3.875 % Mortgages

Anyone in the market for a new home should check out this deal. Or maybe even if you aren't - it's that good!

clipped from www.lilaccityrealestate.com Crazy-low Mortgage Deals on Unoccupied New Contruction The time to buy is NOW.  Buyers clearly benefit with banks like Sterling Savings and Banner Bank offering rates as low as 3.875 percent for a 30-year fixed loan. This isn’t a trick. These are REAL mortgages being offered to qualified borrowers as a program to put to use part of the government bailout they’ve received under the Troubled Asset Relief Program (TARP).  The homes must be built by the banks’ building partners and most (but not all) qualified buyers will have to put up either a 10 or 20 percent down payment.  Sterling also gives the option of a 3 percent contribution (up to $20,000), instead of the 30-year fixed loan, that can be used to fund financing costs associated with the home purchase.