down payment assistance: The Death Of The Down Payment Assistance Program?? - 07/11/08 11:58 PM
I am shocked at the posts today on Active Rain. A major shock wave was sent through our industry with the potential to dramatically hurt us all, yet all I see today are the "same old, same old" posts.
Buried in today's overwhelming Senate passing of the Housing Bill was language that … (44 comments)
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down payment assistance: Down Payment assistance program beThe Federal government is trying to take away a vital homeownership program. - 07/11/08 04:30 PM
The Federal government is trying to take away a vital homeownership program. Find out more about this critial issue by exploring this site. Click Here!
During Homeownership Month HUD Proposes A Rule That Would Eliminate Homeownership For 100,000 Homebuyers Annually
HUD's Efforts to Eliminate Downpayment Assistance Will Hurt Qualified Homebuyers
HUD … (3 comments)
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down payment assistance: Eliminate Down Payment Assistance - 07/11/08 12:38 PM
How would anyone propose a rule that would eliminate Down Payment Assistance (DPA)? We all need to focus on what is good in the mortgage industry, not make changes that will hurt it further. As a trusted Loan Professional I have helped several of my clients obtain FHA loans with DPA. These clients … (3 comments)
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down payment assistance: Save Down Payment Programs like Nehemiah let your voice be heard - 07/10/08 08:59 PM
Downpayment Assistance Programs in Danger of Elimination!The Department of Housing and Urban Development (HUD) has re-issued a proposed rule that would eliminate all private downpayment assistance programs.As you know, Nehemiah has a long history of successfully protecting and advancing homeownership opportunities for homebuyers. For over 10 years, we have worked together … (7 comments)
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down payment assistance: Down Payment Assistance: Good or Bad - 07/10/08 08:18 PM
An article today in the Arizona Republic, "Down-payment aid debated" spoke to this very topic. The two main agencies that deal in the Down-payment assistance arena are AmeriDream and The Nehehmiah Program. The basic idea as far as I know is that they accept money from the seller, not on behalf of the … (6 comments)
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down payment assistance: Down Payment Assistance Programs in jeopardy - 07/10/08 02:50 PM
I did an earlier blog on down payment assistance programs (DPA) and how they can be used to help first time homebuyers get into their first home, especially with the tie in to a FHA loan.
HUD has been trying to get rid of these programs for some time and nearly … (2 comments)
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down payment assistance: Down Payment Solutions For Home Buyers - 07/07/08 09:46 PM
Down Payment Solutions for Home Buyers:
How to obtain a down payment in today's real estate market
In recent years, no-down payment loans were the height of fashion for homebuyers. But now that lenders have tightened their standards, borrowers once again are expected to put money down when purchasing a home. … (1 comments)
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down payment assistance: What Are The Costs Involved to Secure a 100% LTV Commercial Loan? - 07/07/08 09:11 AM
_______________________________________________________________
WHAT ARE THE COSTS TO GETA COMMERCIAL LOAN?
When purchasing commercial property, an investor should always set aside an acquistion budget for initial and preliminary out of pocket expenses. There are advance fees associated with the origination of a commercial loan along with the setup costs of participating … (0 comments)
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down payment assistance: Can I Get 100% Financing? - 07/07/08 08:55 AM
_______________________________________________________________
CAN I GET 100% FINANCING?
YES! THE PROCESS IS SIMPLE
Purchase an EquiFund bank account.
Apply for a loan with Bancofino.
Sign up for EquiFund training.
Complete your EquiFund documents.
Confirm property equity.
Use EquiFund Calculator to verify results.
Sign loan documents, EquiFund documents and close your loan.
All … (0 comments)
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down payment assistance: Equity Financing • The New Way of Thinking! - 07/07/08 08:41 AM
_______________________________________________________________
STUCK INSIDE THE BOX?
THINK OUTSIDE PEOPLETHIS IS NEW SCHOOL!
The EquiFund and EquiCash Programs are cutting edge equity driven products that are rapidly changing the industry. They require "out of the box" thinking in order for you to understand the advantages and benefits offered. The Program enhances … (0 comments)
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down payment assistance: 100% Financing- Educate your buyers on Zero down - 07/05/08 10:27 AM
Call or email me to learn more about how to use Government loans(FHA) in conjunction with charitable gift programs to attract more buyers and sell more homes.
