Rural Housing Benefits - 04/09/09 10:11 PM
What are the benefits of RURAL HOUSING?
102% Financing
NO Mortgage Insurance
30-Year FIXED rate
NO loan limits
Closing costs can be financed
UNLIMITED SELLER CONTRIBUTIONS!
NO Reserves required!
CAN get up to their EMD money back at closing
 

What about repairs?
Repairs can be financed but must be escrowed 1.5 times the amount of repairs.
Must be completed before they issue the Guarantee
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Energy Efficient Mortgage Q&A - 04/09/09 10:04 PM
 
 Here are a few Q&A's about the Energy Efficient Mortgage. I just finished the NAR GREEN Designation class. I took even though I am not a REALTOR, I sure learned alot!
Q: How does the EEM benefit the borrower?
A: The EEM benefits the borrower in several ways. First, the estimated energy savings are added to the borrower's income to allow the home buyer to qualify for a larger total mortgage amount. Second, by increasing borrowing power, the EEM allows borrowers to include the costs of energy improvements into the total mortgage amount. 100% of the energy improvements, typically up … (1 comments)

 
Erica Wright (Platinum Real Estate Associates of RE/MAX Southern Realty)

Erica Wright

Niceville, FL

More about me…

Platinum Real Estate Associates of RE/MAX Southern Realty

Address: 217 Miracle Strip Parkway S.E., Fort Walton Beach, FL, 32548

Cell Phone: (850) 420-3883

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