4.99% Interest Rates on FHA, VA or USDA Loans Now Available
- Kindred Homes
- January, 23, 2024
If you're currently exploring options for a new home, you've likely been keeping an eye on the interest rates. The past two months have shown a remarkable nearly 30% decrease in interest rates from the record highs we experienced in late October 2023. Consequently, Kindred HomeLoans is now offering a remarkably low interest rate of 4.99% on FHA, VA or USDA Loans for a limited time only.
Understanding the Benefits of a Low Rate
Before diving into the specifics of this exceptional interest rate, it's worth taking a moment to appreciate the advantages of a low interest rate for potential homeowners. A key point to remember is that a lower interest rate invariably leads to reduced PMI payments. This significantly impacts the affordability of your monthly payments and the overall cost of your home over the term of the loan.
To illustrate, consider a scenario where you take out an FHA loan of $386,000, on a $400,000 home. A 4.99% interest rate would result in a monthly payment, including PMI, of approximately $2,655. Contrast this with the standard market interest rates in January, reported by Fannie Mae to be in the region of 6.25%. At this rate, your PMI alone would increase to over $300 per month, totaling $2,962 strictly in interest. Over the life of your loan, this adds up to an extra $108,000 in interest. That's quite a difference!
The 4.99% Interest Rate Offered By Kindred Home
Now, let's focus on the exciting new offer - a highly competitive interest rate of 4.99% on FHA, VA or USDA loans. As demonstrated earlier, this rate can significantly drive your dream of homeownership closer to reality. This rate is applicable to eligible FHA, VA or USDA homebuyers that meet Kindred HomeLoan's approval criteria, following a standard approval process. If you're interested in seizing this fantastic opportunity, don't hesitate to connect with a Kindred HomeLoans advisor here.
At Kindred Homes, we are committed to making the dream of owning a home accessible to everyone. That's why we're proud to offer an unbeatable interest rate of 4.99% on FHA, VA or USDA loans. Coupled with our personalized service and flexible loan options, we are the ideal partner for your home buying journey. Don't let this outstanding opportunity to secure a low-interest rate and start building equity in your new home slip away. Reach out to us today to discover more about our services and how we can help you achieve homeownership.