Rising materials costs, supply chain issues, and labor shortages have builders rising to the challenge to meet demand, but the industry has made a positive turn over the last couple of months. If you are ready to buy a home, it’s just a matter of allowing enough time for the setbacks of last year to even out. You can get ready by prequalifying for financing.

Despite the holdups, new home construction is poised for its best two-year performance in 15 years, according to the National Association of Realtors (NAR) president, Lawrence Yun. Though still short of where the industry needs to be in terms of units, the improvements mean a light at the end of the tunnel for those looking to buy a new home. So, now is the time to save your place in line by getting prequalified for a mortgage.

At First United Mortgage, we offer the best mortgage programs in the Greater Dallas Metro area, including FHA, VA, and USDA loans. Here’s a look at the benefits of each product.

FHA loan benefits:

  • Down payments as low as 3.5%.
  • Credit score requirements are more lenient as compared to conventional loans.
  • Refinances and renovation loans are also available.

VA loan benefits:

  • No penalty fee if you pay the loan off early.
  • No private mortgage insurance requirements.
  • Credit score requirements are more lenient as compared to conventional loans.
  • VA may be able to provide some assistance if mortgage payment problems arise.

USDA loan benefits:

  • 100% financing option available
  • Great rates and down payment options
  • More options as compared to a conventional loan
  • Credit score requirements are more lenient as compared to conventional loans

Get Pre-Qualified today!

As the building industry rebounds, now is the time to take advantage of the many loan options First United Mortgage offers potential homeowners. The process is easier than ever before. Get started by calling us today at (972) 569-4667.