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What You Need to Know this Homeownership Month

Published on June 06, 2022

What You Need to Know this Homeownership Month

In the 1800s, most Americans could not even dream of owning their own home. Despite rising interest rates, low inventory, and other challenges, it's still possible to find a home and a loan to pay for it. June is National Homeownership Month, and a perfect time to honor the families, neighborhoods and communities that make up our nation.

In Georgia, prospective homeowners know that they can come to Queensborough National Bank & Trust and become part of the American dream. So, if you are a homeowner or want to be, visit your local branch to get a preapproval and encourage others to do the same.

How Your Local Bank Is Making It Easier to Own a Home

Queensborough National Bank & Trust is proud to offer face-to-face service as well as online applications to give our customers the widest choice possible. By going with a local lender, you help support other local homeowners and businesses.

What better way is there to celebrate National Homeownership Month than buying a home? Rest easy knowing that the team at Queensborough National Bank & Trust is behind you all the way.

“We have a lot of competition that can do the same thing we can, but the thing that I know that separates us from the rest is our customer service. We can have a customer call in and talk to a local person who can easily help them get what they need.” - John Mabery, SVP of Mortgage at Queensborough.

Businesses and individuals celebrate National Homeownership Month by recognizing the lenders, real estate professionals, and others that guide and assist home seekers along their journey to home ownership.

Tips for Homeowners from a Local Lender

If you’ve ever wanted the inside scoop from a lender, now is your chance. Here are home mortgage tips from the experts!

“Despite what you hear in the media, it’s still possible to get a mortgage loan. However, you’re more likely to talk to your lender before your real estate professional these days. Don’t assume that everything you hear is correct. For example, there is currently a widespread belief that you need 20% down to buy a home. That’s not true. We have products such as 3% down payments for first-time buyers. Whatever you hear, talk to a loan officer at Queensborough to get the real story as it applies to you.” - John Mabery

There are three primary factors that drive what terms you get on your mortgage loan:

  • Credit Score: 620 or better is ideal.

  • Debt to Income Ratio: This is the amount of money you owe on credit cards, car payments, and other installment debt versus what you make. Ideally, less than 28% and no more than 36%.

  • Do you have a down payment or not? How much do you need? Well, it depends, and we can help you understand why.

There are many places where you can get the down payment, including a gift from a family member. Sometimes, people who think they would never qualify, end up getting a mortgage loan to buy a home.

At Queensborough National Bank & Trust, we take the time to see what you qualify for and give you advice on how to prepare for a mortgage pre-approval. This is something you might not get from a big lender you find online. We take a consultative approach and go through all the different options that might expand your buying power. That includes government-backed programs such as VA and FHA loans.

We Love to Honor Our Military!

The military is an important part of life, and we do our level best to help military families find homes they love and can afford. Did you know that Queensborough can get you pre-qualified and process your mortgage even if you are deployed to another state? Additionally, we offer FHA Loans for people that do not have the greatest credit scores.

“Come into a branch, let’s fill out an application, and you may be surprised how little you need to get a house. Our job is to simplify the process and make it as easy as possible.” - John Mabery

Get to Know Lenders from the Pooler Branch (and More!)

The Pooler Branch office is having a Lunch and Learn on June 29, 2022. Reach out to us if you would like to attend or to learn more about the event. You can celebrate National Homeownership month by visiting our website to apply for a pre-approval or chatting with a loan officer at your local branch.

Queensborough National Bank & Trust will celebrate National Homeownership Month one customer at a time! Contact us today to learn how to get started with a mortgage pre-approval.

 

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Author: Sarah Beth McMillan

Categories: Financial Insight

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Welcome to Queensborough National Bank and Trust, your destination for all of your banking needs.

We offer a wide range of banking services including personal banking, business banking, mortgage services, and wealth management. At Queensborough, we offer various financial services and banking products to our retail and corporate customers through a variety of channels.

Started in 1902 as the First National Bank and Trust Company, today Queensborough has over 25 locations spread across the state from Augusta to Savannah. We take pride in offering professional banker expertise coupled with a personal banker attitude while offering first-class customer services to our esteemed customers. At Queensborough, we provide state-of-the-art technology to make the banking experience the best it can be for our customers. Time and again, Queensborough National Bank and Trust has been recognized by its patrons for our trustworthy and reliable services.

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