Programs are available for home buyers and builders. In this article we will feature Foyer and Lock It & List It.
New Economic Data
Economic data was released earlier this month that revealed weakening conditions. Subsequently, Movement Mortgage posted a market update stating: “While these events have exerted downward pressure on yields, it is important to remember that we still have numerous geopolitical issues and the looming possibility of a government shutdown. “
Since the economic data release, treasury yields have fallen. This may allow the Feds to stop hiking interest rates.
With so much turbulence in our real estate market, it’s important to know about programs that support buyers and builders.
Foyer
Inman recently highlighted a start-up company named Foyer as the 401(k) for homeownership. Foyer helps first-time homebuyers with a savings program. The savings program is FDIC insured and helps with homebuyer tax advantages. It is also offering a 4.51% interest rate and a 1% down payment match, according to their website.
Lock It & List It
Movement Mortgage is offering a new program called Lock It & List It. According to the article, this program “allows builders to buy down and/or lock in rates for their properties. The program enables them to offer competitive rates and closing cost assistance, ultimately setting their homes apart in a competitive market. Buyers, in turn, benefit from rate confidence”.
We will continue to share programs that may aid you in your real estate goals. There are increasingly more creative options.
Fluid Realty:
The Fluid Realty Team is Jacksonville’s top real estate group and local boutique brokerage. We provide a full-service experience with the best realtors in the area. Our expertise includes luxury beach real estate within the four Beaches of Jacksonville, FL: Atlantic Beach, Neptune Beach, Jacksonville Beach, and Ponte Vedra Beach. Reach out to us today.
