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Jumpstart Your Homeownership Journey with Down Payment Assistance in North Carolina offered by the Martini Mortgage Group

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Are you a first-time homebuyer or planning an upgrade? Are you struggling to pull together that hefty down payment? Say goodbye to your worries because the Martini Mortgage Group is here to help!

Together with the North Carolina Housing Finance Agency (NCHFA), the Martini Mortgage Group offers many mortgage products and down payment aid programs. We’re determined to make your dream of owning a home in whatever county you are in North Carolina not just affordable but downright achievable.

Martini Mortgage Group Products – Tailored Just for You!

We’re proud to offer an array of mortgage products designed to fit your unique needs snugly:

Conventional Mortgages: Got a good credit score? Here’s a deal for you – just a 3% down payment to secure your dream home.

FHA Loans: Your dream home is within reach even with a lower credit score. With a down payment of 3.5%, step into your new home easily.

VA Loans: To our brave veterans and their spouses – no down payment required. Your service to our nation makes you more than eligible!

USDA Loans: Living in a rural area? We’ve got you covered with our no-down payment required USDA loans.

Down Payment Aid – Your Homeownership Dream Booster!

Please don’t let a hefty down payment dampen your spirits! We offer you a range of programs to support your dream:

NC Home Advantage Mortgage: Offering up to 3% of the loan as down payment assistance to first-time and upgrade buyers.

NC 1st Home Advantage Down Payment: An incredible $15,000 down payment aid for eligible first-time buyers and military veterans.

NC Home Advantage Tax Credit: Save up to $2,000 in federal taxes annually. Before a home purchase, an approved Mortgage Credit Certificate (MCC) can seal this deal for you!

What is your Next Step? Contact Us!

Ready to turn your homeownership dream into reality? It’s time to contact the Martini Mortgage Group! Not only will we answer all your queries, but we’ll also guide you seamlessly through your home-buying journey. Here’s why you should choose us:

Experience: We’re seasoned mortgage professionals well-versed in the NCHFA programs.

Tailored Help: We’ll help you pick the best mortgage product and down payment assistance program to suit your needs.

Unwavering Support: We’re with you from step one to the last, ensuring a hassle-free homebuying experience.

So, why wait? Reach out to us today and let us propel you towards your dream of homeownership. Let’s make your dream home a reality together!

raleigh mortgage broker logan martini

The Ultimate Home Buying and Mortgage Guide: Martini Buyer Guide Spring 2023 Edition | Martini Mortgage Group

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If you’re in the market to purchase a home, whether for the first time or not, there are several crucial factors to consider before you make your purchase. The process can be overwhelming and confusing, but fortunately, Kevin Martini, a certified mortgage advisor and Raleigh mortgage broker, along with Logan Martini, a senior mortgage strategist, have created the Martini Buyer Guide, the ultimate home buying and mortgage resource.

The Spring 2023 edition of the Martini Buyer Guide was created to provide a straightforward explanation of the current real estate and mortgage markets. It features informative articles that address crucial aspects of home buying and mortgage application processes, and it’s the perfect guide for anyone who wants to stay up-to-date on what’s happening in the real estate market.

The Martini Mortgage Group’s Guide to Buying a Home and Getting a Mortgage

The Spring 2023 Martini Buyer Guide was curated to simply explain what is going on in the real estate and mortgage markets.

Senior Mortgage Strategist and Raleigh Mortgage Broker Logan Martini
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the ultimate home buying and mortgage guide martini buyer guide spring 2023 edition martini mortgage group

A Glimpse of some Content of the Ultimate Home Buying and Mortgage Guide

What’s Happening in the Housing Market?

The housing market is continuously changing, and it’s essential to keep up with the latest trends, particularly if you’re planning to buy a home this spring. Two critical points to consider are Raleigh mortgage rates and home prices. The Martini Buyer Guide’s article, which starts on page 3, provides more details on these two essential factors.

Using the 4 Stages of Homebuyer Demand to YOUR Benefit

To make the most of your home-buying experience, you need to understand the 4 stages of buyer demand. The Martini Buyer Guide’s article, which starts on page 6, explains these stages and provides insights on how to use them to your advantage. If you want to learn more about this topic, tune in to episode 173 of the Martini Mortgage Podcast, available on all streaming services.

How the Supply of Homes For Sale is Changing

One of the biggest challenges in the housing market today is the low number of homes for sale. However, there are more options available now than there were at this time last year. The Martini Buyer Guide’s article, which starts on page 7, explains what this means for homebuyers.

