Edina, Minn. - Jan. 29, 2015 – Edina Realty Mortgage and Edina Realty Title have teamed up to offer $250 off a purchase or refinance home loan in the month of February through their “Red Hot Offer” promotion. Edina Realty Mortgage and Edina Realty Title are part of the Edina Realty Home Services family of companies.
“What we refer to as the ‘spring market’ typically begins in February,” said Joe Brown, president of Edina Realty Mortgage. “And with this promotion, we’re capitalizing on a lot of activity, but we’re also offering an incentive to encourage potential buyers and refinancers to take advantage of today’s rates while they’re still at historic lows.”
A highly competitive and increasingly expensive rental market is driving more people into homeownership. The National Association of REALTORS® expects home sales to increase nearly 8 percent while housing prices are also expected to rise another 4 percent.
“We have a very positive housing outlook because the Twin Cities and Minnesota have among the lowest rates of unemployment in the nation,” said Brad Fisher, president of Edina Realty Title. “Our limited time offer is just one of the many great homebuyer incentives currently at work in the marketplace – especially for cash-strapped, but credit worthy first-time homebuyers.”
In addition to low interest rates, low unemployment and high affordability, new government programs from Fannie Mae (available now) and Freddie Mac (available in March) will enable first-time homebuyers to qualify for conventional mortgages with a down payment as low as 3 percent. Additionally, premiums for Federal Housing Administration (FHA) mortgage insurance will be cut from 1.35 percent of a loan's value to about 0.85 percent. This translates to a significant savings for first-time homebuyers.
For more information about the “Red Hot Offer” from Edina Realty Mortgage and Edina Realty Title, visit www.EdinaRealty.com or call Edina Realty Customer Care at 952-928-5563.
HomeServices Lending, LLC, dba Edina Realty Mortgage does not offer loans in all states.
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Edina Realty is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc. It is one of the nation’s largest real estate companies with approximately 60 real estate offices and 2,300 REALTORS® throughout Minnesota and western Wisconsin. Edina Realty's family of companies includes Edina Realty, Edina Realty Title, and Edina Realty Mortgage. Edina Realty closed nearly 29,000 real estate transactions and more than $6.9 billion in sales volume in 2014. For more information, visitwww.edinarealty.com, m.edinarealty.com, or find us on Facebook: facebook.com/EdinaRealty; and Twitter: twitter.com/Edina_Realty