Adrienne Rehiel

Rose, What did you do with the FHA home that you owned? Do you still own it? If so it depends on how far away it is from the new home if you can go FHA. I really need more information to get you an honest answer. You probobly can go FHA again. When you go FHA you need to invest 3% of your own fund into the transaction( all of which can be a gift) You can get a seller assist of 6%. For more information or if there is anything else I can help you with please contact me at arehiel@ivyleaguemortgage.com or 215-953-1960 ext 206. - Wed May 21 2008, 13:48

William, That is a good price & a Great Neighborhood. I grew up on that block & most of the same neighbors are still there,including my parents. That was a well maintained home , The people that lived there took great care of that home. It is also a Great location, especially for children. Most schools are all within walking distance. You have Liberty Bell Organization right up the street along with a playground & 2 pre Kindergartens. The stores are very convenient also. That is why they say Location, Location!! You picked a Great One at a great price. If you have any questions about financing, I can also help you there. please feel free to contact me at arehiel@ivyleaguemortgage.com or 215-953-1960 ext 206. Either way Good Luck in your new Home & Enjoy Calera Road !! - Wed May 21 2008, 12:48

Allan, First & Foremost, Thank You for your service to our Country. Since you have Va benefits that is going to be the way to go. You can do 100% Financing .There is no Mortgage Insurance & The Seller can pay all the closing cost for you. I am a northeast girl myself, Born & raised. It is a great area to live & raise a family in. If I can assist you in trying to differenciate Fha & Va I would be more than happy to. I am a mortgage Banker with over 16 years experience. I can be reached at arehiel@ivyleaguemortgage.com or office# 215-953-1960 ext 206. Either way Good luck with your House Hunting & Thanks again for my Freedom!! Adrienne Rehiel - Wed May 21 2008, 11:37

Gigi, With those credit scores you would qualify for FHA. With all the changes as long as you have a 620 or above you get the going FHA rates. With conventional & Fha mortgages, the rates are now risk based (based on your credit score) Also with an FHA mortgage you can get the seller to pay 6% towards your closing cost & prepays. However you must contribute a minimum of 3% into the transaction. That 3% can be a gift. Also with FHA the monthly MIP is only .50% & is tax deductible. You also need to be sure that you use a Mortgage Banker not a Broker. Mortgage Brokers are not allowed to originate FHA because they are considered 3rd party Originations & are not permitted by FHA. I am a mortgage Banker with over 16 years experience . One of my specialties is dealing with first Time Homebuyers & would happy to answer any questions that you may have. you can reach me at arehiel@ivyleaguemortgage.com or office # 215-953-1960 ext 206. Either way Good Luck with your Home Buying. Adrienne Rehiel - Wed May 21 2008, 10:09

There are alot of first time home buyers programs available however one of the requirements is that you have to have decent credit.it does not have to be great but there are credit standards now. Your best bet would be to start working with a mortgage professional that can help you with your credit & be ready to buy in a few months. - Tue Apr 15 2008, 09:46