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Ivy League Mortgage, a Lehigh Valley Full Service Mortgage Banker and FHA Approved Lender, announces a Low Interest, Comprehensive, First Time Home Buyers Loan Program.[b/]

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Ivy League Mortgage (ILM) announces Comprehensive First Time Home Buyer Program

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FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 29, 2009 -- Jim Cleffi, Branch President of Ivy League Mortgage - Lehigh Valley offices, projects growth in the First Time Home Buyer market to continue to accelerate over the next several years. ILM offers low interest, low cost loan options structured to incorporate Government incentives, including the $8,000 First Time Home Buyer Tax Credit Program. Multiple options can be combined with a variety of programs to custom fit a mortgage to the needs of the individual first time home buyer. Interest rates vary depending on credit, loan to value, debt to income, location, points and other factors but fixed rates as low as 4.75% are not uncommon.

The recent decrease in the value of real estate has allowed more first time homebuyers and retirees to find exceptional values. In addition, the large number of foreclosures and bank owned properties will eventually lead to more availability for potential buyers. The draw back is that it may continue to suppress housing values.

The Lehigh Valley is a major HUB located in the North East Corridor between NY City, Philadelphia, Boston and Washington DC. "The reasonable cost of living, highways and transportation system, institutions of higher learning and access to large cities are but a few of the reasons we see the Lehigh Valley growing much faster than the national average," stated Cleffi. "We anticipate double digit growth in the need for residential, commercial and investment mortgages over the next 2 years." The Lehigh Valley ranked second only to Mercer County, NJ in the Northeast for Commercial and Business Growth in mid-size metropolitan areas. The area also ranked number 30 on the Forbes Best List.

Ivy League Mortgage offers a full range of mortgage products including FHA, ALT FHA, VA, USDA and Rural Housing. The company also offers it’s own portfolio products such as mortgage for modular homes, log homes, construction to perm as well as conforming and Jumbo loans. As a Full Service Mortgage Banker, the Ivy League Mortgage Commercial Division specializes in various Commercial and Investment Mortgages. Additionally, the company offers the ability to provide manual underwriting, fast real-time closings, high-tech software for improved communication and loan access to realtors, financial planners and customers alike. This expansion will make the company a one-stop shop for consumers looking for cost effective, timely and professional mortgage banking services.

ILM customers receive honest professional service supplemented by state of the art software ensuring timely follow up, closings, personal underwriting and open communication. ILM ensures our customer’s that their mortgage experience will be a positive and memorable one. For more information, contact Jim Cleffi - 610-419-8575 ext 11. http://www.IvyLeagueMortgage.net

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