Changes to the Neighborhood Stabilization Program

By
Mortgage and Lending with Blue Water Home Loans NMLS# 166527

This is the program that offers Federal grant money to repair foreclosed homes in targeted areas of Port Huron.

Two key changes have come into effect.

1.  Appraisals have been waived on foreclosed properties in the target areas of Port Huron with a value of less than $25,000.

2.  Purchase prices on homes over $25,000 still need an appraisal, but the purchase price has to only be 1% less than the appraised value. Appraisals must be done within 60 days of the offer.

For more information on this product or any other please do not hesitate to give me a call.

Lester Wilkins III
Senior Loan Officer/Marketing Manager
Blue Water Home Loans

Office: 810-987-1200
Cell: 810-334-2372
Fax: 888-696-3131

"Lester has the Loan for you!"

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