Low Interest Rates: Your Ticket to Affordable Homeownership

At Bishard Homes, we're thrilled to offer you interest rates as low as 5.125%! How do we achieve this? We currently have two different routes for you to utilize in securing below market interest rates. These include 3/5 Adjustable-Rate Mortgages (ARM) and below market Fixed-Rate Mortgages. While an ARM might not be right for everyone, it's an excellent option in many scenarios which we will cover below. If your situation is different, our below market 30-year fixed mortgage rate incentive might be the golden ticket!

We understand that purchasing a new home is a significant investment, and it's essential to make informed decisions regarding your mortgage options. In this blog, we'll dive into the exciting realm of interest rates and explore how our mortgage programs can benefit you.

What is a 3/5 ARM?

A 3/5 ARM mortgage rate, short for "3/5 Adjustable-Rate Mortgage," is a home loan with an initial fixed interest rate for the first three years, after which the rate can adjust up or down.

Why Choose a 3/5 ARM?

Ideal for Short- to Mid-Term Ownership: If you plan to reside in your new Bishard home for the next 8 years or less, a 3/5 ARM might be the perfect match. You'll benefit from the low initial interest rates, which can lead to substantial savings on your monthly mortgage payments.

Potential for Future Savings: With a 3/5 ARM, you can also take advantage of low interest rates now and keep an eye on the market. Should interest rates fall, you have the option to refinance your home, securing an even more favorable rate in the future.

Not a fan of ARMs? Don’t worry! We offer fixed rates too!

At Bishard Homes, we understand that every homeowner's needs are unique. That's why we offer a diverse range of mortgage programs to cater to your specific requirements. In addition to our 3/5 ARM, we provide the following options:

Below Market Rate 30-Year Fixed Mortgages: For those who prefer the stability of a fixed-rate mortgage, we offer competitive rates on 30-year fixed mortgages. This option is perfect for long-term homeowners who want predictability in their monthly payments.

$0 Down Conventional Mortgages: We know that saving for a down payment can be a challenge. That's why we offer $0 down conventional mortgages, making homeownership more accessible and affordable.

Why do we provide these reduced mortgage rates?

When it comes to making a move, the most important thing is to ensure you find the right home that suits your lifestyle. We believe interest rates should not get in the way of your goals. Our low-interest mortgage programs, including the 3/5 ARM, provide flexibility and affordability, giving you more control over your financial future. We’re here to help and want to partner with you in your search for a new home.

Contact us today and let us work together to find the right home and loan program that will allow you to purchase the home of your dreams. Your Bishard home and a bright future await, so reach out to us now, and let's take the first step toward homeownership together.