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Percentage of Millennial Home Buyers Planning to Buy in 2014

Are you a Millennial Home Buyer that's planning on purchasing a home in 2014? According to a recent Plute Group survey of Millennial Home Buyers over 85% plan to purchase a home in the near future. With over 49% planning on purchasing a home within the next 2 years! Check out the info graphic below with some other statistics. If you would like more info on programs available to first time home buyers give us a call today. 

April 17th, 2014 | 1st time home buyer, 1st time home buyer home loan, 1st time home buyer home mortgage, 1st time home buyer program, 1st time home buyer loan, millennial home buyers, first time home buyers, first time home buyer, Percentage of Millennial Home Buyers Planning to Buy in 2014

How do 1st time homebuyers get the downpayment

According to the National Association of Realtors 2013  survey of First Time Home Buyers, the most common ways that homebuyers came up with the downpayment needed to buy a home was cutting down luxury spending. Cutting down entertainment spending was close 2nd. Below is infographic breaking down the rest of the items the buyers surveyed cut down on to make there homeownership dreams come true. Even if you are thinking about getting a zero down first time home buyers loan, it is probably very wise to start saving up some reserves to cover any moving costs or closing costs that yo...

March 11th, 2014 | 1st time home buyer, 1st time home buyer home loan, 1st time home buyer home mortgage, 1st time home buyer loan, 1st time home buyer program, first time home buyer mortgage, first time home buyer, zero down mortgage, Infographic , mortgage, home loan, How do 1st time homebuyers get the downpayment

First Time Home Buyers Downpayment Sources

According to a recent NAR (National Association of Realtors) Home Buyers & Home Sellers profile survey for 2013, here are the most common sources First Time Home Buyers used for the down payment on there new home purchases. Looks like savings is still the largest component. What's odd is that 7% of borrowers actually said they received a loan from a friend or family member for the down payment. The bad part of that is that lenders do not allow loans for the down payment... Some borrowers are also taking advantage of zero down programs like the USDA home loan & govern...

March 9th, 2014 | Infographic , 1st time home buyer, 1st time home buyer program, 1st time home buyer home mortgage, 1st time home buyer loan, first time home buyer, first time home buyer program, 1st time home buyer home loan, First Time Home Buyers Downpayment Sources

Should First Time Home Buyers Get a Zero Down Loan

There are all sorts of home loan programs out there, including zero down, no down payment, or 100% financing mortgages. Buying a home without having to come up with a down payment (usually worth tens of thousands of dollars) sounds like a pretty nice deal. The question is: Is it really a safe mortgage loan? Will it put you at greater financial risk than a traditional loan plus down payment would?  As with most things in life the answer is: it depends. This type of loan program may or may not be a safe venture based on your personal financial circumstances and your motives for wanti...

February 25th, 2014 | 1st time home buyer, 1st time home buyer loan, 1st time home buyer home loan, 1st time home buyer program, 1st time home buyer home mortgage, first time home buyer, first time home buyer mortgage, first time home buyer program, home loan, mortgage, no money down, no money down mortgage, zero down mortgage, Should First Time Home Buyers Get a Zero Down Loan

Mortgage Options For First Time Home Buyers

If your thinking about purchasing your first home it can be little overwhelming trying to decipher threw all the programs available for a 1st time buyer. This blog post is aimed at walking you threw some of the things to consider as well as the mortgage options available for buyers in today’s mortgage market.   Unless you're veteran most First time home buyers basically have three mortgage programs to choose from, we will go over each program and talk about the pros and cons of each:   USDA Rural Development Mortgage “Zero Down RD Loan” T...

January 29th, 2014 | mortgage, home loan, 1st time home buyer, first time home buyer program, 1st time home buyer program, 1st time home buyer loan, 1st time home buyer home loan, 1st time home buyer home mortgage, mortgage Tulsa, mortgage Oklahoma, Home Mortgage, Mortgage Options For First Time Home Buyers

ZFG Mortgage

6670 S. Lewis Ave # 200
Tulsa, Oklahoma 74136

Phone: 918-459-6530

Fax: 918-459-6535

NMLS: 193207