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It’s a great time for Portsmouth NH home buyers!

Mortgage interest rates just fell to their lowest point in 2017! This week’s rate is 4.08% vs. 3.58% a year ago.

One fact not so widely reported is that requirements to get a mortgage have eased also. The Mortgage Bankers Association (MBA) quantifies the availability of mortgage credit each month with their Mortgage Credit Availability Index (MCAI). The higher the MCAI number, the easier it is to get a mortgage.

At the same time, FICO Score requirements  (the credit score that helps determine a buyer’s eligibility) have been falling over the last five months:

FICO scores to buy a home

That means that buyers with less-than-perfect credit histories now find it easier to qualify for a mortgage than before. We have a couple of great lenders we would be happy to refer you to to find out what sort of mortgage you could qualify for. No cost or obligation for this service.

Visit our special buyer website, today and pick out your new home. The timing is great right now to make owning your own home a reality.

Click here to see and hear what other buyers have said about working with Ann and Jim to find their new home in the New Hampshire Seacoast or southern Maine.

Call us today and let’s get started to find you the perfect home.

Ann Cummings & Jim Lee, REALTORS, 2004 & 2017 NH REALTOR of the year,

Ann Cummings & Jim Lee, REALTORS, Accredited Buyer Representative (ABR)

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