KEY HIGHLIGHTS
… (5 comments)
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down payment assistance: Waynesbor GA Burke Co 82 Highway 56 Waynesboro GA 30830 - 07/04/08 10:54 AM
Adorable Home located in Waynesboro Georgia, Burke County. This 3bedrom 2 bath home is totally updated with NEW paint, new ceramic flooring, new windows, new HVAC, & new hot water heater. All the benefits of a new house without the price of a new home. Seller is willing to paying $2000 … (0 comments)
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down payment assistance: Creative solutions for down payments & closing costs for your home purchase - 07/03/08 08:17 AM
Lenders have tightened their guidelines & buyers are again are expected to "put some skin in the game." That "skin" refers to the borrower's own cash for the down payment & closing costs.
Benefits of a down payment:
*If you want the seller to pay the costs, discuss that concession upfront, … (0 comments)
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down payment assistance: Conventional loan basics when purchasing or refinancing - 06/28/08 01:00 PM
Okay, this may be a very DRY blog, but it contains basic conventional loan guidelines that can be useful when starting to look at this loan option for a purchase or refinance.
Conventional:
Maximum Loan Amount: 417K
Credit score minimum: 620
Credit score minimum to get best rates: 680
Maximum Loan to value on … (1 comments)
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down payment assistance: 1st Time Home Buyers California Down Payment Assistance Programs - 06/28/08 11:46 AM
Do you have clients that are looking for down payment assistance programs in Orange County or Riverside County?
Get information on the cities your interested in by clicking on the link below.
craigslist: Active Posting -http://www.orangecountydownpayment.com
… (11 comments)
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down payment assistance: Down Payment Assistance Programs - 06/27/08 02:20 PM
What are DPAs?How do they work?Who is eligible for a DPA?Why use a DPA?These are a few of the questions asked about the down payment assistance (DPA) programs that I get on a regular basis.
What is a DPA? A down payment assistance program is one where a homebuyer can receive … (0 comments)
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down payment assistance: Want to help your clients get a great loan? 96% with NO mortgage insurance - 06/27/08 12:09 PM
I wanted to share this with everyone, because it could be a great benefit for your clients. Especially with the private mortgage insurance (PMI) companies cracking down and making it more and more difficult for borrowers to get PMI. This is a great loan that can really help people trying to purchase … (0 comments)
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down payment assistance: Want to help your clients get a great loan? 96% with NO mortgage insurance - 06/27/08 12:02 PM
I wanted to share this with everyone, because it could be a great benefit for your clients. Especially with the private mortgage insurance (PMI) companies cracking down and making it more and more difficult for borrowers to get PMI. This is a great loan that can really help people trying to … (0 comments)
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down payment assistance: FHA to the Rescue!!! - 06/26/08 03:05 PM
Now is the perfect time for people to buy homes. Interest rates are still very low with all things considered and with home prices falling, people need to take advantage of this and get low fixed payments on these houses... Once the housing market cycles through the record foreclosures, people who are buying homes … (0 comments)
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down payment assistance: Another Successful Approval! - 06/25/08 09:26 PM
June 25, 2008 - I just love days like this! A short time ago, a client had been referred to me by a Lexington Realtor who was given my name by one of her fellow Realtors. Her client, a single mother, had been turned down for a home loan and she wondered if I … (2 comments)
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down payment assistance: Guidelines for Seller Contributions - 06/25/08 12:17 PM
When structuring real estate transactions to meet Fannie Mae, Freddie Mac, FHA, VA, and community products, agents should keep in mind the following allowable seller contributions for closing costs and prepaids:
Conventional Loans
Primary & Second homes
90% to 100% loan-to-value: 3%
75% to 90% LTV: 6%
… (4 comments)
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down payment assistance: Wow! I'm selling so many banked owned REOs and forclosures! - 06/23/08 05:08 PM
Dear Readers,
The title of this blog is a little redundant.... bank owned, REO and foreclosure generally mean the same thing. The bank bought the house back on the courthouse steps because the borrower defaulted. This is indeed a sad situation for the person who lost their homes, but can you … (7 comments)
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down payment assistance: Want to get you clients free money to add to their downpayment? - 06/23/08 12:49 PM
As I am sure some of you are aware there are true down payment assistance products and then there are the gift products that are used with FHA. Don't get me wrong I am a huge fan of these products for home buyers with limited means, but I have a better … (0 comments)
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down payment assistance: Real Living Real Estate Solutions Celebrates National Homeownership Month! - 06/23/08 11:13 AM
This June, Real Living Real Estate Solutions joins the NATIONAL ASSOCIATION OF REALTORS® and State and Local REALTOR® Associations across the nation in celebrating National Homeownership Month and focus on REALTORS® who contribute to their communities and build better neighborhoods, towns and cities.
