A few years ago, when Ben Johnson first started looking to buy a home, it was just bad timing. The housing market was hot and prices were skyrocketing. Then, mortgage rates spiked. And with his first child on the way, it seemed like there was no way that buying a home could be affordable.
That is, until Allen Edwin Homes unveiled a special program offering homebuyers below-market mortgage rates. All of a sudden, the timing got really good.
“It almost seemed like my back was against the wall in a way,” said Johnson, 36. “The fact I was able to get it down to 5.5%, that really kind of sealed the deal for me.”