babysitting, or even tutoring.

Don’t look at saving for a down payment for your dream home as an impossible hurdle. By breaking it down into smaller, more manageable goals, you’ll feel like saving is achievable. You’ll be able to see the progress you’ve made and stay motivated to continue. If you’re serious about buying a new home, it’ll be worth temporarily passing up on expenses to fund this important goal.

Hayden Homes is here to help when you’re ready to buy a new home. We build new single-family homes in Idaho, Oregon, and Washington for every stage of life. Visit us on our website to learn more about our homes and new home communities. We’re looking forward to welcoming you into your new home.

Myths and Truths of Buying New Construction

There tends to be a lot of myths surrounding real estate, especially about new construction homes. You may have heard some of these misconceptions, like new construction homes are more expensive, but you would be surprised to learn the truth. We’re here to set the record straight about some of the prevailing myths about buying a new construction home so you can make the right decision at any stage in life.

Myth: New construction homes are more expensive

The most common myth is that new construction homes are more expensive than resale homes. While new construction homes can be more expensive, you’re getting much more for your money when you buy new. Advances in building processes and materials have made it more cost-effective to build a new home. They’re also built with modern designs and layouts, saving you from expensive and time-consuming remodeling projects. They’re also more energy efficient than most resale homes, saving you money on utilities.

Not only that, but when you buy a new home, EVERYTHING is new: appliances, heating and cooling systems, plumbing, flooring, roofing, and more. You won’t need to worry about replacing anything for several years. In addition, you may find the cost of living is slightly lower, new construction is built with energy efficient construction practices and energy efficient appliances. Plus, with our home builder warranty, it’ll be years before you have to worry about making repairs. In short, you’ll be able to walk into a home that’s completely ready for your family and built to last a lifetime.

Myth: You need a construction loan to buy a new construction home

Guess what: you don’t need a construction loan to buy a new construction home! You can finance a new construction home with the same loans you’d use to buy a resale home including conventional loans, FHA loans, and even VA loans. Most builders partner with preferred lenders to simplify the financing process and offer you appealing rates and terms.

Myth: You have to pay more for land

Unless you’re building on your own lot, you don’t have to pay more for land when you buy a new construction home. Aside from lot premiums on select homesites, land is included in the final price of every Hayden home (please see a community sales representative for details).

Myth: Building a new home is stressful

Building a new home is an exciting process! Many people enjoy watching their dream home come to life over the course of a build. At Hayden Homes, we have Community Managers who will manage the entire process for you and will provide you with weekly updates to keep you updated every step of the way.

Myth: There are too many decisions to make

For some homebuyers, choosing paint colors, materials, and finishes are the best part of buying a new construction home. But if you’re overwhelmed by the idea of choosing everything, we have you covered. We have simplified the design process to make it fun and straightforward. With our easy to use color packages, that were hand selected by a professional designer, it’s easier than ever. We can help you choose the right selections for your home and budget.

Myth: New construction takes too long

Some buyers are worried that building a home from the ground up takes a long time. Why wait months to move into a home when you can buy a resale home that’s already built? Well, if you need to make any renovations before moving in, you could still be waiting for that work to finish or live in a construction zone.

Experienced builders are able to quickly and efficiently build new homes while adhering to high quality standards. Also, we have a variety of inventory homes that are ready for buyers who may need to move within a certain timeframe so you can select from homes that are complete and ready for move in and others that are in the process of being completed. View the list of available homes throughout the Pacific Northwest today!

Buy new construction homes in the Pacific Northwest

New construction homes are a good option for homeowners. Knowing the facts behind these common myths will allow you to make an informed home buying decision. Have any more questions? Our community sales representatives are available to help!

At Hayden Homes, we have new construction homes available for sale in the Northwest, including Oregon, Washington, and Idaho. We have beautiful homes that are perfect for every stage in life. Contact us when you’re ready to buy a new home. We can’t wait to help you find your dream home.

Tips for Buying a Pet-Friendly Home

Girl petting her dog in front of their new homeFor many of us, our four-legged pets are part of the family. There’s no denying they often hold a special place in our hearts! Just like you consider the needs of each of your family members, it’s important to think about what your pets will need in a new home as well. Here are a few tips to make sure your new home is not only people-friendly, but also pet-friendly!

Consider Your Pet’s Needs

When thinking about the features you need in your next home, don’t forget about your pets! Be sure to consider your needs now and in the future.

