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Jumpstart Your Homeownership Journey with Down Payment Assistance in North Carolina offered by the Martini Mortgage Group

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Are you a first-time homebuyer or planning an upgrade? Are you struggling to pull together that hefty down payment? Say goodbye to your worries because the Martini Mortgage Group is here to help!

Together with the North Carolina Housing Finance Agency (NCHFA), the Martini Mortgage Group offers many mortgage products and down payment aid programs. We’re determined to make your dream of owning a home in whatever county you are in North Carolina not just affordable but downright achievable.

Martini Mortgage Group Products – Tailored Just for You!

We’re proud to offer an array of mortgage products designed to fit your unique needs snugly:

Conventional Mortgages: Got a good credit score? Here’s a deal for you – just a 3% down payment to secure your dream home.

FHA Loans: Your dream home is within reach even with a lower credit score. With a down payment of 3.5%, step into your new home easily.

VA Loans: To our brave veterans and their spouses – no down payment required. Your service to our nation makes you more than eligible!

USDA Loans: Living in a rural area? We’ve got you covered with our no-down payment required USDA loans.

Down Payment Aid – Your Homeownership Dream Booster!

Please don’t let a hefty down payment dampen your spirits! We offer you a range of programs to support your dream:

NC Home Advantage Mortgage: Offering up to 3% of the loan as down payment assistance to first-time and upgrade buyers.

NC 1st Home Advantage Down Payment: An incredible $15,000 down payment aid for eligible first-time buyers and military veterans.

NC Home Advantage Tax Credit: Save up to $2,000 in federal taxes annually. Before a home purchase, an approved Mortgage Credit Certificate (MCC) can seal this deal for you!

What is your Next Step? Contact Us!

Ready to turn your homeownership dream into reality? It’s time to contact the Martini Mortgage Group! Not only will we answer all your queries, but we’ll also guide you seamlessly through your home-buying journey. Here’s why you should choose us:

Experience: We’re seasoned mortgage professionals well-versed in the NCHFA programs.

Tailored Help: We’ll help you pick the best mortgage product and down payment assistance program to suit your needs.

Unwavering Support: We’re with you from step one to the last, ensuring a hassle-free homebuying experience.

So, why wait? Reach out to us today and let us propel you towards your dream of homeownership. Let’s make your dream home a reality together!

raleigh mortgage broker logan martini

Martini Mortgage Group – Your Partner in Raleigh Home Financing

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Simplifying the Mortgage Process for Raleigh Homebuyers

Are you searching for the right mortgage lender in Raleigh? Look no further than Martini Mortgage Group. With years of experience in the industry, our team understands the ins and outs of the local market and can help you navigate the mortgage process with ease.

Personalized Solutions

At Martini Mortgage Group, we know that no two homebuyers are the same. That’s why we take a personalized approach to each client, taking the time to understand your unique needs and financial situation. We offer a wide range of mortgage products, from conventional to FHA and VA loans, and can help you find the right fit for your budget and lifestyle.

Streamlined Process

We understand that the mortgage process can be overwhelming. That’s why we’ve streamlined our process to make it as simple and stress-free as possible. Our team will guide you through each step, from pre-approval to closing, ensuring that you understand the process and are comfortable with the decisions you’re making.

Competitive Rates

At Martini Mortgage Group, we’re committed to offering competitive rates to our clients. We work with a wide range of lenders, giving us access to a variety of loan products and rates. Our team will help you compare options and find the best rate for your unique financial situation.

Expert Guidance

Navigating the mortgage process can be challenging, especially for first-time homebuyers. At Martini Mortgage Group, we’re here to provide expert guidance every step of the way. Our team has the knowledge and experience to answer your questions and provide advice that’s tailored to your needs.

Final Thoughts from Raleigh Mortgage Broker Logan Martini

At Martini Mortgage Group, we’re dedicated to helping Raleigh homebuyers achieve their dreams of homeownership. With personalized solutions, a streamlined process, competitive rates, and expert guidance, we’re your trusted partner for home financing. Contact me today to learn more: (919) 238-4934

Homeownership More Accessible and Affordable in Raleigh with New FHA Mortgage Insurance Premium

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Are you in the market for a new home but worried about the cost of mortgage insurance? Well, we’ve got some excellent news for you! The Federal Housing Administration (FHA) has announced a 30 basis point reduction in their mortgage insurance premiums, providing some much-needed relief to homebuyers across the country.

In this special article, Raleigh mortgage broker and Certified Mortgage Advisor Kevin Martini explores the implications of this change and offering valuable insights into what it could mean for both current and future homebuyers, as well as the housing market.

For those who are not familiar with mortgage insurance, it is an insurance policy that protects lenders in case a borrower defaults on their loan. If a borrower defaults, the lender can file a claim with the mortgage insurer to recoup their losses. Mortgage insurance is typically required for borrowers who put down less than 20% on their home purchase, as they are considered to be at a higher risk of default.

FHA loans are designed to help first-time and repeat homebuyers plus those with lower credit scores or smaller down payments qualify for a mortgage. These loans are backed by the Federal Housing Administration and offer several benefits to borrowers, including lower down payment requirements and more relaxed credit score standards. However, they also require borrowers to pay mortgage insurance premiums.

The recent FHA announcement on February 22, 2023 by the FHA to reduce their mortgage insurance premiums by 30 basis points, effective on March 20, 2023, could result in significant savings for FHA borrowers. For example, a borrower with a $200,000 FHA loan who puts down 3.5% could save over $50 per month on their mortgage insurance premiums. Over the life of the loan, this could add up to thousands of dollars in savings.

This reduction in mortgage insurance premiums could make homeownership more accessible and affordable for first-time homebuyers or those with lower incomes who may struggle to afford a larger down payment. Additionally, this change could have positive implications for the overall housing market. By reducing the cost of homeownership, more people may be encouraged to enter the market, leading to increased demand and higher home values.

The Martini Mortgage Group can help you find the right mortgage for your unique situation. Since a FHA loan is not the only option that offers a low down payment, it can be overwhelming to know where to start. Our Raleigh based mortgage strategists are here to guide you through the process, answer all your questions, and ensure that you feel confident and informed every step of the way.

If you’re ready to explore your options and find the perfect mortgage for you, give us a call today. With our expertise and experience, we’ll help you achieve your dream of owning your own home while also saving you money with the reduced mortgage insurance premiums offered by the FHA.