Skip to main content

"Cold Listing" Finance Options

 Is Your Listing Not Getting the Attention It Deserves?

Every property has its story—and every seller has unique circumstances. If your home isn’t generating the interest you expected, it’s time to explore your options and make your listing stand out in today’s competitive market.

Seller-Assisted Buydowns: A Powerful Tool

Ask your local agent about seller-assisted buydowns—these can lower the buyer’s mortgage interest rate and reduce monthly payments, making your property more attractive.

Consider Seller-Financed Single Premium Mortgage Insurance

  • This is a one-time lump sum payment of mortgage insurance paid by the seller as an incentive for buyers.

  • Many buyers struggle to come up with the 20% down payment needed to avoid mortgage insurance.

  • By covering this cost upfront, you free buyers from worrying about additional monthly PMI fees, allowing them to afford more and boosting your chances of a sale.

Buydown Options Explained

  • Permanent Buydown: Seller finances discount points to lower the lifetime interest rate of the loan.

  • Temporary Buydown: Options like a 3/2/1 buydown temporarily reduce the interest rate—3% lower the first year, 2% the second, then 1% the third. This is usually a seller-financed incentive.

Smaller temporary buydowns like 2/1 or 1/0 can be financed by either the buyer or seller, adding flexibility.

Combination Mortgage Strategies

Sometimes, a structured mortgage is the best solution to avoid private mortgage insurance (PMI) or jumbo loan restrictions.

  • Example 1:
    Home price = $100,000
    Buyer down payment = 10% ($10,000)
    First mortgage = 80% ($80,000)
    Second mortgage or HELOC = 10% ($10,000)
    This avoids PMI while meeting financing needs.

  • Example 2:
    Home price = $1,000,000
    Buyer down payment = 10% ($100,000)
    First mortgage = $647,200
    Second mortgage/HELOC = $252,800
    This helps buyers navigate jumbo loan requirements.

Special Programs for Physicians

The first 10 years after earning a medical degree can be financially challenging. Luckily, there are mortgage options with:

  • No down payment needed

  • Loan amounts up to $900,000

  • No PMI requirements

Next Steps

Speak with your trusted real estate professional to learn which financing options best fit your unique situation. The right lender can make all the difference in turning your listing into a successful sale.

Would you like help connecting with lenders who specialize in these programs? Just ask—I’m here to help!

Comments

Post a Comment

Popular posts from this blog

Rental Options in East York & Red Lion

Discover a wide range of rental homes tailored to fit various lifestyles and budgets in East York and nearby Red Lion. Whether you're searching for a cozy one-bedroom apartment or a spacious three-bedroom townhome, there's something here for everyone. 📍 East York Springett’s Apartments 📍 50 Eisenhower Dr, York, PA 17402 1- and 2-bedroom level apartments 🔗 manorcommunities.com Suburban Park Apartments 📍 2685 Carnegie Rd, East York, PA 17402 1- and 2-bedroom apartments 🔗 liveatsuburbanpark.com Fallbrook Flats 📍 3889 E Market St, York, PA 17402 1-, 2-, and 3-bedroom apartments 🔗 jcmliving.com The Apartments at Waterford 📍 200 Governors Pl, York, PA 17402 Modern layouts with 1- to 3-bedroom options 🔗 waterford.theapartmentgallery.com Hillside Apartments 📍 1927 Queenswood Dr, York, PA 17403 1- and 2-bedroom apartments 🔗 theapartmentgallery.com/hillside-apartments East Breeze Apartments 📍 21-23 S Northern Way, York, PA 17402 1- and 2-bedroom apartments ...
Post a Comment
Read more

How to Obtain a Pennsylvania Driver’s License (For Foreign Nationals)

Whether you're a resident foreign national or visiting from another country, here is the updated step-by-step process to get your PA driver’s license or legally drive in Pennsylvania. Driving in PA as a Visitor from Another Country Check if your country has a Driver License Foreign Reciprocity Agreement with Pennsylvania. If yes , you may be able to convert your foreign license without taking the knowledge or road tests . If no , you are legally permitted to drive in PA for up to 30 days using your valid foreign driver’s license before you need to get a PA license. Step 1: Study the PA Driver’s Manual Review the manual carefully to prepare for the knowledge test. Language options and a study app are available to assist you. 👉 Get a Driver's License | Commonwealth of Pennsylvania Step 2: Complete Form DL-180 This form is a physician certification verifying your physical ability to drive. You must have it filled out by a licensed physician. Available ...
Post a Comment
Read more

Understanding Property Tax Disbursement From Escrow: What Every Homeowner Should Know

  By Katelyn Mayer, Realtor If you’re a homeowner—or thinking about becoming one—understanding how property taxes are paid can save you stress and help you manage your budget better. One of the most common questions I get from clients is: “How does my lender pay my property taxes, and what is this escrow thing all about?” Let’s break it down. What Is an Escrow Account? When you buy a home with a mortgage, your lender often requires an escrow account. This is basically a special savings account that holds money collected each month from you to pay for certain expenses—most commonly, property taxes and homeowners insurance. Instead of paying your tax bill in one lump sum once or twice a year, your lender collects a bit every month and pays the taxing authority on your behalf. This system can make budgeting easier, so you don’t have to worry about coming up with thousands of dollars all at once. How Does It Work? Let’s say your annual property tax bill is $6,000. Your lender wi...
Post a Comment
Read more