  • Flooring. Look for a home that is built with durable flooring. Most homeowners opt for engineered hardwood, tile, or laminate flooring instead of carpet since they are easier to clean and keep cooler during warmer days.
  • Layout. Consider the home’s layout while touring. Make sure your pets will be able to easily move from room to room and that there will be plenty of room for everyone (and their stuff!). Be sure to consider your pet’s age and physical abilities: do you have an elderly dog that may have trouble navigating stairs? If so, a multi-level home may not be the best idea.
  • Yard space. A fenced-in yard is the top feature most homebuyers consider, especially dog-owners. Make sure the fence is sturdy and does not have any gaps that could lead to potential escapes. Also check that the plants are non-toxic.

Research Local Rules and Regulations

Be aware of any local rules and regulations that may restrict the number or types of pets you may have. Just because you own your home doesn’t mean your pets may be welcomed! Be sure to check with your city and state for breed-specific laws and limits. There may be additional requirements for pet owners to follow.

Find a Pet-Friendly Community

You’ll want to make sure your neighborhood is welcoming to pets. When touring homes, check out the neighborhood and see if there are any other pet owners in the area. Seeing other pets in the neighborhood is a good sign that pets are welcomed in the neighborhood. Be sure to notice how much street traffic is occurring as well!

Also take note of any pet services or amenities near your home: are there sidewalks or a dog park where you can safely walk your dog? Are there any veterinarians, pet sitters, groomers, or walkers nearby? How close are pet stores? Knowing if these amenities are close by will make it easier to maintain your pet’s health and happiness.

Find Great Pet-Friendly New Construction Homes

Finding a home that’s comfortable for every member of your family is possible! At Hayden Homes, we build attractive, friendly communities in Idaho, Oregon, and Washington. Get in touch with us today to learn more about our brand-new homes for sale in the Pacific Northwest. We can’t wait to help you find your dream home.

5 Simple Ways to Improve Your Credit Score

Person using a calculator to review their finances for 5 Simple Ways to Improve Your Credit ScoreYour credit score is the key to your future home. It can be the difference between being approved or denied a mortgage. It can even determine your interest rate! Wondering how credit scores can affect home buying? Check out this post for more information.

Don’t let a poor credit score keep you from getting the home of your dreams. With some hard work, you can transform your credit score. Just remember, repairing your credit isn’t a quick fix; it can take three to six months before you start to see improvement. Here are five tips to improve your credit score.

Review Your Credit Report

Reviewing your credit report is the first step to improving your credit score. Knowing exactly where you stand financially will allow you to make the right decisions as you rebuild your credit. You can receive a free copy of your credit report from each of the three major credit bureaus. When you receive your credit report, make sure the information is accurate and report any incorrect information to the credit bureau to have it removed.

Pay Your Bills on Time

Your payment history is the most influential factor when determining your credit score. Paying your bills on time shows lenders that you’re responsible with credit and is a good indicator that you’ll continue to handle future debts responsibly as well. If you’ve missed payments in the past, get up to date on your payments and stay current.

Reduce Your Debt-to-Income Ratio

Your credit utilization, or the amount of debt you have compared to the amount of credit. Lenders use this ratio to determine if you will be able to make your payments each month. They typically like to see a ratio of 30% or lower.

To calculate your credit utilization ratio, take the total amount of credit used during the month and divide that by your total credit limit. For example, if you have a credit card with a $1,000 credit limit and you spend $300 during the month, your credit utilization ratio is 30%.

If your ratio is higher than 30%, it could indicate that you’re taking on more debt than you can afford. The most effective way to reduce your credit utilization ratio is to keep balances low on credit cards and other revolving credit like personal loans. Don’t just move money around; create a payment plan to pay down your debts.

Keep New Credit Applications to a Minimum

While you’re repairing your credit (or even applying for mortgages) limit the number of new credit applications you submit. Each new line of credit you apply for creates a hard inquiry on your report, which temporarily lowers your score.

Continue to Monitor Your Credit

Keep track of your hard work by continuing to monitor your credit. Don’t worry; you won’t hurt your score by checking your report! When you view your own credit report, it’s considered a “soft inquiry” and doesn’t affect your score.

It’s smart to regularly review your credit report so you can understand how well you’re managing your credit and if you need to make any adjustments. It will also allow you to spot and fix any inaccuracies.

Following these tips will help you establish a healthy relationship with credit and save you money in the long run. If you’re planning to purchase a new home this year, you’ll appreciate the hard work you put in to turn your credit score around.

Buying a Home in 2020? Here’s What You Need to Know

A couple in front of their first new homeWill 2020 finally be the year you buy your first home? After researching and saving, you’re finally ready to take your first steps into the homebuying process. Its always hard to know whether conditions are right, but its important to determine if the conditions are right for you. If you’re ready to make the jump to homeownership, here’s what to expect for the housing market in 2020.

