Buying and Selling a Home

Preparing to move to a new home is an exciting time.  Even if you have little money saved to purchase a new home, you still have options.  Selling your current home and buying a new home is a process with a lot of moving parts.  Let Rebecca Foote Mortgage Team’s expert mortgage advisors assist you to ensure the financing of your new home is a stress free process.  Our team will guide you through the process of utilizing the equity in your current home as a down payment for your new home.

Benefits of Moving to a New Home

• Upsizing to accommodate a larger family may alleviate turf wars in your home.
• Downsizing to simplify your life or to make retirement more affordable.
• Could be less costly than a major renovation for those added amenities you have always dreamed of having.
• Relocating closer to your employment may save time and money on your commute.

Most Popular Loan Options

Conventional Loan

• As little as 3% down payment with excellent credit.
• Fixed rate.

USDA Rural Housing Loan

• No money down.
• The seller, your relatives or your friends may pay your closing costs.

FHA Loan

• Only 3.5% down payment.
• The seller or your relatives may pay your closing costs.
• No income thresholds.

VA Loan

• No money down.
• No monthly mortgage insurance (PMI).
• Available to eligible Veterans and active military members.

Adjustable Rate Loan

• Lower initial payment is great for home buyers planning on selling and moving after 3 to 7 years.

If you have any questions, don’t hesitate to reach out to the Rebecca Foote Mortgage Team at (717) 609-4044. We are happy to answer your questions and would love to work with you!