Anchorage and Eagle River are military towns. We love what veterans, active service members and military families bring to our communities. Spinell Homes has a proud history of supporting our service men and women. We believe in building a strong community and military members play an important role in our neighborhoods. They’re members of our schools, organizations and businesses. We want to make it easier for these families to own a home they love. In partnership with our trusted lender Residential Mortgage , we’re offering loan options that don’t require large down payments. Working with the U.S. Department of Veterans Affairs, Spinell Homes is excited to help veterans get into a home for as little as $100. Homeownership is more cost-effective than renting. But one of the biggest obstacles is saving money for a down payment. With a VA Home Loan, veterans and active service members can purchase a home with zero down payment and as little as $100 on closing costs on select move-in ready homes. Residential Mortgage will give a $1,500 lender credit and Spinell Homes covers the rest. Working with our trusted lender, Residential Mortgage , we hope to invest in the success of communities by helping our vets invest in their dream homes. If you’re a military family or vet looking for a new home, we have several new houses available near base, with lots of other military families in the area. Give us a call today (907) 344-5678 to find out if you qualify for this offer.  Residential Mortgage , NMLS #167729, Equal Housing Lender. Residential Mortgage ’s operations, products and/or services do not originate from, and are not endorsed by the VA, USDA, HUD or FHA.

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Winter Safety & Maintenance

Don’t let the high mortgage interest rates of today stop you from buying a home. Spinell Homes is offering an interest rate buy down for all move-in ready homes. A buy down lowers your interest rate for two years, saving you money and giving you time to refinance when rates drop. With a buy down, your interest rate will drop 2% from the current rate for the first year of the loan. The second year, the rate will drop by 1%. The third year of the mortgage, the rate will return to the original rate from the day you locked into a contract. Here’s an example: If you were to purchase a home with a loan amount of $612,750 and locked into a rate of 7.125% the buy down rate would be 5.125% for the first year of your loan. This would save you about $9,500 the first year. The second year of the loan your rate would be 6.125%, saving you about $4,800 that year. The third year it would return to 7.125%. These combine savings equal $14,300. But the savings don’t stop there. Economists predict interest rates will drop in the next two years. When rates drop, you’ll be able to refinance at the lower rate. If you choose NOT to use a buy down, the seller will often pay more in closing costs. Don’t wait for interest rates to drop to get into your new home. When interest rates drop, home prices could go up and you can expect increased competition from all the people who waited for rates to drop. With the Spinell Homes buy down you can get into a great home at an affordable rate. NOTE: Rate buy down is only being offered on move-in ready homes.

Deck the Halls & Win!

Picture opening the door to your perfect home. The finishes reflect your personality. The space suits your lifestyle. The location provides peace. If you’re a homebuyer, the ideal home can feel out of reach. Shopping for existing homes can mean making sacrifices. Perhaps the location is great but the home needs renovations. Or maybe the home feels just right but it's located in the wrong part of town. New construction is your best shot at creating the home of your dreams. If you’ve never been through the building process, it can seem overwhelming. But at Spinell Homes, we’re here to make the process fun, easy and extremely rewarding. If you’re interested in building, give me a call. I’ll walk you through what you can afford and expect. You’ll need to come prepared with information about your budget, lifestyle, and home wants and needs. Bring any questions that you have and our team of experts will happily answer them. By setting these expectations upfront and having an open conversation, it kicks off a great relationship from the start. Next, it’s time to identify a location and floor plan. If you don’t own a lot, Spinell Homes has numerous available lots. We’ll identify one that works for your budget and family. You’ll then pick a floor plan that maximizes the lot, budget and lifestyle. Often Spinell experts will make adjustments to the plan to customize it for your needs. If you decide to build, it’s now time to secure the financing. Working with Spinell Homes, we’re able to connect you with preferred lenders who can walk you through the process of getting a mortgage. Then a purchase agreement is set in place. Working with Spinell means you avoid getting a construction loan, which is at a much higher interest rate. With a loan and plans in place, the real fun begins. From cabinetry to countertops and siding to sliding glass doors, new construction requires a lot of design decisions. While something like doorknobs seems minor, these little details make a big difference. Luckily, you don’t have to make the selections on your own. Spinell’s design team will help you pick finishes that won’t break the budget and work well in the home. Spinell will also be aware of the materials’ availability, ensuring to order on time and keep the project on track. Building a home is a big project. It comes with a lengthy timeline, a lot of decisions and a large budget. But at Spinell, we’re pros at this process. The company has been building homes for more than 30 years. We understand how to communicate when there’s an obstacle. In addition to getting the keys to your dream home, new construction comes with a lot of other benefits. Today’s construction materials are the safest and most energy-efficient materials on the market. Appliances and lighting fixtures are also energy efficient. This will save you energy and money on utilities. New construction also comes with warranties. This means you don’t have to worry about unexpected expenses. You can focus on settling in and making memories with your family. Don’t let navigating the building process sink your spirits. With the right partners, you can soar through the steps and find your forever home.

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