4.75%
Term: 30yr
Saint Petersburg, FL
Lender: Bank of America
- Mortgage Amount
$230,000 - Mortgage Payment
$2,331 - Property Type
Single - Closed
12/52024 - Down Payment
$0 - Closing Cost
$0
This is super exciting. I’m getting a house, a beautiful house, honestly, in St. Petersburg, Florida with an interest rate of 4.75%. Which right now I just checked mortgage rates are about at 7% nationwide. So this is like kind of wild that it even exists. When I first heard all the stipulations, I was like, nah, no way. But, you know, no primary mortgage insurance on top of that. No down payment required. Tons of closing fees waived. I had been looking at others in St. Petersburg like Pinellas County home buyer assistance programs. And, you know, they might give you like a 10, 20 grand for down payment. But you get that second mortgage on that place. And it doesn’t do anything for your like mortgage rate. It doesn’t do anything for your primary mortgage insurance. And quite literally this was too good to be true. I wouldn’t have been able to get the specific house I had and probably wouldn’t have been able to get any house without the NACA program. It’s just been kind of I keep saying too good to be true, but like it’s happening. I mean, I just signed all the documents. I know it’s happening. Sme people don’t believe it. But when someone like you who’s really super nice gets a home and gets a great mortgage on it and can afford it and have no problem, that’s worth it. It’s worth everything to me. You know, that’s a big believer in the whole program. . I think it was a colleague from Fortune magazine had just randomly like just basically like had a line that said NACA. And I was like, wait, I don’t know what that is. So this program really I felt like really excited to be able to actually own a home in a place I’ve been living for so long. And this makes me feel a little bit more a part of the community. Thank you.