Proof of this is in the community improvement … (0 comments)
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down payment assistance: No $ Down...again! - 06/19/08 08:53 PM
Ok, we got a pretty big response last week from Agents looking to learn more about how to help buyers get in with little or no money down. "Can you really buy with Zero Down again?" You really can! And since so many of you asked for it, here's a … (2 comments)
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down payment assistance: Down Payment Assistance Programs - 06/19/08 08:49 AM
With the resurgence in FHA loans due to the subprime lending mess, there has also been renewed interest in "Downpayment Assistance Programs" or DPA's for short. When you are getting ready to secure financing prior to house shopping, you need to be well versed in your options should you choose to … (2 comments)
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down payment assistance: HUD USES DOWN PAYMENT ASSISTANCE PROGRAMS AS SCAPEGOAT. - 06/18/08 08:33 AM
Nehemiah, Ameridream; HUD has decided these are the bad guys. The reason so many FHA loans fail is not poor origination, inferior underwriting, or basic fraud, it is the use of a down payment assistance program like one of those named above to get 100% funding on a 97.00% loan program. … (0 comments)
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down payment assistance: Comment Now Before FHA Takes Another Bullet Out of Your Gun - 06/17/08 08:57 PM
DPA Killer
The Storm
is Coming.
Hud
is
trying to
deliver another knockout punch to the housing industry. Round
2 at eliminating Down Payment Assistance. The proposed rule
has just been published and has a 60 day comment period ending on
August 15, 2008. … (6 comments)
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down payment assistance: Special Announcement Seminar & Home Buyer Tax Credit - 06/17/08 08:37 PM
Special Announcement Seminar
&
Home Buyer Tax Credit:
A Possible Solution To Moving Housing Inventory?
Every day we speak to fellow real estate agents and they all want to know the same thing. What are other agents doing to move their listings and how are other realtors differentiating themselves and … (0 comments)
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down payment assistance: The Clear Facts on FHA - 06/17/08 12:59 PM
Below is some good information on FHA. I'd also like to note that FHA does allow for compensating factors to help offset something's. For example, if someone has had an isolated late payment recently. Also, if we run it through the decision engine and get an automated approval we can go … (2 comments)
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down payment assistance: FHA Officials Seek to Ban Seller-Assisted Payments. the last loan for the average buyer - 06/17/08 05:53 AM
I have personally been surprised that these types of charitable contributions have ever been available. When they first came out it seemed like a big loop hole. The seller gives the charity money and simultaneously the buyer receives a gift. I think true gifts from family or there church would … (0 comments)
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down payment assistance: Free Advertising For Realtors - 06/17/08 02:13 AM
… (0 comments)
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down payment assistance: FHA Down Payment Assistance Under Fire ... Again - 06/16/08 12:28 PM
It has just been a short while since Nehemiah, the not-for-profit corporation who has long helped families and single borrowers get into a home using FHA and their 3% down payment assistance. According to FHA chief, Brian Montgomery, said, "In these transactions, home sellers - or any entity that would profit … (9 comments)
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down payment assistance: Oregon Rate Increases On Both State Bond Programs - 06/16/08 11:58 AM
Indicators have been pointing this direction, with signs of inflation in the economy and continued tightening in the credit markets, but the State made their move last week raising interest rates. These programs are still priced well below going market rates in equivalent conventional and government home loan programs.
The Oregon State … (0 comments)
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down payment assistance: 1261 E Cleveland Ave Apopka FL WOW what a steal move in with no money down - 06/15/08 08:45 PM
Thought you couldnt afford to buy a home, or maybe you can handle the monthly payments just dont have any money up front? No problem, this seller with the right offer is willing to pay your closing costs and contribute to your down payment. Meaning you could move in with no … (0 comments)
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down payment assistance: 461 Dewars Ct Winter Springs FL Move in w/no money down - 06/15/08 08:39 PM
Yes folks it's still possible to purchase a home and this home with no money down. Seller is offering Nehemiah & Closing cost assistance and is still highly motivated. It's a great home with a great location!! Call me today to set an appointment.
… (2 comments)
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down payment assistance: Will FHA Save the Day? - 06/13/08 11:26 AM
A few years back, FHA loans accounted for 3% of transactions. Yesterday, my title guy said he's seeing FHA accounting for almost 70% of the transactions in the last few months. Dang!
What is FHA?
*Federal Housing Administration - Government program created to foster homeownership.
