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One reason to buy now.

By
Real Estate Agent with First Weber Hedeman Group

 A factor to consider is that FHA is tightening their guidelines.  FHA is a loan program that has become increasingly popular over the last year.  Buyers only need a 3.5% down payment and minimum 620 credit score.  The Up Front mortgage insurance that is required is currently 1.75% of the loan amount, but will be increasing to 2.25% of the loan amount on April 5th.  That’s a significant difference when looking at a mortgage! Along with the home buyers credits now is the time to make your move to home ownership.

 

From Scott Larson of Towne Square Realty in Monroe, Wisconsin

“Your Realtor of the Region”

E- Mail scott@greencountyhomeguide.com

On the web at www.greencountyhomeguide.com

I think you will be surprised how affordable the Dairyland is,

so come to my land of cows and plows and visit for a day, but stay for a lifetime

608-2124-9844 Direct

 

 

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Comments (8)
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Indera Coggins
Re/Max 100 - Dunkirk, MD

Hey Scott, was trying to read your blog and it looks like it's posted in HTML format which is showing all your codes, Makes it hard on the eye. You might want to pull it and re-blog.

 

Feb 22, 2010 02:21 AM
Indera Coggins
Re/Max 100 - Dunkirk, MD

looks like you just did.

Feb 22, 2010 02:22 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Buyers using FHA should make a move quickly.

Feb 22, 2010 02:23 AM
Shana Haugen
Century 21 - Gold Key - Fargo, ND

That is a great tip about FHA -- I'll make sure to pass it along.

Feb 22, 2010 02:27 AM
Kathy Hyatt ~Plantation, Davie, Sunrise REALTOR
Remax Services - Plantation, FL
Broward Realtor Selling Plantation,Davie & Sunrise

Good Information that every Buyer should be aware.  This is a good time to buy. Thanks for the post.

Feb 22, 2010 02:32 AM
Bill Morris
RE/MAX Capital City - Austin, TX
ABR, CRS, CDPE, ePRO, MBA

Most lenders in Central Texas are requiring a minimum 640 FICO, but that's fine with me.  Let's learn from the past so we don't repeat it.  For most buyers those slight fee increases shouldn't affect things much, especially since many FHA buyers still use seller concessions toward closing costs.  Nonetheless, in addition these changes it seems clear that prices and interest rates have nowhere to go but up this year, and mortgage costs and regulation will almost certainly get worse before they get better.

Feb 22, 2010 03:38 AM
Matthew Naumann
Exit Realty Charleston Group - Goose Creek, SC
Goose Creek, SC Real Estate Agent

Scott,

Great Post. That is definitely a good reason to buy now.

Thanks for sharing,

Matt Naumann

Mar 08, 2010 03:23 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

That is a very good reason why Buyers need to make their move NOW, another is the possibility of the first time home buyers tax credit!

Mar 19, 2010 03:28 AM
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