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Why Now is a Good Time to Buy a Home

November 30, 2020

Couple after buying a new home through Homestead Financial

Get Approved for a Low-Interest Home Loan from a Midwest Mortgage Lender

Buying a house should not be the furthest thing from your mind right now in the middle of this crazy year! Especially if you’re well-qualified, it is actually the best time to buy a home for yourself and your family!

Between low interest rates, social distancing, and the perfect “moving weather,” you can quickly get a pre-approval from a mortgage lender today and be ready to find your dream home with the real estate agent of your choice.

Missouri, Illinois, and Kansas residents – plus the residents of seven other states we serve – turn to Homestead Financial Mortgage for all of their home-buying and mortgage-refinancing needs. We’ve been around for decades, and for good reason, too. Homestead Financial Mortgage has trustworthy, friendly, competent, and amicable mortgage professionals ready to help you grab your own piece of the American dream with conventional home loans, plus FHA loans, VA loans, and USDA loans with low down-payment requirements.

Why is Now a Good Time to Take Out a Mortgage?

Now is the best time to buy a home, and using Homestead Financial Mortgage as your mortgage lender is the way to go if you’re a resident of Arkansas, Colorado, Florida, Illinois, Indiana, Kansas, Missouri, Ohio, Tennessee, or Texas. The experts at Homestead Financial know that shopping for homes is stressful but the buying process is harder without someone by your side. The Homestead Financial professionals are ready to help you purchase the home of your dreams right now. Taking out a mortgage today gets you an array of great benefits.

Get Low Mortgage Interest Rates

Mortgage rates dropped due to a change in the economy spurred by the coronavirus pandemic, and home loan interest is at a record low. According to industry experts, the competitively low interest rates will remain through at least the end of 2020; however, there is never a guarantee of this, so you should move quickly with the mortgage lender of your choice if you’re looking to buy a new home. You can find interest rates as low as 2.25% through us. Lock in a low interest rate with Homestead Financial Mortgage today. 

Become a Well-Qualified Buyer

The current housing market is quite competitive for buyers. Because mortgage interest rates are low, well-qualified buyers are dominating the housing market. A well-qualified buyer has a good credit score, a steady income, a down payment, and a mortgage pre-approval. You can become a well-qualified buyer by saving up a down payment – preferably 20 percent of the purchase price, but there are lots of options for lower down payments – working with a real estate agent, and making serious offers on homes you like.

Move into Your New Home Before Winter Hits

Moving in the Midwest during the summer season or winter season is not ideal. Fall is the perfect season for your relocation. The weather right now in the fall usually is a comfortable temperature, and waiting until winter makes the moving process hard on everyone involved.

Being cozy in your new home before winter hits is something to look forward to.

When you start the home-buying process today, you can close on your dream home before the first signs of winter hit your state, and living in a new home before the holidays is certainly something most people will appreciate. 

Spend the Holidays in Your New Home

Spending the holidays in your own home and free from the stress of relocation is something to look forward to after purchasing your new home. To close before major holidays, you’ll need to contact a mortgage lender like Homestead Financial today to get started on your pre-approval and give you plenty of time to find your new home.

Most home closings take at least 30 days from the accepted offer, so if you count the days backwards from your preferred winter holiday, that’s the last possible date you can get your offer accepted and own your house before your celebrations begin.

Live in Your Own Oasis in These Unprecedented Times

Let’s face it: a global pandemic makes it a strange time to be living in the United States. Homeowners find that their spaces become an oasis of tranquility, and the privacy they need is attainable in their own homes right now.

Owning a home you love makes it much less stressful to social-distance of self-quarantine, and a home upgrade can give you and your family the space you need to live together more peacefully now that most people are at home for greater parts of their days. Contacting Homestead Financial to take out a low-interest home loan right now is the first step to take if you’re seeking the peace and comfort of your own oasis.

How Do I Get Pre-Approved for a Mortgage?

It seems like a complicated thing, but getting pre-approved for a mortgage is actually very simple! Your first task is to contact Homestead Financial today to talk to a loan officer. The loan officer will ask you some questions about your income, your assets, and the type of home you’re looking to buy. Then, they will let you know whether you are pre-approved for a mortgage, and how much you’re pre-approved to spend on your new home.

Pre-approvals are free and help you present as a serious buyer when you’re ready to make an offer on the home of your dreams in a seller’s market. Once you’ve found a home you love, put in an offer, and had it accepted, your loan officer will work to finalize the terms of your mortgage and home loan interest rates. If you ever have any questions about the process or what is expected of you, turn to your loan officer for more information.

Call Your Mortgage Lender Today!

If you’re ready to find your dream home, contact us at Homestead Financial Mortgage, either online or over the phone. Although Homestead Financial Mortgage has physical offices in Chesterfield, Missouri; Overland Park, KS; and Glen Carbon and Godfrey, Illinois, we serve homebuyers in 10 states.

Call the location of your choice today to get started.

14897 Clayton Rd, Chesterfield, MO 63017  | (636) 271-4663

8585 College Blvd #110, Overland Park, KS 66210 | (913) 317-1000

4215 IL-159, Glen Carbon, IL 62034 | 618-288-7904

3005 Godfrey Rd Ste A, Godfrey, IL 62035 | (618) 980-3860

"By being open and recognizing our strengths and weaknesses, we can see opportunities for growth and ways to help each other."

- CEO, Jayson Hardie on Growth

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