Mortgage rates will remain stable

After mortgage rates steadily declined during 2019 (dropping below 4% for common loan types), mortgage rates are expected to below 4% but don’t expect to see them drop too much further.

Inventory will be tight…

Unfortunately, housing inventory will continue to be tight for much of 2020. There are a lot of factors contributing to the tight inventory, mainly people are staying in their homes for longer than in previous years (the average homeowner is staying in their homes 13 years, up from 8 years in 2010). With homeowners staying in their homes longer, there’s simply less homes available for sale.

New home builders have responded by building more mid-range homes, which may encourage move up buyers to enter the market, freeing up their homes for first-time buyers.

and home prices will rise

Thanks to tight inventory and high demand for homes, prices are expected to grow this year. How much? National Association of REALTORS (NAR) Forecast Summit predicts as 3.6% increase, Zillow predicts a 2.8%, and realtor.com predicts a modest 0.8% rise. Needless to say, competition for available homes will be fierce.

Mid-sized markets will be popular

After moving to urban downtowns, younger generations have turned their eyes back to the suburbs. Mature Millennials, many with young families, have shifted their priorities and now looking for more affordable housing. Buyers are moving to mid-sized cities in search of improved quality of life and homes at a more affordable price point.

New Homes for Sale in the Northwest

If you’re ready to buy your dream home in the Pacific Northwest, we’re ready to help. We build attractive, friendly communities in Idaho, Washington, and Oregon. We have homes for sale you’ll love, and want to be your homebuilder of choice. Contact us today to learn more.

Start Fresh: Buy a New Home

Homebuyers in the Northwest have a lot of options in today’s real estate market. There are plenty of new homes and resale homes available. Why not start fresh in a brand-new home? Depending on what your priorities are, there are several advantages to buying a new home.

Here are some of the top benefits of buying a newly-built home:

Designed for Today

New construction homes are built to satisfy today’s needs. New home builders tap into today’s design trends for flexible, open floor plans, larger kitchens, spacious rooms, outdoor living spaces, and plenty of storage space. They’re also wired for today’s technology, making it easier to outfit your home with the latest smart technology.

Customization

Instead of settling for someone else’s design preferences, you can customize your new home to be a true reflection of your style. Depending on the building stage of a new home, you may be able to select the type of flooring, fixtures, paint colors, and other options to create a unique home tailored for you.

Energy Efficient

Newly built homes are more energy-efficient than resale homes thanks to improved building requirements. Today’s building codes require a tighter-sealed building envelope that prevents air from escaping the house, meaning your home stays cooler during the summer and warmer in the winter months. Additional energy-efficient features include higher-efficiency insulation, doors, windows, and appliances. All of which works together to keep your utility bills lowers and your wallet fuller.

Low Maintenance Living

Today’s new homes offer low-maintenance living in two ways. First, they’re built cutting-edge building materials that require less maintenance, like using composite materials instead of wood that can rot or need repainting. Second, because everything is new, there’s less need for repairs, especially in the first few years of owning the home.

New Home Warranties

A definite advantage of newly built homes is that everything in the house is brand new. Everything in your home is under warranty and since they’re at the start of their lifecycle, you’re ensured many years of problem-free usage before it needs to be repaired. Most builders offer a one-year warranty to cover any needed repairs during the first year in your home, leaving you with one less thing to worry about.

Buy New in the Northwest

If you’re looking to buy a new home in the Northwest, we want to help! Hayden Homes has new home communities throughout the Northwest in Washington, Oregon, and Idaho. Reach out today to learn more about what we have to offer.

How to Choose the Right Floor Plan for Your Home

How to Choose the Right Floor Plan for Your HomeThere are a lot of decisions to make when it comes to finding a new home. You’ve probably already decided which neighborhood you want to live in, the type and style of home you prefer, and even the features and amenities you want. Now it’s time to find the right floor plan for your home and your family.

Selecting the right floor plan is important. You can repaint and update the kitchen in the future, but it’s difficult to change the layout. Before committing to a home, ask yourself these questions to make sure you’re choosing the right floor plan for your family’s new home.

What’s your family’s current lifestyle?

Your lifestyle dictates the type of home you’ll gravitate towards. If you have young children, you may prefer to have the bedrooms on the same level. Conversely, if you’re looking for a home you can eventually age in place, you may prefer a single-story home instead of a two-story home. You may want an open-floor plan if you love to entertain. Work from home? Look for a home that offers a flexible space for a home office or other specialty room.

