FVSBlog

In recognition of National Homebuyers Month, FVSBank and the Independent Community Bankers of America (ICBA) are encouraging guests and prospective homeowners to consult their trusted local community banker about how to make the homebuying process easier and more affordable.

“Owning a home is a major financial undertaking and can ben an important component in building generational wealth,” said Andy Kittelson, Chief Lending Officer at FVSBank. “We want to make what can be a protracted and complex process as effortless as possible and can walk you through what to expect to you can assess your needs and find suitable options to finance a home of your own.”

Whether you are refinancing or purchasing your home, FVSBank can help you determine:

1. The ideal loan amount and products to meet your budget considerations. We can review the mortgage process in detail and flag ideal programs and loan features.
2. How mortgage rates, the loan amount, property taxes and insurance premiums affect payments. This will help you set a home budget to help you manage your homeownership expenses.
3. Your rights and obligations under your mortgage contract. Today’s consumers have many financing options – each with unique stipulations outlined in the fine print.
4. Suitable government-sponsored programs. In additional to federal homeownership and home-buying assistance programs, we can recommend state, local government, and specialty programs for consideration.

“For many Americans, homeownership helps establish community ties, create financial stability, and build a nest egg in your golden years,” said ICBA President and CEO Rebeca Romero Rainey. “As relationship lenders, you local community bank can provide a lending hand to help shepherd you through the process and improve your outlook as an informed buyer.