Something leaked…  We don’t know who leaked it, but there is a plan being considered by the Treasury Department to give a boost to home sales.  Basically, the plan is for the Treasury to push rates down to a target 4.5% for a 30 year fixed mortgage.

From what I am reading around the internet, it would only be for purchases of new or existing homes, not for refis of current loans.

So, let’s do a little stacking here…

• Ken over at Novation has some 95/5 programs available… so, 100% financing – check
• The government is offering a $7500 refundable tax credit for first time home buyers… so, cash for expenses – check
• Treasury floating the idea of 4.5% 30 year fixed mortgages… so, butt-kickin’ mortgage rate – almost check
• I have come across some properties that are offering closing cost money for owner/occupants… so, closing costs paid to reduce cash at closing – check
• I am finding properties in Lilburn and the surrounding areas that are well below comps… so, well priced deals – check

Now, we don’t know that the Treasury  going to work out the 4.5% mortgage deals yet, but we have everything else checked off… and if the 4.5% mortgages DO come through, the best deals are going to disappear even faster.  Already I am seeing good deals go under contract is a couple of weeks or less.

So, if you are thinking of buying a home, especially if you are a first time home buyer, we might be hitting a great season to do just that.

Give me a call and let’s start your home search.  Ken can get you qualified and we can get you into a home before the Superbowl… maybe even in time for a New Year’s Party!

Don’t hesitate to shoot Lane a message if you have any questions, or need any help. And check out the new links for FREE Property Searching, FREE Comparative Market Analysis and FREE Market Reports. They are near the top of the page…