hud: Great News From HUD Today for Valencia First Time Home Buyers There is a New Way To use Your Tax Credit
- 05/13/09 04:26 AM
Many qualified new home buyers today are struggling to come up with a down payment to purchase in today's market today. There is great news fresh off the presses that helps FHA buyers. Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy. Secretary Donovan said that important changes, which the National … (0 comments)
hud: Looking to buy a condo in Valencia? In today's market you need a strategy before you even get into your agents car.
- 05/08/09 06:12 AM
Condo owners in Valencia not only share common walls and roofs, they also share one anothers financial burdens. Lending practices are constantly changing which is forcing lenders to look more closely at the makeup of entire complexes before they fund loans to prospective buyers or to people who have equity and want to refinance.With the ever changing real estate market it's making it tougher to buy and sell condos, which are widely considered the housing market's shakiest segment because they are popular with entry-level buyers. The lending practices are also charging higher fees and requiring larger down payments from condo buyers while limiting where they can live. A lot of … (0 comments)
Many qualified new home buyers today are struggling to come up with a down payment to purchase in today's market today. There is great news fresh off the presses that helps FHA buyers. Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy. Secretary Donovan said that important changes, which the National … (0 comments)
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