Mortgage Rates Climbing Again + New Down Payment Assistance Grants Available!

Mortgage Rates Climbing Again + New Down Payment Assistance Grants Available!

How Are Rates Looking This Week and Down Payment Assistance Programs Available!

What’s up with rates? Bippus State Bank and 3 Rivers FCU reporting 30 yr mortgages around 6.8% this week, trending higher. Also, many lender reporting fresh grant funding for down payment assistance programs for first time home buyers. Reach out and let’s discuss!

I hope this information was helpful! If you are considering buying or selling a home, I would love to talk to you. I am a seasoned agent with over 24 years of experience in the local real estate market. I would love to be able to get you the financial result you desire from your current home to get you in to that Dream Home! Don’t hesitate to call me anytime at 260-579-1516 or you can email me at mike@mikearchbold.com.

Check Out This Program From Our Friends at Ruoff Home Mortgage

Buying a Home Just Got Easier with HomeNow from Ruoff Mortgage

Dreaming of homeownership but struggling to save for a down payment? You’re not alone—and Ruoff Mortgage has a solution that can help make your dream a reality.

Introducing: The HomeNow Down Payment Assistance Program

Ruoff Mortgage’s HomeNow program is one of the most inclusive and accessible down payment assistance (DPA) programs available today. Designed to expand homeownership opportunities, this program is ideal for both first-time and repeat buyers who may need a little help getting over the financial hurdle of buying a home.

What Makes HomeNow So Powerful?

• ✅ Up to 5% Down Payment Assistance
  Covers the full 3.5% FHA down payment, plus potentially 1.5% toward your closing costs.

• ✅ 100% Financing Available*
  Qualified borrowers can finance the entire purchase price—meaning you may not need to bring a down payment to closing.

• ✅ Low Credit Score Flexibility
  Minimum credit score of just 600 (620 for manufactured homes), making this accessible to more buyers.

• ✅ No Income Limits
  Unlike many assistance programs, there are no maximum income restrictions—so even higher earners can qualify.

• ✅ No Geographic Restrictions
  Buy anywhere in the state—urban, suburban, or rural.

• ✅ Flexible Debt Ratios
  With a DTI allowance up to 55%, HomeNow offers added flexibility for buyers with existing debts.

Who Can Benefit?

• Renters looking to stop paying their landlord’s mortgage and start building equity

• First-time buyers with limited savings

• Previous homeowners re-entering the market

• Families who need help with upfront costs but have strong income and employment history

What You Need to Know

• The down payment assistance is a repayable second lien with a 10-year term at a rate 2% higher than your first mortgage rate.

• Homebuyer education is required, helping set you up for success.

• Not all applicants will qualify—eligibility and state-specific guidelines apply.

Ready to Explore Your Options?

Whether you’re just beginning your home search or already have a house in mind, now is the perfect time to see if HomeNow can help you buy with confidence—and without draining your savings.

Contact Doug or Julie Carroll at Ruoff Mortgage for full program details and to get started:

• Doug Carroll – ruoff.com/dougcarroll | doug.carroll@ruoff.com | 260.602.9768

• Julie Carroll – ruoff.com/juliecarroll | julie.carroll@ruoff.com | 260.460.7552

Don’t let the down payment keep you from moving forward. With HomeNow, homeownership might be closer than you think!

Why Does RE/MAX Results Stand Out Among the Competition?

Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.

Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral.

The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!

Want to experience the difference for yourself? Call or text me today at 260-579-1516.

“Professional Service with a Personal Touch“

We’re Here To Help

Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.

Hoosier Home Listings by RE/MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.

Hoosier Home Listings – Mortgage Rates Climbing Again + New Down Payment Assistance Grants Available! …

… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.

The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to Re/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.