fha loans: Exciting News for First Time Homebuyers (And Anyone Who Hasn't Bought a House for 3 Years) - 04/15/09 01:21 PM
The President of the Washington Realtors, Greg Wright just shared this interesting article on Facebook. I know, he's so hip! Answering criticisms that all of the relief for the housing and economic crisis have been targeted at big banks and other large corporations, lawmakers are working on a bill that would make it possible for buyers to apply their $8,000 tax credit to their downpayment. The proposal would make a federal tax credit for first-time homebuyers go farther by allowing it to be put toward the actual home purchase. A provision of the federal stimulus package offers a credit of up … (2 comments)

fha loans: First Time Homebuyer Financing - 02/03/09 01:03 PM
One of the most common questions that first time homebuyers have is, "How much money do I need for a downpayment?"
The answer is, "It depends!"
Most of my first time homebuyer clients these days are opting for a loan program called FHA.  With FHA, the required down payment is 3.5% of the purchase price.  That means if you are buying a $200,000 house, your downpayment is $7,000.
If you don't have the entire $7,000, or if you would just rather not put it down if you don't have to, both the City of Tacoma and Pierce County offer downpayment assistance programs.  Basically, … (0 comments)

fha loans: How do I get a Rehab Loan? - 01/29/09 06:14 PM
Some people want to buy a house in perfect shape. Other people see a house in disrepair and can imagine it reborn, remodeled, and tailored to their specific needs and tastes.   I confess to being in the latter group, I tend to get very excited about well priced homes that need fixing.  
The problem with this (as anyone who has ever done a home inspection or had an appraisal will tell you) is that banks generally only like to loan money on houses that are all in one piece!   There is a way to finance your dreams.
The … (0 comments)

 

Marguerite Giguere Specializing in Tacoma, WA

Tacoma, WA

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Windermere Professional Partners

Address: Tacoma, WA, 98405

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