First Time Home Buyer

VA loan vs FHA loans

First Time Home Buyer — Tue, 27 Jul 2010 23:51:12 +0000

Jeff Sargent of ONB Bank discusses the difference between VA loans and FHA loans and why they are important to first time home buyers.

FHA Streamlines “The Real Scoop” – www.LowestPymt.com

First Time Home Buyer — Mon, 26 Jul 2010 08:49:38 +0000

www.lowestpymt.com See how much you can reduce your mortgage payment WITHOUT charging fees. Refinance Your FHA Mortgage using the FHA Streamline Refinance Program You Can Qualify for a Lower Mortgage Rate and a Lower Mortgage Payment With No Appraisal & Minimal Requirements! The FHA…

Renaissance Bay Indianapolis at 78th and Keystone

First Time Home Buyer — Mon, 26 Jul 2010 05:31:08 +0000

I attended an event on Friday 9/7 at this location and then Saturday was their big Open House event. I will be able to say I was there when it was just mud and a lake. While it was EXTREMELY muddy, the event was very well done. I expect this to be a fantastic community, which will include condos and town homes ranging from around 1500 sqft up to around 4500 sqft. The price range I was given by one of the presenters was between $300,000-$800,000. It will likely be a few months before they models to walk thru.

Can my fiance get first time home buyers deals if I’ve already owned a home and would be coborrower?

First Time Home Buyer — Fri, 23 Jul 2010 16:53:50 +0000

My fiance and I are now looking to get a new home and she’s never owned a home before. I purchased a home about 10 years ago without any first time home buyers programs. Just wondering if we will be able to take advantage of any of these programs in our situation. Any other ways to get out of paying mortgage insurance without 30% down? We have about 15-20% for a down.

I’ll be a first time home buyer. Are there any programs that will help me save money on a mortgage? Advice?

First Time Home Buyer — Fri, 23 Jul 2010 09:12:02 +0000

I’m prepping to buy my first home but have not found a mortgage agent yet. Is there any advice on government programs for first time buyers? I’m looking for the best advice to save money on a mortgage. Does anyone have any advice on how to buy smart when dealing with real estate agents? Any tricks on how to deal with them. I really want to avoid getting taken of advantage of. Your advice is really appreciated! Thanks!

Help for the Home Buyer: the Resurgence of Fha Financing

First Time Home Buyer — Thu, 22 Jul 2010 21:56:30 +0000

The Federal Housing Administration (FHA) is a government agency whose goal is to assist high risk home buyers. This segment of the population includes those with spotty credit histories, first time home buyers, and low income households. These people traditionally have had a difficult time getting a home loan because they pose too much of a risk to lending institutions.

What kind of first time home buyer programs are available in Illinois?

First Time Home Buyer — Tue, 20 Jul 2010 02:24:29 +0000

Can anyone give me specific information regarding first-time home buyer programs in Illinois?

Obama’s First Time Home Buyer Stimulus

First Time Home Buyer — Mon, 19 Jul 2010 17:56:47 +0000

Obama’s first time home buyer stimulus is for those people who had postponed buying a house due to the sudden outbreak of recession in late months of 2008. The US President Barack Obama and his team of administrators have planned and signed 2009 economic stimulus package and there are many sections and programs under this mega stimulus package. The first time homeowners are in fact the tenderest section of borrowers and they have lot of fear in their mind before and after possessing the loan.
However first time homeowners need to be very careful while seeking loan and believe the reliable sources only. The financial crisis has left everyone with postponed dreams, shopping and spending even on useful accessories. There are people who have postponed the renovation or modification in their house, or if they had previously planned to buy a house, they have postponed that too. But the government wants to help the first time homebuyers to come forward and buy their dream house. And for this they are offered very fewer rates of interest and the tenure for repayment is also increased.
Obama’s first time home buyer stimulus has much more to offer than just lower rate of interest to the first time homebuyers. This policy aims to give tax credits to the first time homebuyers who purchased their house between January 1, 2009 and December 31, 2009. The tax credit has $8,000 at its upper limit and is 10% of the present value of your house. This will help the homeowner save a lot as tax benefits and they will have considerable amount of money left to spend on other liabilities, responsibilities or mere luxuries.
The people when relieved of the financial tension and with some money left in their pocket every month, will go out and spend them in the sectors of their needs and interests, boosting up the country’s economy in return. So the main intension of the Obama government was to allow people have surplus money in their hands, which will directly affect the customer-spending percentage. This will help money stimulate in different areas of the market and society, which ultimately will increase employment opportunities in various sections and departments too.
The first time home buyers stimulus has fixed the income limitations of the buyer which is a very good sign so the less privileged class will get the benefit of the stimulus plan.

What is a good way to get a mortgage loan for a first time home buyer with bad credit?

First Time Home Buyer — Sun, 18 Jul 2010 12:16:44 +0000

I have paid off all delinquent things on my credit report and all I have on there is my carnote and my student loan which are both in good standing. I still have a low credit score which is what is damaging me right now. Any suggestions of lenders or companies that can assist me with purchasing a home?

Tax Credit for First Time Home Buyer Loan, Government Assisted Financing Program and FHA Mortgage

First Time Home Buyer — Sun, 18 Jul 2010 07:10:58 +0000

First Time Home Buyer Tax Credit Loan Program with Low Interest Rate FHA Mortgage and Low Down Payment. Government Assistance to purchase Lender Foreclosed Homes. Go To RealEstateMarketingThisWeek.com Part 4 (Excerpt) FHA financing why you should work with a broker 4% appreciation over the last 17 years You mentioned earlier that property values are up 71% long term, even though we had this 50% drop. Youre talking about the average 4% appreciation per year since 1992. Right, I did some calculations I was working on a book last year and one of these days I may get around to publishing it. Its called Real Estates Future and what we were looking at was a statistical model to be able to pick the top and the bottom of all the real estate markets. I hadnt looked at the thing for about a year until I was working with Michael the other day and I started pulling it out and going lets run the model and see where we are in regards to the market, and one of the things I looked at is the last time we saw the bottom of the market was when I was selling houses for the RTC and that was in 1992, the median home price was $76000. Median home price now is $130000. That means from 1992 until now it went up 71%, thats after we just saw a 50% decline. So it is up 4% per year on average, and where else are you going to get a return like that? Even if you put 3.5% down on a house you are getting a heck of a lot more than a 4% return. If you look at the internal rate of return it is significantly …