*FHA's allows individuals to qualify … (5 comments)
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down payment assistance: Will banks play the seller paid down payment game? - 06/12/08 12:31 AM
Hello All,
I currently have a couple of REO's listed in Ventura County California. I'll be honest when I say that these properties are hard to sell, so I recently got together with a home loan consultant from Countrywide to discuss downpayment assistance programs. The Nehemiah program seems to be the most … (3 comments)
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down payment assistance: Down Payment Assistance - 06/11/08 04:37 PM
Have you been wanting to purchase a home but just can't seem to get enough money saved for the down payment? As the prices of homes has been slipping, lenders have made getting a loan to purchase a home more difficult. Fortunately FHA has finally increased the loan limits in the … (0 comments)
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down payment assistance: City of Tampa Down Payment Assistance Brochure and Guidelines - 06/11/08 12:33 AM
CITY OF TAMPA
DOWN PAYMENT ASSISTANCE PROGRAM
The City of Tampa Housing and Community Development Division (HCD) is the administrator of the City's housing programs. The City offers down payment and closing cost assistance in the form of a Deferred Payment Loan (DPL) to income-qualified homebuyers … (0 comments)
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down payment assistance: City of Tampa Down Payment Assistance | Homes Ready to Buy NOW - 06/10/08 11:34 PM
Did you know that Down Payment Assistance is available in the City Of Tampa to buy a home? Did you know that down payment assistance is available many times even when the Community Grant Programs are out of Money, such as SHIP or BOND, etc.
I have a list of homes … (0 comments)
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down payment assistance: Proposed bills that will help to stimulate home sales - 06/09/08 10:04 AM
There are a couple of bills that are being looked at that may help to stimulate sales right here in Florida.
On May 8th the House passed a tax credit for first time home buyers which should encourage them to start looking at the benefits of home ownership and take a … (2 comments)
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down payment assistance: How much money do I need when buying a Michigan home for sale - 06/07/08 08:55 PM
Down Payment for your Michigan home
A major consideration home buyers have is how much money they will need up front to acquire a new home. The requirements vary widely. There aren't many states that have 100% loans anymore. VA loans are the last loans available without a down payment required. FHA … (1 comments)
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down payment assistance: Indiana Housing Authority First Time Buyer Credit broadens qualifications - 06/06/08 12:39 PM
For Indiana first-time buyers, or anyone who has not had a mortgage for 3+ years, the qualifications for the special bond money credit have expanded!
The interest rate is now a 5.6% 30 year fixed for any Indiana resident that makes under $65,100. A couple with a child can make up … (0 comments)
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down payment assistance: DOWN PAYMENT ASSISTANCE: HOW DOES IT REALLY WORK? - 06/03/08 06:45 PM
DOWN PAYMENT ASSISTANCE:
HOW DOES IT REALLY WORK?
Here is an idea that has become more attractive in today's buyers market. Down Payment Assistance is a way to get a client off the fence and into a home. With a large influx of potential homeowners wanting to move closer into Phoenix's … (2 comments)
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down payment assistance: Down Payment Assistance - 06/02/08 04:56 PM
We had a great office meeting today regarding all the down payment assistance programs available to buyers. They tie into FHA loans and I feel this is the wave of the future, for now anyways.
Nehemiah and Hart program look to be the best.
Anyone else have any other suggestions that … (11 comments)
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down payment assistance: Down Payment Dreams - Concord, CA 2 - 06/01/08 08:49 PM
Down Payment Dreams – Concord, CA 2008 May 30th
The City of Concord in Contra Costa County , California is the center of the Diablo Valley. As the largest City in the Valley, Concord has a wide range of housing options to meet your needs. Plans have already begun for … (1 comments)
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down payment assistance: Down Payment Dreams - Concord, CA - 05/30/08 08:40 PM
Down Payment Dreams – Concord, CA 2008 May 30th
The City of Concord in Contra Costa County , California is the center of the Diablo Valley. As the largest City in the Valley, Concord has a wide range of housing options to meet your needs. Plans have already begun for … (0 comments)
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down payment assistance: First Time Homebuyers MS Gulf Coast, Biloxi, Gulfport, Ocean Springs - 05/29/08 01:51 PM
Do you want to purchase a home, but are having trouble coming up with money for the down payment? We can assist you. We have mortgage revenue bond program, and down payment assistance available for qualified borrowers.
Features of the Bond Program
30 year fixed rate
FHA insured, VA, and Conventional Loans
Cash … (0 comments)
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down payment assistance: First Time Home Buyers Housing Slow down is your signal to BUY - 05/27/08 06:57 PM
I recently read and article in the Orlando Slantinel. Oh I am sorry I mean sentinel. But most of it made sense and I think will help many first time home buyers in the Orlando area.
