The last quarter of 2022 has arrived, and our thoughts are prayers with everyone impacted by Hurricane Ian. As a community lender, we understand the importance of being a resource for our business partners, loan officers, and borrowers. It has never been more important to innovate and develop solutions to help all parties reach their goals.
The Opportunity Loan is a proprietary loan that provides up to 100% financing for eligible homes in Majority-Minority Tracts in Jacksonville, FL. This program has many benefits, like no Private Mortgage Insurance and no income limits. While we understand the need for this program, we have been overwhelmed by the community response, and within a short time, Watson Mortgage Corp. has helped almost a dozen families.
While this is an excellent program for new home buyers, mortgage companies are working overtime to find new solutions for buyers; Watson Mortgage Corp. is no exception. Mortgage interest rates haven't been this high since 2007, and while home prices have come down incrementally, the mortgage rate still makes financing challenging for some buyers. Here are three things that borrowers should address with their Real Estate and Mortgage professional.
The mortgage and housing industry is doing its best to combat the challenges in the market, and Watson Mortgage Corp. is working hard behind the curtain to help borrowers find solid solutions to buy a new home. If you have questions about these mortgage products and strategies outlined in this article, contact a Watson REALTOR® or Loan Advisor Today!
It may be a perfect time if you are interested in purchasing a home this year. Despite all the challenges in the market, it may surprise you to learn that there are ample opportunities to buy your dream home. We can confidently tell our borrowers and clients that it is an excellent time to buy because Watson Mortgage Corp. has developed a collection of products to help people. We work closely with Realty to understand how to serve our area and improve the buying process. Let's take some time to break down a couple of massive mortgage product offerings and how they will help Floridians buy a home in 2022.
Watson Mortgage and Realty want to invest in our borrowers and clients to help facilitate the dream of home ownership. These exclusive mortgage products are an excellent opportunity to begin your home buying journey. We believe that everyone should be allowed an opportunity to buy a home. Homeownership is the foundation of our neighborhoods, communities, and cities, and we are committed to investing in people so we can continue to grow together.