What Past Recessions Tell Us About the Housing Market and Raleigh Mortgage Rates

Many people are wondering what a recession could mean for home values and mortgage rates. The Martini Buyer Guide’s article, which starts on page 11, provides insights into what past recessions tell us about the housing market and Raleigh mortgage rates.

First-Time Homebuyer Tax Credit

If you’re a first-time homebuyer in North Carolina, you may be eligible to save up to $2,000 a year with the Mortgage Credit Certificate (MCC) offered by the Martini Mortgage Group in partnership with North Carolina Housing and Finance Agency (NCHFA). This tax credit is not just for the first year; it’s up to $2,000 every year as long as the home remains your primary residence. 

5 Traps to Avoid When Buying A Home

Buying a home is a significant investment, and it’s important to avoid common mistakes that could cost you in the long run. The Martini Buyer Guide’s article, which starts on page 19 of the Spring 2023 edition, provides valuable insights on five traps to avoid when buying a home.

Things to Avoid After Applying for a Mortgage

Once you’ve found the right home and applied for a mortgage, there are specific things you should avoid doing before closing on your home. Any blip in income, assets, or credit should be reviewed and executed in a way that ensures your home loan can still be approved. The Martini Buyer Guide’s article, which starts on page 24, provides more information on what to avoid after applying for a mortgage.

Martini Buyer Guide | Spring 2023 Edition

The-Ultimate-Home-Buying-and-Mortgage-Guide-Martini-Buyer-Guide-Spring-2023-Edition-Martini-Mortgage-GroupDownload
Let’s Connect

I’m sure you have questions and thoughts about securing the proper mortgage with the lowest cost of borrowing and real estate process. We’d love to talk with you about what you’ve read in the Spring 2023 Edition of the Martini Buyer Guide and help you on the path to buying your new home. Our number is (919) 238-4934 and we look forward to working with you.

logan martini

Logan Martini


Senior Mortgage Strategist | NMLS 1591485

Logan@MartiniMortgageGroup.com

    kevin martini best raleigh mortgage broker

    Kevin Martini

    Certified Mortgage Advisor | NMLS 143962

    Kevin@MartiniMortgageGroup.com

      Homeownership More Accessible and Affordable in Raleigh with New FHA Mortgage Insurance Premium

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      Are you in the market for a new home but worried about the cost of mortgage insurance? Well, we’ve got some excellent news for you! The Federal Housing Administration (FHA) has announced a 30 basis point reduction in their mortgage insurance premiums, providing some much-needed relief to homebuyers across the country.

      In this special article, Raleigh mortgage broker and Certified Mortgage Advisor Kevin Martini explores the implications of this change and offering valuable insights into what it could mean for both current and future homebuyers, as well as the housing market.

      For those who are not familiar with mortgage insurance, it is an insurance policy that protects lenders in case a borrower defaults on their loan. If a borrower defaults, the lender can file a claim with the mortgage insurer to recoup their losses. Mortgage insurance is typically required for borrowers who put down less than 20% on their home purchase, as they are considered to be at a higher risk of default.

      FHA loans are designed to help first-time and repeat homebuyers plus those with lower credit scores or smaller down payments qualify for a mortgage. These loans are backed by the Federal Housing Administration and offer several benefits to borrowers, including lower down payment requirements and more relaxed credit score standards. However, they also require borrowers to pay mortgage insurance premiums.

      The recent FHA announcement on February 22, 2023 by the FHA to reduce their mortgage insurance premiums by 30 basis points, effective on March 20, 2023, could result in significant savings for FHA borrowers. For example, a borrower with a $200,000 FHA loan who puts down 3.5% could save over $50 per month on their mortgage insurance premiums. Over the life of the loan, this could add up to thousands of dollars in savings.

      This reduction in mortgage insurance premiums could make homeownership more accessible and affordable for first-time homebuyers or those with lower incomes who may struggle to afford a larger down payment. Additionally, this change could have positive implications for the overall housing market. By reducing the cost of homeownership, more people may be encouraged to enter the market, leading to increased demand and higher home values.

      The Martini Mortgage Group can help you find the right mortgage for your unique situation. Since a FHA loan is not the only option that offers a low down payment, it can be overwhelming to know where to start. Our Raleigh based mortgage strategists are here to guide you through the process, answer all your questions, and ensure that you feel confident and informed every step of the way.

      If you’re ready to explore your options and find the perfect mortgage for you, give us a call today. With our expertise and experience, we’ll help you achieve your dream of owning your own home while also saving you money with the reduced mortgage insurance premiums offered by the FHA.