First-time homebuyers squeezed out of the market by the 2004-06 housing-price surge may want to … (1 comments)
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down payment assistance: Down Payment Assistance is Still Available! - 05/27/08 06:47 PM
Hi Everyone,
This post is mostly focused toward potential First Time Homebuyers in Northern Arizona but you never know who is reading these posts. I found out today that there is still plenty of funding available for First Time Homebuyers in NE Arizona. The criteria is fairly simple, you must not … (1 comments)
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down payment assistance: First Time Home Buyers Seminar ~ MetroWest, Orlando ~ May 22nd ~ 5:30 - 9:30 pm - 05/22/08 02:13 PM
TIRED OF RENTING - FREE Information!
Learn the steps to buy your first home.
On May 22, 2008 at 5:30 pm, Real Living Real Estate Solutions (located on the corner of Hiawassee and Raleigh Streets in MetroWest) is going to have a community event which includes a … (0 comments)
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down payment assistance: FHA Seminar for San Bernardino/Riverside, CA - 05/21/08 10:38 AM
I just got done teaching an FHA Education Course for Real Estate Agents and the response was very positive. I am getting ready to host another event and wanted to start an interest list. Please reply to this blog if you want to...
Understand how the new FHA guidelines can benefit … (0 comments)
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down payment assistance: City of St. Petersburg Police Officer Down Payment Assistance - 05/20/08 03:35 PM
Every
day St. Petersburg Police Officers risk their lives to protect ours,
The City
of St. Petersburg recognizes that and so do I. The City of St. Petersburg offers a Police in Neighborhoods
(P.I.N.) Home Buyer
Loan Program that gives St. Petersburg Police Officers $14,000 as down
payment
assistance. The … (0 comments)
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down payment assistance: Down Payment Assistance~Sellers Concessions~ Anyone worried about the Appraisal? - 05/20/08 05:17 AM
With all the programs today with down payment assistance and sellers concessions is anyone having trouble with the homes appraising high enough to accommodate these?
Prices are definitely lower in our area, probably where they should have been a few years ago when the market was crazy. The sales have declined so … (6 comments)
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down payment assistance: 1261 E Cleveland Ave Apopka First Time Home Buyers Dream Down Payment Assistance - 05/17/08 10:00 PM
This Apopka home is a home buyers dream home. Seller is offering down payment and closing cost assistance. Plus the Realtor, me, is offering a brand new dishwasher and above the range microwave with purchase. We are looking for a buyer and all offers will be considered. Centrally located to everything … (1 comments)
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down payment assistance: 461 Dewars Ct Winter Springs Florida Stunning House at a Remarkable Price - 05/16/08 10:49 PM
So ask yourself why havent you purchased a home yet? When the streets run red with blood, buy buy buy! So if you are looking to work with a professional that understands your needs as a first time home buyer contact me today. If you visit my first time home … (1 comments)
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down payment assistance: Southern Oregon Home Buyers! Can We Talk? BEFORE You Spend George W’s Tax Rebate? - 05/16/08 01:11 PM
Calling all Jackson County Oregon First Time Home Buyers who have a tax rebate on its way. What are you going to do with it? Take a vacation? Go on a mad spending spree? Or, leverage it in to becoming part of your retirement fund while providing your family the … (3 comments)
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down payment assistance: FHA 203K and FHA 203K Streamline - 05/15/08 09:49 AM
Have you had the luxury of running into the REO that is missing the appliances, missing the HVAC and is in dire need of some cosmetic work. You probably moved on to the next house with your buyer and called it a day. You do not have to do that anymore. … (3 comments)
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down payment assistance: Financing at 98% with no score req. and a great rate! - 05/13/08 02:10 PM
I want to share this loan information with as many people as I can, because it is such a great loan for people. Feel free to ask questions. Have a great day!
CDMP (Community Development Mortgage Program)- purchases only
- Financing at 98% with ability to use non-profit down payment assistance … (0 comments)
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down payment assistance: Down Payment Assistance - 05/13/08 12:40 PM
We're offering buyers 5,000-20,000 down payment assistance in Georgia. As the market slowly begins repairing itself, we're still stuck with today's economy. With that said, he have an answer for those purchasing their primary residence in Georgia. So those buyers that couldn't originally get 100% financing, there may be another venue … (0 comments)
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down payment assistance: SoCal Subsidy Programs Update - 05/12/08 02:29 PM
Programs & Status
LAHD Low Income, Mod 120, Mod 150 - January 2009*
LACDC HOP - November 2008*
LACDC ADDI - July 2008*
LAHD ADDI - Available
LAHD MCC - Available
CalHFA (ExtraCredit Teacher, CHDAP, CHAP, HiCAP, etc.) programs - Available
*Reflect anticipated dates that are not guaranteed. … (0 comments)
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down payment assistance: Sienna New Home Golf Community Short Video - 05/12/08 01:17 PM
Stop By for a Real Tour.
