What are the pros and cons of buying a new construction home?

Apr 22, 2024 ... 70 percent of all mortgage holders had rates more than three percentage points below what the market would offer them if they tried to take out a new loan. On 26 April 2025, the current average mortgage interest rate on a 2 year fixed rate mortgage at 60% LTV was 4.11%. In comparison, the best rate on a 2 year ... Here are today's average interest rates for a 30-year fixed, 15-year fixed and 5/1 adjustable-rate mortgage. Great Rates and Great Programs. GreenState offers a variety of loan programs including fixed-rate and adjustable loans to meet your needs. We have programs ... Depending on your financial situation, one term may be better for you than the other. With a 30-year fixed-rate mortgage, you have a lower monthly payment but ... Discover what a good credit score to buy a house is and how it affects your mortgage options. Learn tips to improve your score to become a homeowner. 6 min read ... • A freely negotiable fixed interest rate competitive with conventional mortgage interest rates; ... Home loan entitlement is generally good until used. Good Neighbor · No money down! Up to 100% financing without private mortgage insurance (PMI) · $500 closing cost credit · Mortgage rate will be discounted by .50% ... Apr 27, 2023 ... The new fees are slightly more expensive for some borrowers with good credit, and slightly less expensive for some borrowers with less-than-perfect credit. Learn about different types of ARMs, when an ARM may be a good option, and when to think about refinancing.