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December 19, 2008
If even the 4 percent interest rates some companies are offering are too high, then check out Bowen Family Homes. The builder just announced that it is offering FHA loans at 2.75 percent. Terms and conditions apply*, of course, one of them being the rate "balloons" to 4.75 percent by year 3. (Remember when you dreamed of a 4.75 percent rate?)
The Federal Housing Administration loans are available at more than 20 of Bowen Family Homes' Atlanta communities on homes that close by Jan. 15, 2009. With 26 single-family and townhome communities located in the most sought-after locations throughout metro Atlanta, Bowen officials say home buyers are sure to find their perfect home.
"Contrary to what many home shoppers currently believe, FHA loans are available to home buyers and interest rates are currently at an all time low," said Steve Palmer, chief financial officer of Bowen Family Homes. "Our top-quality homes showcase the best in today's features and with our affordable prices and this low interest rate offer, now is the perfect time to purchase a home with Bowen Family Homes."
The FHA insures private loans making borrowers' dreams come true by helping them transition into home ownership. Bowen Family Homes' low interest rate offer is based on a full-term 30-year standard FHA loan at a 4.75 percent interest rate and a sales price of $200,000. The first year interest rate is 2.75 percent and second year interest rate is 3.75 percent with years three through 30 at 4.75 percent.
To take advantage of this offer, call 1-877 MY BOWEN for details or contact Bowen Family Homes at mybowen@bowenfamilyhomes.com. For locations and directions to communities in metro Atlanta visit www.bowenfamilyhomes.com
In business since 1969, Bowen Family Homes has operations in Georgia, Florida and Texas. The Atlanta Business Chronicle ranked Bowen Family Homes 6th among metro Atlanta builders in 2006 and 30th among Atlanta's Top 100 Private Companies for 2006. Additionally, Georgia Trend and the Cox Family Enterprise Center at Kennesaw State University named Bowen Family Homes the Georgia Family Business of the Year for medium-sized companies in 2006.
For more information about Bowen Family Homes, call their Atlanta region headquarters at 678-325-4554 or 1-877 MY BOWEN or visit online at www.bowenfamilyhomes.com.
* Terms and Conditions apply. Some qualifying restrictions apply. Offer available through American Home Key Mortgage, 6650 Sugarloaf Parkway, Suite 660 Duluth GA 30097. Buyer may be responsible for paying some closing costs and reserves. Program cannot be combined with other offers. Valid on new contracts only. Offer on inventory homes to close by 1/15/2009. See community sales manager for details. Offer only available in Metro Atlanta.
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