Realty Executives Golden Image Group
siennainfo@yahoo.com
408-794-9822
http://siennahomes.wordpress.com/
… (0 comments)
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down payment assistance: 100% Financing Still Available - 05/12/08 12:36 PM
Many homebuyers, especially first-time-home-buyers, believe they haven’t got a chance of being able to qualify for a home loan for a especially if they are looking for 100% financing. This is not only sad but extremely untrue!
There are not only financing options that don’t require a down payment such as … (2 comments)
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down payment assistance: FHA? Downpayment Assistance?... What's That? - 05/09/08 02:27 PM
When I first got into real estate, I was working for my parents in Dayton, Ohio. Dayton had (and still has) a very affordable real estate market. It was very common to see most buyers purchasing using FHA financing or other government loans.
When I moved to the Seacoast of New … (5 comments)
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down payment assistance: New Price Reduction on Golf Course Community New Homes at Sienna - 05/09/08 12:55 PM
1638 E. San Antonio Street San Jose, CA 95116
NEW HOMES priced from the High 500,000s
Brokers Welcome
Life at Sienna in San Jose is a mosaic of life’s best opportunities. Here you’ll find 19 exquisitely designed single-family detached homes with distinctive architecture and beautiful interiors, nestled … (0 comments)
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down payment assistance: Four More Ways To Buy A Medford Oregon Home With $1,000 - 05/07/08 12:12 AM
Have you been savings your pennies to buy a home, and your Piggy Bank is filled up and ready to go?
I couldn't believe the number of homes that Krista Bolf shows are currently available for sale for under $200,000 in Medford, Oregon.
Students who have been attending the HUD approved … (4 comments)
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down payment assistance: Trouble - Unfair Advantage??? - 05/05/08 05:27 PM
Has anyone else heard this rumor about many of the larger real estate firms requesting that all of their agents send thier buyers to www.SelectBestRate.com to get prequalified?I understand that this website is linked into a team of FHA Gurus that are getting tons of buyers approved through the use of … (8 comments)
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down payment assistance: Orange County Down Payment Assistance - SHIP - 05/05/08 07:13 AM
As many first time home buyers start to realize now is the time to buy most ask what kind of assistance programs are out there for me. If you read my previous blogs on FHA Loans and Nehemiah Down Payment Assistance you will see just a couple of options.
All counties in … (3 comments)
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down payment assistance: Important things to Know about Qualifying for Down Payment Assistance Programs in California - 05/04/08 01:45 AM
Many cities, counties and federal government programs exist to provide down payment and closing cost assitance for new home buyers.
Down Payment Assistance Programs allow home buyers to borrow money for the down payment which results in lower payments, more purchasing power, reduced or eliminated mortgage insurance and may also be used … (0 comments)
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down payment assistance: Downpayment Assistance Available - 05/02/08 09:08 PM
Buyers, there are downpayment assistance programs that are currently available without needing to take a class to take advantage of. This is a real help for first time homebuyers, and often works with FHA loan programs.
Right now is a terrific time to be a home buyer. It is currently a Buyer's Market., … (1 comments)
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down payment assistance: FHA Loans in Brunswick and the Golden Isles of Georgia.....Down Payment Assistance? Easier qualifying? - 05/02/08 11:39 AM
Conrad Unnerstall of Chapman Realty was featured in an article on FHA loans. This article offers a picture of how and why FHA loans make it easy to get into a home with no money down and as well as the ramifications of the higher loan limits created by the Economic Stimulus Package.
From … (4 comments)
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down payment assistance: Nehemiah, sounds like a disease, what is it? Looking for up to 6% down payment assistance? - 05/01/08 05:36 PM
Nehemiah is one of the oldest programs of it's kind. The program started over 10 years ago and is the only program that is HUD approved. Yes there are others like Ameridream but they are not HUD approved.
What is Nehemiah: Nehemiah is a 503(c) charitable organization that allows sellers to gift … (7 comments)
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down payment assistance: Why are you not using an FHA loan? Do you know what you are missing? - 05/01/08 05:19 PM
Have you been told by another agent or a lender that you make a good salary but need more money down, or dont have the best credit and cant get financed. Well maybe if you are going through a conventional loan, but FHA rules and guidelines have changed greatly. If you … (4 comments)
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down payment assistance: Buyers Get The Help They Need!!!! - 04/30/08 08:30 PM
Seems everyone is talking Real Estate nowadays with the prices of homes falling and the large numbers of bank owned properties (REO) on the market but all is not gloom and doom as some are making it out to be as many people want to take advantage of the lower prices and … (10 comments)
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down payment assistance: Marketing Our Way to a Better Real Estate Market For All - 04/30/08 10:12 AM
Well, we are in full swing of the spring market! This past year has been a roller coaster ride. Sellers are gearing up for an exciting and busy selling season and the reality is that when the seller has the ability, they will price their home properly! One hopes this will … (2 comments)
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down payment assistance: Teacher HERO program - 04/30/08 09:57 AM
My office, AgentOwned Realty is PROUD to be participating in this program ....
