Today’s Lowest FHA Mortgage Rates – First Time Buyers Last Chance to Receive the Government Tax Credit
Posted on | April 30, 2010 | Comments Off
Today is the last chance for first time buyers to qualify for the tax credits available from the government. With that being the case many first time buyers are searching for today’s lowest FHA mortgage rates. It is very important to note that the lowest mortgage rates are not always available to all borrowers.
If you have a great credit score, above 740, and a low debt to income ratio then there is a very good chance that you could qualify for an FHA mortgage rate below 5%. It is very important to note that you must be a very good borrower of money to have the ability to lock in to rates this low.
Tomorrow there will be no more first time home buyers tax credit but this does not mean that it is not a good time to buy a home. Home prices are very affordable and mortgage interest rates are very close to all time lows. With this being the case there are still many opportunities for first time home buyers to save money by buying a home today.
Author: Tiffany Mann