Looking to buy your choice of  homes in Indianapolis? Much has been said about the combination of low interest rates and low home prices that combine for a great opportunity. Match that with an economy in Indiana that is growing and a very pro business climate. The time is right to be buying a home and getting a mortgage in Indiana. The only question left may be how this opportunity compares historically in the market.

We only need to look at the most recent numbers associated with the Housing Affordability Index to see that homes have never been as well positioned to buy than they are now. First of all, what is the affordability index? It is the median mortgage payment as a percentage of the median household income. Median means there are as many higher as there are lower. It's about as middle class or average as you can get.

For the year 2010 a mortgage payment was 14.9% of the median household income. Because home prices are down and interest rates are low, the part of your income used to pay for your home is lower than any time in the last decade. In fact the affordability index is 41% more affordable than 2006. Going back ten years, 2010 was 27% more affordable than 2001. This market is HOT and you need to realize that!

Century 21 Scheetz as a market leader has a number of homes listed that fit into the current opportunity matrix.  If you are looking for bank owned homes, foreclosures or short sales their professional staff can guide you towards your goal.

Stonegate Mortgage as your Lender of Choice can be a valuable member of your team because we are local with national strength. We are a bank and we service our own loans. Our wide range of financing options include options with no down payment. we also have programs that will allow you to do many remodel projects as part of the purchase to upgrade that tired home into your newly completed dream. Call us for more information.
   Call Ed DeWitt 317-973-4137
License #11707      Stonegate Mortgage