first time buyers: Orange County Down Payment Assistance
- 07/23/09 03:57 AM
If you are a first time home buyer, you may have looked into Orange county down payment assistance. Just checking the county website, you may believe that you might qualify for $20,000, $30,000 or even $35,000. Beginning back on June 23rd those numbers have been revised down to $5,000, $17,500 and $25,000. The amount of assistance is still based upon household income, but funding from the state has been slashed to balance the budget. That funding comes from a fund called the Sadowski fund, and it was formed by the state to provide assistance for affordable or "workforce" housing. This fund … (0 comments)
first time buyers: First Time Home Buyer FAQ's
- 05/15/09 04:35 AM
I cannot speak for other markets, but here in Orlando our market place is being driven by investors and first time home buyers. Some investors are seasoned professionals, and others went to some seminar or bought the cd/dvd on how to make a bunch of money in real estate. Others are just looking at real estate as a more solid investment right now than the stock market with better return potential than the bond market. The first group of investors know the answers, the second think they know the answers and the last group ask a lot of questions. First time … (0 comments)
first time buyers: First Time Home Buyers in Orlando
- 04/27/09 04:12 AM
I received an e-mail from someone in the Lakeland area desparate for financing help after the downpayment assistance program she and her husband were approved for ran out of funds. She found my website and my pages directed to first time home buyers. I responded to her e-mail, with other options such as USDA rural home loans and VA, since these are the only loans available now that offer 100% financing. Unfortunately, these do not work for their situation. There are also bond programs at the state level here in Florida that do have money available (for now). Chip Gregory at … (0 comments)
first time buyers: First time home buyer seminar
- 03/10/09 05:03 AM
I have around 50 to 100 people a day coming to my website by searching for first time home buyer..."down payment assistance, FHA, tax credit, etc." I can have a lender available to answer your questions about financing, assistance and loan programs. I can give you an update on the market here in the Orlando area, and fill you in on the first time home buyer tax credit. Please sign up for either Saturday morning March 21, 2009 from 10:00-11:00 or Monday evening March 23, 2009 from 7:00-8:00. If I don't get enough interest, I'll try some other dates. Just click … (0 comments)
first time buyers: FHA Loans
- 12/23/08 12:09 AM
I received an e-mail from a lender yesterday that reminded me about some of the benefits of FHA. First, let me say that FHA is not just for first time home buyers. FHA is not a "government" loan; it is backed by the government which makes it a safer loan for the banks. FHA is not just for inexpensive homes, in fact the limit right now is $353,750 which covers around 75% of all the homes for sale in Orlando. That limit is coming down in 2009 to $274,850, which will still purchase most homes in the Orlando area. In today's tighter … (0 comments)
first time buyers: First Time Home Buyer Searches
- 12/09/08 05:04 AM
First time home buyers have been tearing it up lately, or at least that is my experience. When I check the search phrases that people are using to find my website www.DavidWelch.com the number one thing that stands out is the phrase first time buyer. So far today there have been 12 different searches that have resulted in visits to my Orlando real estate site that had something to do with first time buyers. People have been looking for down payment assistance, information about the tax credit, FHA loans, USDA loans and just general questions like "how do you qualify as … (2 comments)
first time buyers: First Time Buyer FAQs
- 11/17/08 01:34 AM
I had a conversation with a gentleman named Tony yesterday, and thought that there may be other people out there with the same great questions that he had. First, he was questioning whether there was still money available in the various first time home buyer down payment assistance programs. Like most questions, the answer is "it depends". Many municipalities have first time buyer and down payment assistance programs available. As you can imagine, these programs have been very popular. They are even more popular since October 1st when seller funded down payment assistance went away. City or county funded programs typically … (0 comments)
first time buyers: Help for First Time Home Buyers
- 11/12/08 03:40 AM
I was just on the phone with Chip Gregory with Trinity Mortgage here in the Orlando area. We were talking about some of the things that we are seeing in the Orlando real estate market, and what the big drivers are. First, foreclosures and distressed properties have had a big impact on prices and values all over Orlando. Here in Baldwin Park, I was just checking values for a prospective seller. One investment property he owns in the newest section of the neighborhood has actually gone down fairly significantly due to the distressed properties around his. That particular section of the neighborhood … (0 comments)
first time buyers: Fear or Faith
- 10/12/08 08:26 AM
The current market reminds me of the story of the exodus in the bible. If you want to read about it check out chapters 13 and 14. The particular part of the story I am referring to is when they get to Canaan, the land of milk and honey, the promised land. When they arrive just outside of their destination, they send 12 spies into the land to survey the situation. When the spies return, 10 say the land will devour them, the people living there now are giants that make the Israelites look like grasshoppers. Two of the the spies … (1 comments)
Orlando Real Estate Blog, news, statistics, marketing reports, insight, opinions. Orlando real estate includes, Winter Park Windermere, Apopka, Ocoee, and Winter Garden, as well as Conway and Dr. Phillips areas of Orlando.
If you are a first time home buyer, you may have looked into Orange county down payment assistance. Just checking the county website, you may believe that you might qualify for $20,000, $30,000 or even $35,000. Beginning back on June 23rd those numbers have been revised down to $5,000, $17,500 and $25,000. The amount of assistance is still based upon household income, but funding from the state has been slashed to balance the budget. That funding comes from a fund called the Sadowski fund, and it was formed by the state to provide assistance for affordable or "workforce" housing. This fund … (0 comments)
;)
;)
;)
