real estate news: Lenders are starting to loosen up!
- 02/12/11 07:10 AM
Good news for some buyers! Wells Fargo, the largest originator of FHA mortgages has loosened up a bit & recently revised credit & down payment requirements. Wells will now lend to applicants with FICO scores as low as 600 and 3.5% down payments ( can be gift funds). Previously, if your score came in even slightly lower, they wouldn't even look at your application. How big a news is this for buyers AND sellers who need qualified buyers in the market? An estimated 1/3 of Americans now have FICO scores below 620, according to one consumer group's estimate. What about borrowers … (2 comments)
As a Realtor I feel very fortunate to be living & working in the Charlotte market. For newcomers the Charlotte area proves to be a wonderful place to call home!
www.AdvantageNC.net
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real estate news: Market report for MacAulay Subdivision, Huntersville, NC - Lake Norman Area
- 01/10/08 07:39 AM
MacAulay is a premier Huntersville neighborhood of more than 650 beautiful homes. Trees, parks, pond, sidewalks, pool, clubhouse, and tennis courts highlight the amenities of this family friendly neighborhood.Currently there are 27 Macaulay homes listed in the Multiple Listing Service. These homes average 3,251 square feet and a list price of $366,640. Homes that are on the market in Macaulay range in price from $249,000-$499,900.In 2007, 43 homes have sold in Macaulay, with an average of 3,033 square feet and a sales price of $338,196. These homes sold in an average of 61 days on the market!!Directions to Macaulay: I77North to … (0 comments)
Good news for some buyers! Wells Fargo, the largest originator of FHA mortgages has loosened up a bit & recently revised credit & down payment requirements. Wells will now lend to applicants with FICO scores as low as 600 and 3.5% down payments ( can be gift funds).
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