Some homes in the Seattle area are now being financed by Homestreet Bank at no money down, no PMI, and 3.99% financing. These are homes which Homestreet financed the construction loan, and the bank wants the properties sold now.
This kind of financing is a once-in-a-lifetime chance for a handful of buyers who purchase these homes.
With 100% financing being practically gone from the market, most buyers would expect to pay higher rates and a few hundred dollars/month in mortgage insurance. At 3.99%, with no PMI, these homes are as affordable as they can get right now.
Homestreet has a list of which current properties are approved for this financing on their web site.
Sam DeBord and Brian WiegandSeattleHome.com (206) 431-5900
Seattle Waterfront Real Estate Brokers - RE/MAX Connected
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