The Return Of The 5% Down Conventional Mortgage To The Ponte Vedra Real Estate Market

I am very happy to see the return of the 5% conventional mortgage to the Ponte Vedra real estate market.  This requires a slightly higher down payment for home buyers, however, it is a cheaper product overall for Jacksonville home buyers.  When it is compared side-by-side to the FHA mortgage which has been the recent favorite for buyers that have less cash, it seems to make a lot more sense.

FHA is a relatively expensive product for  Ponte Vedra real estate buyers.  The recent hikes in PMI rates and terms make it far less attractive if buyers have another option.

If you are considering jumping into the  Ponte Vedra real estate market, let us know.  We’d love to help.  If you don’t have a lender we can provide information about lenders we have worked with in the past for you to get more information about the types of loan programs that may be options for you.

It’s a great time to buy  Ponte Vedra real estate with prices still considerably less than in 2006 and lower interest rates.  904.371.9654 is how to reach us.  🙂