MileStone Has Special Rates as Low as 3.375%

Embarking on the journey of homeownership is an exciting milestone, and choosing the right mortgage can make all the difference. During our special limited-time Red, White, and New Promo, we’ve tailored a selection of mortgage options to fit diverse financial needs and goals. Whether you’re looking for stability, lower initial payments, or a plan that adjusts to your future, our range of loans is designed to provide you with the flexibility and support you need. MileStone understands that each homebuyer’s needs and goals are unique, so we invite you to contact us today to speak to a loan expert to discuss which loan option is best for you!

FHA Fixed Rate Loan at 4.85%

Choosing an FHA Fixed Rate Loan at 4.85% assures stable and predictable monthly payments throughout your mortgage. This type of loan is particularly suitable for first-time home buyers, as it offers easier qualification criteria regarding credit scores and down payments. By securing a fixed rate, you are protected against future interest rate increases, which can make budgeting easier and give you peace of mind.

FHA 2/1 Buy Down at 3.375%

The FHA 2/1 Buy Down begins with a reduced interest rate of 3.375% for the first two years, significantly easing your initial mortgage payments. This thoughtful design is perfect for anyone seeking financial flexibility in the early years of homeownership. The lower payments at the start provide a comfortable adjustment period as you settle into your new home. As the rate adjusts after two years to a regular FHA loan rate, you’ll find yourself well-prepared to manage the transition, allowing you to plan your financial future with confidence and stability.

Browse FHA-Eligible Communities

Conventional Fixed Rate Loan at 5.25%

A Conventional Fixed Rate Loan at 5.25% offers the benefit of a constant interest rate for the life of the loan. This predictability is invaluable for long-term financial planning, as it ensures that your mortgage payments will not change over time. Additionally, by choosing a conventional loan, you typically benefit from higher borrowing limits and the potential to build equity in your property faster. This is a strong option for buyers who expect to stay in their homes for many years and prefer stability in their payment schedule.

Conventional 2/1 Buy Down at 4.375%

The Conventional 2/1 Buy Down offers an appealing starting interest rate of 4.375% for the initial two years, providing a gentler entry into home ownership by lowering your initial mortgage payments. After this period, the interest rate transitions to a standard conventional loan rate. This gradual adjustment offers a comfortable pathway to accommodate your evolving financial landscape, ensuring that you can plan your finances with confidence and ease.

Explore Your Financing Options with Our Easy-to-Use Calculator

Navigating your mortgage options doesn’t have to be complicated. Simplify your decision-making process by using a Mortgage Calculator provided by Mission Mortgage. This tool will help you estimate your monthly payments, experiment with different interest rates, and plan your budget efficiently.

Try The Mortgage Calculator Now!

Browse available homes in your area.

Disclaimer Info:

3.375% rate (6.968% APR) is based on a FHA 2/1 temporary buydown. Year 1 payment is based on a rate of 3.375%, year 2 payment based upon a rate of 4.875% and adjusts to the full payment at the note rate of 5.875% in years 3-30. FHA rate scenarios are for a primary residence, 3.5% down payment, 720 FICO score. 5.25 % rate (5.812% APR) is for a fixed 30 year Conventional loan. Conventional rate scenarios are for a primary residence, 20% down payment, 780 FICO score. Rates are based upon seller contributing 3% of sales price towards buyer’s rate buy down. Seller rate incentive valid only with Mission Mortgage of Texas NMLS 207583. Special rate incentive offered in select communities on quick close homes, must contract on or after June 1, 2024 and close on or before July 31, 2024. Actual cost for rate may vary depending on market conditions or borrower profile. See sales agent for more details. Rate subject to change, valid as of June 1, 2024.

Posted by milestone in Announcements, Education, Promotions

comment on this post:

Your email address will not be published. Required fields are marked *