Jun
01

Low Interest Rates and Incentives on New McHenry County Real Estate

June 01, 2011

As of today, mortgage rates have most likely hit their lowest point for 2011. Buyers are already taking advantage of 30-year fixed rate loans for as low as 4.5 percent. On top of these low mortgage rates, we’re stepping in to make homeownership more feasible. To combat the economic difficulty buyers are facing, we’re offering some of our most fantastic discounts yet. If you are thinking about or already looking at buying a new home, now is definitely the time to purchase your new McHenry County real estate!

We are currently offering a 10 percent discount on the base price of our homes at Liberty Trails, Pheasant Ridge, Poplar Grove and the Williams Bay new homes at Bailey Estates. In order to qualify for this offer, the home must be closed by the end of 2011. The promotion is only available on the first 10 homes purchased, so act quickly!

In addition to these low rates and discounts, there is even more help. Buyers can have a 30-year fixed mortgage at a rate of 4.5 percent with the lending institution paying one percent for the first year. Essentially, this means that buyers can have a new home for a rate of 3.5 percent, an idea that would have been unheard of several months ago. A Federal Housing Administration program is also permitting buyers to pay only principle, taxes and insurance for the first six months of the mortgage- no interest necessary! These programs are available for qualified buyers through Gerstad Builders’ recommended lenders.

For more information about Gerstad Builders, our communities, homes or this great offer, visit our website.

About The Author

Read All Stories By Gerstad Builders

Roger Gerstad is the president of Gerstad Builders, a family-owned and operated company committed to construction of homes of the highest quality known to the industry. Roger is a graduate of Bradley University and was educated in the field of construction through the wisdom and leadership of his father. Gerstad has developed the communities of Mill Creek, Waters Edge, Winding Creek, Deerwood, Chesapeake Hills, Abbey Ridge, The Trails of Winding Creek, Pebble Creek, Timber Trails, The Trails of Boone Creek, The Trails of River Oaks, The Towns of Boone Creek, Liberty Trails, and Abbey Ridge Townhomes in McHenry, Illinois as well as Pheasant Ridge in Richmond, Illinois, Bailey Estates in Williams Bay, Wisconsin and Dawson Creek in Poplar Grove, Illinois.

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