Does the home feel ‘livable?’

While the size of your new home is important, don’t hold fast to a particular measurement. Square footage is just a number; a smartly-designed floor plan can feel much larger than the square footage. Instead of staying committed to a particular size, set a general size range you’d like and focus on finding a home that has the right number and type of rooms for your family. When touring homes, check that the flow makes sense and imagine your daily routine and how your family will move around in the space.

What features do you need that your current home doesn’t have?

How does this home improve on what you have in your current home? Does it have more storage? Larger bedrooms? A dedicated laundry room? Consider what features and amenities your current home lacks and make sure the new home fits those needs.

Does the home fit within your budget?

Buying a home is one of the largest financial purchases you will make in a lifetime. And let’s face it, there is a part of us that may want to have a larger, fancier home than we may need or can afford. So before you get your heart completely set on a floor plan, be sure to talk with your builder about what your costs will be and make sure it aligns within your budget. If you need help on determining what that is, check out our blog on how to budget for a new home.

Will this home fit your family now? In 5 or 10 years?

Each family has its own life-cycle. Consider the current state of your family and think about how your family’s needs may change in the future. Do you anticipate growing your family? Or perhaps having a family member move in? Will your kids be moving out soon? The right home will allow you to comfortably fit your family for several years.

Finding the right home for your family can be difficult but isn’t impossible! By asking yourself these questions, you’ll be able to find your perfect home.

Explore Hayden Homes Floor Plans

Hayden Homes offers gorgeous homes that are perfect for every stage in life. With over 30 home plans, you’re bound to find the right home for your family. Take a few minutes to review our gallery of floor plans HERE, view a virtual tour and even play with the design features of your new home. Then, when you’re ready to buy a new home in Oregon, Washington, or Idaho, contact us directly. We’re excited to help you find your new dream home.

How to Budget for a New Home

Young couple working on budgeting for their new homeBuying a new home is one of the largest purchases we make in our lifetimes. Since it’s such a huge financial decision, it’s best to do your due diligence to determine how much you can afford before going to your first open house.

Reviewing and adjusting your finances is an important first step towards homeownership. Here are some great tips on how to budget for a new home.

Review your income

The key to creating a budget is knowing how much you have to spend. Add up your after-tax income sources for the month. Use this final number to build your budget around.

Write down current monthly expenses

List all of your monthly expenses so you can see where your dollars go each month, including any debt payments. Once you have your expenses figured out, you can calculate how much you’ll have remaining for housing costs.

List new regular expenses

In addition to your usual household expenses like mortgage and utilities, you’ll be responsible for some additional costs as a homeowner that you weren’t previously.

  • Property taxes and homeowner’s insurance: Check to see if these payments are included in your monthly mortgage payment. If you need to make separate payments, you’ll want to include that into your budget so you’re not surprised when the bill arrives. If they are included with your mortgage payment, be aware that your payment amount may vary by the year due to changes in property taxes and insurance premiums.
  • Homeowners association fees: Homeowners association (HOAs) dues are fees collected to maintain common areas in a neighborhood. Some fees are collected monthly while others are collected yearly. Its best to set some money aside each month so you’re not blindsided by a large payment all at once. Thankfully, Hayden Homes’ communities don’t have homeowners association fees.
  • Home maintenance: If you’re purchasing an existing (or used) home, home maintenance should be top of mind. A good rule of thumb is setting aside 1 to 2% of the value of your home each year for upkeep. One of the benefits of buying a brand new home is not having to worry about typical home maintenance. We offer each Hayden homebuyer one of the most comprehensive homeowner warranty programs. Each Hayden home comes with a one-year builder warranty on our work so the first year in your new home will be worry free!

Make adjustments

Once you have your expenses written down, review them to see if there are any areas you adjust your spending so you can save money or increase your allowable housing costs and/or paying down debt.

Save for a down payment

Many first-time homebuyers find saving for a down payment is typically the biggest challenge to overcome. Find out how much of a down payment you’ll need by getting pre-qualified for a mortgage and then create a savings plan.

Roll with the financial punches

Budgets are living breathing things so it’s okay to revisit your budget and make adjustments as your financial situation changes. Make sure you’re still building an emergency fund (ideally, you’ll have enough set aside to cover three to six months of expenses).

Find your dream home with Hayden Homes

If you have more questions on how to budget for a new home, our team is here to help and are available to get you in touch with a loan officer to go deeper into this topic with you. So when you’re ready to start the homebuying process, we’re ready to help you find your dream home. We have brand new homes for sale in Idaho, Oregon, and Washington. Contact us today to learn how we can help you find your new home.

