buying a home in virginia: Fannie Mae Incentives
- 09/28/10 01:16 PM
Fannie Mae is currently offering 3.5% closing cost assistance for buyers of HomePath properties through December 31st 2010. To be eligible for this offer the buyer must be: Owner occupant. Must close on or before Dec. 31, 2010. Must close within 60 days of offer acceptance. For more information on this special offer and other great incentives to buy a HomePath home go to the HomePath website. To search for Hampton Roads homes go to www.hrbuyersandsellers.com. … (0 comments)
buying a home in virginia: Title Insurance, Why You Need It.
- 09/22/10 12:59 PM
Title insurance protects the holder of the policy against defects in the title after the property is purchased. There are two types of policies; Lenders Title Insurance and Owners Title Insurance. The lenders policy only covers the lender if there is a defect in the title. To protect yourself, you will need to purchase a Owners title policy. You purchase the owners policy when you close on the property. It is a one time charge and it protects you forever. Title insurance will pay for legal fees and any equity you had in the property, up to the face value of … (0 comments)
buying a home in virginia: HOMEownership Down Payment Assistance Program
- 09/08/10 04:56 AM
The three biggest hurdles a potential homebuyer has are: 1) Down payment money. 2) Closing costs. 3)Prepaid costs. To help out with these hurdles, the Virginia Department of Housing and Community Development assist buyers with these costs through funds from the federal HOME Partnership Investment Fund (HOME). The fund offers down payment and closing cost assistance to individuals and families whose income is at or below 80% of the Area Median income. An example would be if a buyer meets the income eligibility, they may receive up to 10 percent of the purchase price for the down payment and up to … (0 comments)
buying a home in virginia: Waiting for a new "Stimulus Plan"
- 09/03/10 12:21 PM
I have recently talked with a few buyers and they stated that they think there will be a new "Stimulus Plan" coming out soon that will have another home buyers tax credit. Well I said "It is like rolling the dice, do you want to take a chance on interest rates going back up above 5%"? You can wait and get your $8000 tax credit now, or whatever it may end up being -OR- You can get a 30 year loan at an interest rate of approximately 4.5%. On a $225,000 loan at 4.5% your monthly payment will be $1140 principal … (5 comments)
buying a home in virginia: Thinking of Buying a Fixer Upper??
- 08/09/10 11:55 AM
If you are thinking of buying a fixer upper, short sale or foreclosure property in Chesapeake, Virginia Beach or any other area, this loan program might be for you. It is called a FHA Streamline 203(k) loan. It permits home buyers to finance an additional $35,000 into their mortgage to improve or upgrade their home prior to move in. To find out more on this program, you can go to HUD's website or contact me for more information. Remember, whenever you buy or sell a home with me, I will provide you with a 1 year 2-10 home warranty. … (2 comments)
buying a home in virginia: The Home Buying Process
- 06/27/10 03:28 AM
So you want to buy a home. Whether this is your first time buying or you are a seasoned buyer, we are here to assist you through this process. From the initial consultation to closing and beyond, we will guide you every step of the way. Plus, we can help you from feeling a little confused and overwhelmed by explaining every step in detail during our initial consultation and subsequent meetings. You will always know what is next and how long that step will take. So lets take a look at the steps that will lead you to your ultimate goal … (2 comments)
Fannie Mae is currently offering 3.5% closing cost assistance for buyers of HomePath properties through December 31st 2010. To be eligible for this offer the buyer must be:
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