Southern Indiana Mortgage Lender Nathan Soliday is excited to announce that his mortgage team has helped nearly 100 clients & their families purchase a home over the past several months. Soliday says the focus of his team is to help current renters purchase a home with a low down payment, or in some cases no down payment.
“We are fortunate in Southern Indiana to have several loan options available for home buyers,” Soliday says. “The job market in our area is strong right now and many prospective home buyers have the income to qualify for a home loan, but may not have a lot of money set aside for a down payment. With the Indiana Housing and USDA/Rural Development programs that we offer, it can help solve this problem for buyers. These programs offer a zero down payment option and in some cases the credit score requirement can go down to the low 600’s.”
Soliday says that the hyper-active Southern Indiana housing market has shown very few signs of slowing down this summer and that the real estate inventory continues to stay low in most areas. “For the past couple of years the home buyer market has been very competitive. Many home sellers and their agents are receiving offers on their homes within hours of it hitting the market, and in many cases offers are coming in for more than the original asking price for the home.”
“With the market so competitive home buyers want to be sure to use a qualified Real Estate agent to help them buy their dream home. There are so many great agents in the Southern Indiana market that know how to make sure that your offer not only gets noticed, but also can get a strong consideration as the winning bid. Don’t hesitate to contact a real estate agent, in most cases it will not cost the buyers a dime as agents are typically paid by the seller of the home,” the 18 year mortgage veteran says.
Nathan says that another way to be sure that you have the best chance for your offer to be considered is to get preapproved by a reputable mortgage lender before shopping for a home to know what you can qualify for. One thing that his team offers is full underwriting for your file before you find a home so that a buyer can closer quicker and with fewer challenges.
“Our team is fortunate to be supported by a full team of underwriters who understands the challenges of the local market. Instead of doing a simple prequalification for a buyer our underwriters take the time to fully vet a file before issuing the preapproval letter. This is a very important point for your real estate agent to point out to the seller in a way to reassure the seller that if they accept your offer – you have the capacity to close on the contract in a timely manner.”
“Our goal is to help another 100 clients purchase a home in the next 9 months, so if you would like more information how you can qualify be sure to call our office or visit our website at http://www.SouthernIndianaMortgage.com and we will be happy to help walk you through every stage of the home buying process.”
If you would like to learn more about getting preapproved to buy a Southern Indiana/Kentucky home you can contact Success Mortgage Partners at 812-620-6239 or online at http://www.SouthernIndianaMortgage.com
Nathan Soliday Contact Information:
Nathan Soliday, NMLS #166402
Success Mortgage Partners, NMLS #130562
190 W Becks Mill Road, Suite K
Salem, IN 47167
Equal Housing Lender