Top Reasons Why We Choose to Move

Top Reasons Why We Choose to MoveAre you planning on moving soon? If so, you’re not alone! On average, Americans move about every five to seven years. From new jobs to changing familial relationships, there are lots of different reasons why people move.

With the summer months coming up, more families will be packing up and moving into a new home. Coincidentally a lot of the moves happen in May, which is why it’s National Moving Month. Here are some of the top five reasons why we choose to move:

For a better home

According to 2017 American Housing Survey, over half of recent homebuyers (55%) moved for a better home. First-time buyers are making the leap from renting to owning and some move-up buyers simply outgrow their “starter home” as their families grow.

Or perhaps you stopped loving (or tolerating) the quirks of your current home. Maybe the street noise turned out to be louder than expected, or you need more storage space. Whatever the reason, sometimes moving to a new and larger home is in order.

For a better neighborhood

46% of homebuyers moved for a better neighborhood. Neighborhoods change over time. Your neighborhood could have been a quiet, sleepy bedroom community when you moved in, but thanks to area development projects, has become too commercial and busy for your liking. Likewise, if you have children (or plan to start a family), you may desire to move to be in a better school district.

To form a household

About 39% on homebuyers (and an astounding 61% of first-time buyers) listed forming their own household as the reason why they moved. Whether you’re getting married or having kids, getting a home to call your own was part of the process.

To be closer to family

22% of homebuyers moved so they could be closer to family. This is common as we age; parents desire to be closer to their children and grandchildren, and sometimes grown children move closer to home for the same reasons, especially if they want help taking care of the kids!

To reduce housing costs

19% of homebuyers claimed reducing housing costs as their prime reason for moving. Some are downsizing into a smaller home (which means smaller utility bills, home insurance, and property taxes) or relocating from a location with a higher cost of living location to one with a lower cost of living. Many residents of states with higher costs of living, like California, find they have more buying power in other states like Idaho, Washington and Oregon than they otherwise would. Which means they can afford a much larger home.

Some other reasons for moving also include: a change in household composition (18%), getting a new job (14%), and reducing commute times (12%).

Let Hayden Homes help you with your next move

Whatever your reason for moving to a new home, Hayden Homes is here to help. With new home communities throughout Idaho, Oregon, and Washington, you’ll find plenty of options for quality, affordable homes for every stage in life. View the benefits of buying new to learn what makes a Hayden Home the right new home for both you and the entire Pacific Northwest.

How the Recent Unchanged Federal Reserve Interest Rate Improves Mortgage Rates

Federal-Reserve-announces-they-will-not-increase-interest-rates-good-for-mortgagesA year ago, it was predicted that Federal Reserve Interest Rates (national interest rates) were going to continue to climb all through 2018 and carry into 2019 as the economy showed great signs of improvement. Then, as you may have heard, the Federal Reserve announced that they will hold rates steady for the remainder of the year. This is good news for those looking to purchase a new home. How, you may be wondering? First let’s briefly explain how interest rates affect your purchasing power as a current or future homebuyer.

If you’re going to use a home loan to purchase your new home, the question of how much you can afford can also be called your ‘purchasing power’. Any change in the national interest rates can either improve this power or make it harder for you to buy a home. The higher the interest rates the more expensive your home will become and the higher your monthly mortgage payment in terms of Principal and Interest, (P&I only), will be. This is not factoring in homeowner’s insurance or property taxes, since those vary depending on the home’s location and your personal coverage options.

These lower rates can make a huge impact on home affordability & purchasing power. The difference between 1% in rates on a $250,000 home mortgage can save you nearly $150 per month and over $42,000 in interest over the life of your loan! That’s a lot of money saved in the long run.

Back in November rates we’re higher than we’ve seen since March of 2011. And they are back to the lowest we’ve seen since February of 2018. Since the Federal Reserve announced that they will hold rates steady for the remainder of the year and if you’ve been on the fence about purchasing a home, now is the time to make a move and get into that new home.

Before you start looking at new home communities, make sure you get your pre-approval for a mortgage. This will help you confirm that the amount you think you can pay is in line with what you will qualify for. With new homes throughout Oregon, Washington and Idaho, contact a Community Manager today and we can get you in touch with a Loan Officer to get pre-approved and get started down the path of buying the new home of your dreams.

Freddie Mac Source: http://www.freddiemac.com/pmms/pmms30.html

**Written as of 3/21/2019. Rates may change at any time. Please consult a Loan Officer for specific details on current interest rates and to get pre-approved for a home loan.