Please visit; goflatfeerealty.com we are local RE Brokers and charge no listing commission. You can self list your property on our website. for No Charge! If you want us to post on the MLS we charge a small flat fee for that service... more
The market is really booming right now. It is still a buyers market, but you are seeing thigs sell alot more towards asking price. If I can help you look at comparables for a certain area, feel free to call.
Wow, how cool is this...all of the agents posted the right answer! LOL!!! There are no exceptions to this guideline...not for lender and not for loan product. One of the few "ABSOLUTE" rules of lending. Down payment must come from you and/or documented gift (depending upon loan product). Of course, VA and USDA will allow 100% financing.
Now, the good news is that you will have "instant equity" the minute you buy the house. Say you are buying a home for 100K and it appraises at 125K and you are doing an FHA loan. Your would need 3500 (3.5%) of the 100K purchase price and you would have both upfront and monthly mortgage insurance. However, the day after closing your home is really worth 125K. Most lenders would require six months payments (some 12); however, after the necessary evidence of your required payments, a lender could refinance you into a conforming 80% (or less) loan with no mortgage insurance.
The above scenario is a perfect example of a situation that I would recommend that the borrower take the HIGHEST possible interest rate on the FHA loan I know we want to refinance at the earliest possible moment. I would not want that borrower to put any more money into the initial financing that absolutely necessary (none would be preferable). Save the dollars for closing costs for the PERMANENT financing we plan to do in six or twelve months.... more
As Nick mentioned, the 203(k) Rehab mortgage is the best thing since sliced bread when it comes to home improvements and rehabilitation. I'm a FHA 203(k) Consultant and can answer any question you might have about the program. Visit this short presentation and learn more about the step-by-step process to obtaining a 203(k) Rehab Loan.... more
One of the best programs available in today's market (with respect to home foreclosure and rehab) is the FHA 203(k) mortgage. I'm a home inspector, energy rater and 203(k) consultant in the Metro area since 1974.
Click our web reference below. I have frequently updated information on the 203(k) loan, how an energy audit can be purchased with the loan and how I can save you money by providing a thorough evaluation before you purchase.
See our full page ad today in the Clarion Ledger News about the 203(k) program. Look for the Energy Rated Homes of Mississippi banner. Call today - we can help you!
Vicki, if you can tolerate a furnished apartment in the metro area, that would be your best short-term arrangement. Either pick up a copy of the Apartment Guide or visit the link below. I'm not aware of any furnished corporate homes for rent. Best of luck!... more