Cornell Homes is known as one of the best home builders DE, PA, and NJ.   Taking advantage of the low interest rates and FHA financing today only makes sense. You will be able to get a larger home for your money if you purchase before the rates go up and the FHA financing changes in October. Currently, interest rates are lower than they were in 1950s and FHA loans have made it possible to purchase a home with as little as 3.5% downpayment.  FHA loans have grown in popularity over the last few years and they are getting ready to make some changes that can really affect you purchasing a new home.  While Cornell Homes focuses on building new homes PA, new homes DE, and NJ, it is going to affect all future homeowners across the country.   As of October 4^th, the upfront funding fee will decrease from 2.25% to 1%, but the monthly mortgage insurance factor will increase from .55% to .90% annually.  This can make a big difference in the monthly obligation that you must pay to your mortgage company.  If you are looking to purchase a new home, the time to act is now. The best part about buying a new home now is that you could possibly be in before the holidays that are quickly approaching.

 Please visit one of the Cornell Sales Centers located in prime locations throughout PA, DE and NJ so that you can get more information about purchasing a new home today!!

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