Down Payment Assistance for TeachersSC State Housing's, "Palmetto Hero Program" Licensed classroom teachers can now qualify for up to $7,000 in forgivable down payment assistance to help out with the purchase of their next home. Borrower must have his or her South … (4 comments)
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down payment assistance: First Time Home Buyer assistance programs in Riverside California - 04/28/08 11:27 PM
I have a client that is currently looking to buy in Riverside County, California. This is a first time home buyer and although thier income is good, with a large family there is a small down payment available, but not much.
As I always do, i turned to my trusty down payment … (0 comments)
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down payment assistance: $10,000 available for first time homeowners/single parents! - 04/27/08 10:56 PM
I wanted to let as many people as I could know about an outstanding promotion a local lender, Homeowners Mortgage, is offering. They are offering a 5:1 down payment assistance program for first-time homeowners, individuals who haven't owned a home in the last three years and single parents! If you put $500 down, they will match with … (0 comments)
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down payment assistance: $1,000 Down/$1,050 per month PITI Buys a $175,000 Home for Medford Oregon Buyers? - 04/27/08 04:34 PM
Did you know that a First Time Home Buyer in Medford, Oregon could buy a $175,000 priced home with as little as $1,000 of their own funds and have payments of about $1,050 per month including their principal, interest, taxes and insurance on a 30 year fixed rate mortgage? This is … (2 comments)
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down payment assistance: It's a Great Time for Buyers - 04/25/08 02:49 PM
Those who think they’ve been excluded from the dream of owning their own home need to think again. While it’s true many conventional lenders have tightened their lending & underwriting requirements there are other programs that have become more flexible.
Grants offer down payment assistance,FHA gives borrowers competitive interest rates … (10 comments)
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down payment assistance: Calling All Fence Sitters! Five Good Reasons to Buy Now... - 04/24/08 12:50 AM
Southern Oregon is such a great place to live! Time to put down some roots and stay a while? Well, here are five reasons you may want to consider buying now:
* Interest rates are still at historic lows, under 6% with no points for a conforming loan fixed for 30 year fixed … (7 comments)
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down payment assistance: FHA, Nehemiah, and First Time Home Buyers - 04/22/08 01:30 PM
First Time Home Buyers exploring FHA loans First Time Homebuyers, FHA, and a Down Market
First time Homebuyers are becoming more educated about real estate and mortgages (FHA) by allowing themselves more time to get comfortable with all the elements. First time home buyers have been taking notice. First time … (0 comments)
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down payment assistance: 21615 Falvel Sunset Court, Spring, TX 77388 - 04/20/08 08:47 PM
I have just listed the perfect property for the people strapped for cash in their new home search.
Located at 21615 Falvel Sunset Court in Spring Texas. This is a D.R. Horton home that the homeowners have lived in only since Oct. 2007. It is better than new. First of all, it is … (0 comments)
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down payment assistance: Life after bankruptcy-All Tech Mortgage - Because Every Loan Matters! - 04/18/08 01:41 PM
Life After Bankruptcy
Kevin Tinsley, Sr Loan Officer
Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is important … (0 comments)
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down payment assistance: Short Sale Approved and Closed on 4/15/2008 - 04/18/08 12:02 PM
Option One Mortgage was the lender that had both liens on the property that I had listed and successfully closed on April 15th, 2008. The buyers agent sent in an offer on February 28th, 2008 and a few other offer came in around the same time. This agent must have given … (18 comments)
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down payment assistance: 1261 E. Cleveland Ave Apopka, FL Orlando, FL brought to you by Heather Joubran - 04/17/08 06:23 PM
Well this home is back on the market, well sort of. We are accepting back up offers with a 24 hour notice to buyers to remove all financing contingencies or we move forward with our back up contract. It's a great home and the seller is motivated!! Need down payment assistance … (1 comments)
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down payment assistance: Buyer in Poinciana has her S.H.I.P. come in! - 04/11/08 06:11 PM
Today, I had a closing where the Buyer almost didn't close. It seems the closing costs were about $800 higher than expected. I wasn't on the Buyer's side so not quite sure where the issue came in.
