Ar_home_b_search
 



first time home buyer: THDA Down Payment Assistance - Great Start Rate Increase Announced - 02/11/11 10:41 AM
Tennessee Housing Development Agency, THDA, offers great assistance for Tennessee first time home buyers who meet their eligibility criteria. One of the best benefits with the THDA programs is interest rate stability. Since THDA programs are funded with a separate bond offering, the THDA rates do not vary daily with the regular bond markets.
This week though THDA did announce a rate increase, effective February 14. The rates on the three assistance programs were increased by .5%. When THDA announced the increase they indicated that it was necessary because of "unfavorable bond conditions."
No doubt the bond market has seen market … (5 comments)

first time home buyer: First Time Home Buyer tax credit moving forward - no longer just first time home buyers - 10/30/09 07:03 AM
The administration support, and the approaching deadline, has given much momentum to the extension and the expansion of the First Time Home Buyer tax credit.And the Senate Finance Committee has pushed forward a proposal to extend a credit to existing home owners. Included in the Senate bill is also extended unemployment benefits.
In fact it would no longer be a first time home buyer tax credit. Just a home buyer tax credit.
Provisions of the tax credit agreement
Deadline to be extended to April 30 Existing home owners, who have owned prior residence at least 5 years, may receive up to … (4 comments)

first time home buyer: First Time Home Buyer - Home affordability makes now a great time to buy - 05/12/09 07:59 PM
First time home buyers are impacting the housing market much more significantly that in previous years. The first and most obvious reason is the $8000 first time home buyer tax credit. This should be incentive enough to get any potential buyer to start their look.
Additionally many existing home owners are having difficulty selling their homes because of lowered home values. Either they cannot sell or they have decided not to sell at this time, hoping for greater equity when home prices rebound. As existing home owners are choosing to remain in their homes, the first time buyers take a larger … (0 comments)

first time home buyer: First Time Home Buyer Tax Credit Has a Deadline - November 30 - 05/05/09 08:56 PM
The first time home buyer tax credit incentive is a most powerful incentive to purchase a new home, equal almost to actually being a home owner. For those interested in taking advantage, it is important though to act now.
Potential homebuyers who are qualified for the tax incentive will risk missing the November 30 deadline, if they delay.
Many lenders have a backlog of 2 weeks or more to underwrite a loan submission. Many lenders will not review a loan submission if the home buyer does not yet have a property under contract.
The lender backlog will likely increase as the November 30 deadline approaches.
This might very well mean that those home buyers who wait risk … (2 comments)

first time home buyer: Home Buyer Seminar Saturday - Presenting THDA's Tax Stimulus Program - 04/24/09 07:40 PM
We are holding a home buyer seminar Saturday and Sunday, April 25 and 26.  The seminar will be held at the new town home development, Melrose Parc Townhomes, by Coleman Hochman on East Brainerd Rd. Pam Jackson, from Crye-Leike Realtors, is conducting the seminar. Brumlow. Martin Insurance Agency will also participate in the seminar.
We are going to cover information on credit and on qualifying for a mortgage. We will review the new first time homebuyer stimulus tax credit and the THDA Stimulus Second Mortgage Program.
Pam Jackson can be reached at 423-619-8026. Her website is www.PamJackson.Crye-Leike.com
The times are 10am Saturday and 2 pm Sunday. The … (0 comments)

first time home buyer: Red Bank TN Real Estate Sales - Conventional, FHA, VA, Rural Development Loans - 08/17/08 06:01 PM
Red Bank Real Estate Sales
Real estate sales information about Red Bank, TN. Call for information about qualifying for a conventional, FHA, VA, or Rural Development home loan.
It helps for both buyers and sellers to understand the trends in homes for sale.

… (6 comments)

first time home buyer: When it comes to HR 3221... - 08/15/08 04:39 PM
The new housing legislation brings many significant changes. Several of my posts have tried to address these changes. Mike Mueller has provided us an explanation of the major points of the changes most important to consumers.
And he has done so in terms that are very understandable.
Thanks Mike.
Via Mike Mueller:
The Media can be misleading.
Yeah I know, no surprise there!But let's talk about HR 3221, H.R. 3221 or if you want to call it by it's really long name, the Housing and Economic Recovery Act of 2008It was signed into law Monday July 28th, 2008. It was reported … (8 comments)

first time home buyer: First Time Home Buyer Seminar - Chattanooga - 08/12/08 11:44 AM
This past Saturday American Acceptance Mortgage, Jack Pangle of Coldwell Banker, Vicki Reedy, a local builder, and Zelma Blair of Insurance Network joined to hold a first time homer buyer seminar. The seminar was held at Owens Barbecue on Citigo Avenue.
The barbecue was great. Everyone who attended asked many questions, primarily about credit scoring and credit repair. The seminar emphasized how credit impacts loan approval and loan terms now more that ever.
The new first time home buyer tax credit was also discussed, along with other provisions in the new Housing Law.
The seminar discussed a new moderate income development in the … (0 comments)

first time home buyer: Video Home Price RollerCoaster - Shiller Home Price Index 1890 to 2007 - 08/06/08 09:59 PM
It is a roller coast visualization of home prices since 1890.
I came across this while preparing for an upcoming FTHB seminar this weekend. You have to watch it.
Robert Shiller of Home Price Index fame . I have not followed him, but I plan on adding him to my regular reading list. (A list much expanded since joining AR). He seems to have more than a clue.
The years are indicated periodically in the lower left blue bottom of the video.

Home Price Roller Coaster http://www.speculativebubble.com/videos/real-estate-roller-coaster.php
The video was on this blog.
http://www.consumerismcommentary.com/category/real-estate/
Of course there was an Active Rain … (6 comments)

 
Richard_smith_photo Rainmaker_large

Richard Smith FHA VA Rural Development in TN GA

Chattanooga, TN

More about me…

Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343

Office Phone: (423) 280-0345

Cell Phone: (423) 280-0345

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog