As many would-be buyers are aware, the market’s performance is being largely controlled by one factor: mortgage rates. During the first half of 2023, these kept housing in a state of suspended animation in many areas.
If you are a first-time home buyer, finding the right home loan and mortgage options can be tough. You’re often left wondering, which option is best for my needs? How much money do I need to put down up front? Do I need a traditional mortgage or something else?
Core Bank has a NEW Rapid Close 21 calendar day closing guarantee for conventional conforming loans. Core Bank will close your loan for an owner-occupied, single-family home purchase or refinance in 21 calendar days or mail you a check for $500 after your loan closing.
Envisioning your dream home is easy, but figuring out how to finance it is usually what keeps it from coming true. Here is some good news – the FHLB Grant program can help you achieve homeownership. First-time homebuyers (or anyone who has not owned a home in the past 3 years) can be eligible to receive up to $7,500 in grant money to cover down payment and closing costs through Core Bank.
We’d love to see your smiling face in person, but we know that your banking needs happen 24 | 7 | 365. Feel free to bank from your couch, your office or a beach somewhere warm.