While 2020 has been a challenging year, there are still plenty of reasons to celebrate Homeownership Month this June. If your goal is to buy your first home this year, at Stearns, we’re still offering a wide variety of home loan programs to finance home purchases, but we’ve made the whole process safer and are working overtime to get you into your home sooner.
Shelter in your own place
If your experience with “sheltering in place” in a make-do rental home has convinced you to fast-track your buying plans, you’re not alone1
. Builders and real estate agents across the nation have been reporting a rise in interested buyers during the last months. For example, this number rose by 10% during one week in April, even with safety quarantines and lockdowns in place.
In addition to safer social distancing, homeownership can provide a dedicated home office, a private open space for relaxing outdoors, your own laundry room, and a kitchen equipped with more than rental-quality appliances.
Check out your financing options
No matter what type of property you’ve set your sights on, we can help you research your financing options and choose the best one. We know that many first-time homebuyers struggle to save for a down payment, so we offer low down payment home loans, and if you’re a military veteran, a reservist, or still in active duty, you may qualify for a VA loan with no down payment requirement2
If you’re concerned that your household income may be too low to qualify for a loan, or if you don’t have the funds for a down payment, you may qualify for state, county, or city down payment assistance programs3
. Your Stearns Loan Originator can identify these programs and review the eligibility requirements with you.
While many of these programs have no employment restrictions, some are designed to assist teachers, first responders, and others who vital services purchase a home in their community. If you work in one of these professions, you deserve the special incentives these programs offer.
If you’re concerned about social distancing while shopping for mortgage financing, we have you covered there, too. Stearns offers several options that make it easy for you to apply for a loan without leaving home.
For example, you can apply online with your computer, tablet, or mobile phone with our mobile app. You’ll appreciate how we leave out the mortgage-speak acronyms, and explain everything in everyday language.
Strong history. Bold future.
Since we first opened our doors 30 years ago with our “I can help you” mission, we have helped over 915,000 individuals and families finance their homes. We do this by taking a different, customer-centric approach to lending. But don’t take our word for it. Over 17,490 satisfied homebuyers have given Stearns Lending an average 4.9/5 rating for their mortgage experience through Social Survey. See what people are saying about Stearns Lending on Social Survey.
Stearns Lending, LLC is licensed in 49 U.S. states (excluding New York), including the District of Columbia, and we’ve been consistently ranked as one of the Top Mortgage Companies in America by Mortgage Executive Magazine, so you know you’re in good hands.
Not quite ready to apply? Got some questions? Contact us to arrange an informal, friendly discussion with a licensed Stearns Loan Originator
. We have the experience to help you overcome obstacles, make responsible financing decisions, and make homeownership a reality for you in 2020.
1 – “Homebuilders suddenly see sales jump as renters flee small urban apartments
,” CNBC, April 27, 2020
2 - With full entitlement.
3 - Income limitations and state specific guidelines apply.
Jun 03, 2020