Wells Fargo Mortgage Rates Low—Will Homebuyer Tax Credit Prompt More To Buy?

Wells Fargo is one of the top lenders in the country who is offering low mortgage rates to homebuyers.  Currently, if you qualify, a homebuyer is able to get a mortgage for under 5% and in some cases as low as 4.75% on a 30-year fixed rate mortgage.  This is not only a good interest rate but it can bring a low, affordable mortgage payment as well.

Also, someone looking to get a mortgage through Wells Fargo, as well as other lenders, is able to take advantage of the first-time homebuyer tax credit or the repeat homebuyer tax credit.  These credits range up to $8,000 for first-time buyers and $6,500 for repeat homebuyers.  Incentives like the tax credit and low interest rates are bringing homeowners into the housing market that normally wouldn’t have given buying a house a second thought.

Home prices have fallen over the last year; so many people are also using low prices, along with the tax credit and low interest rates to look into buying a home through lenders like Wells Fargo.

If you are considering buying a home remember that you don’t have to limit yourself to one lender.  Rather look at multiple lenders and make sure you can lock in the best rate possible on a home.  Also, be sure you are financially able to afford the costs that come with buying a home and make sure that jumping into the housing market is affordable and in your best interest.