Probably just first time home buyer jitters and some lack of communication between the … (29 comments)
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down payment assistance: Did you Know? - 04/10/08 05:43 PM
A lot of people, especially First Time Home-buyers do not realize that there are many options for them regarding Down Payment Assistance. Some counties are giving allotting up to $70,000 in money to people who do not have the ability to come up with it on there own. Talk to your lender about … (0 comments)
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down payment assistance: News about FHA loans in High Cost Areas - updates & changes - 04/10/08 10:47 AM
HUD has announced new rules requiring 2 appraisals on FHA loans that fall under the new stimulus package loan limits (those loans over $362K). While this may seem prohitibitive at first glance, and it will add to the time & expense of an FHA loan, it is a relatively easy hurdle to … (0 comments)
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down payment assistance: Combine one part FHA loan, one part AmeriDream down payment assistance and what do you get? A no-down-payment loan! - 04/08/08 09:09 PM
Many have been reporting that the age of the no-down-payment loan is dead.
It’s not.
A loan from the Federal Housing Administration (FHA) can get homebuyers 97% of the way there (the maximum FHA loan limit is 97% of the value of the home). And a down payment assistance provider like … (2 comments)
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down payment assistance: NEW REDUCED PRICE! ADORABLE RICHARDSON HEIGHTS COTTAGE! - 04/08/08 04:22 PM
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down payment assistance: The Third Option - Getting First Time Buyers into the Market - 04/07/08 12:35 PM
It's no mystery to anyone in the real estate business that the last 2 years have brought about huge changes in the mortgage market. As home prices continue to decline, lenders have reduced the LTV to which they will lend, and if the market is marked as declining, an additional 5% … (0 comments)
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down payment assistance: City of Fremont First Time Home Buyer Program - 04/06/08 07:47 PM
The City of Fremont's First Time Homebuyer Program and CalHFA financing may be able to assist with down payment assistance of up to $67,600 for a Fremont home, provided that you meet certain income levels, which adjust based on the number of people in living in the home.
According to the City's … (2 comments)
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down payment assistance: Minnesota Mortgage Niches-Not Necessarily Found With Other MN Mortgage Lenders Or Mortgage Brokers - 04/06/08 06:33 PM
Edina, MN
Venture Development-Minnesota's Mortgage Broker
I decided to write this blog post today to highlight some of the financing that CAN be done in this tight lending environment. WE CAN DO DEALS OTHERS SIMPLY CAN'T. Below are some highlights of programs provided by ONE of my investors:
CASH OUT to 95% with … (1 comments)
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down payment assistance: Nehemiah Down Payment Assistance Program-- Are you using it often? - 04/04/08 11:49 AM
I've recently seen a large increase in clients requesting a Nehemiah. Are most of you clients requesting it as well? For more information on Nehemiah, see below:Thanks to The Nehemiah Program, more than 250,000 individuals and families now own homes.Let us help you achieve the American dream:Gift funds up to 6% … (6 comments)
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down payment assistance: Now Is The Time For Us To Swing This Pendulum Back To The Middle! (Part 2 of 3 – Low-to-Moderate Income, Workforce Buyers) - 04/03/08 05:06 PM
In the almost 25 years I've been in the real estate and finance world, I've come across many programs that effectively contribute to sustainable homeownership for owner occupants. These programs may work for buyers qualifying for Conventional, FHA, VA, even Jumbo loan programs, but most require buyers take fixed rate loans, not … (0 comments)
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down payment assistance: Now Is The Time For Us To Swing This Pendulum Back To The Middle! (Part 1 of 3) - 04/03/08 04:48 PM
Wonderful news! Oregon Affordable Housing advocates have helped secure much needed funds to help retain low-cost rental housing units, funding that will include saving 667 apartment units in Jackson County, Oregon, keeping these units from being sold at market rates when their contracts expire soon. With the low rents maintained to … (0 comments)
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down payment assistance: Back To The Days of 20% Down Payment? Oregon Suspends CashAdvantage Program - 04/01/08 10:24 PM
I was on vacation soaking up some sun and warmth in Southern California last week.
Returning home, reaffirmed in our appreciation of the slower pace and more peaceful life we have here in Southern Oregon leaving the freeway shootings behind, I find one of my favorite loan programs has come under fire.
The … (8 comments)
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down payment assistance: Time is running OUT for City Down Payment Assistance Programs - 04/01/08 12:34 AM
City down payment assistance programs have been helping many would be buyers bridge the down payment gap. These programs may now be in jeopardy.
The changes in the real estate market are being felt at all levels. This includes local City and County budgets, the source of funding for many of these … (3 comments)
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