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Home Buying in 60656 : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling1
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Activity 7
Wed Sep 21, 2016
John Meyers answered:
FHA restrictions have recently eased and they now approving more condos for FHA financing.

The easiest way is to find a realtor who works with a mortgage broker who is familiar with FHA loans.

The realtor will know how to find condos that are FHA approved. -- Since there isn't a master list and rules are constantly changing, it involves a little homework on the realtor's part.

You probably know this already, but FHA loans only require 3.5% Down which a lot of potential first-time buyers don't even realize..

Just let me know if you would like some help.

Thanks,
John (Meyers Realty)
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Wed Sep 21, 2016
John Meyers answered:
That is great! -- That you means that you get $3,000 back at closing.

Rather than a suitcase full of cash though, you get it in the form of a deduction of what you owe (or increase of what you are getting back).. :-) ... more
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Tue Sep 3, 2013
Mike Opyd answered:
Mon Nov 12, 2012
Seth Captain answered:
Instruct them to refrain from buying plasma televisions everytime BestBuy runs a sale.
0 votes 16 answers Share Flag
Thu May 17, 2012
Bill J Deligiannis answered:
Consistently ranked as one of the "best" places to live in the US. The city is still in the same location - the schools are still there - the companies along the I-88 corridor haven't left - the parks and programs are still available. Values have come down, yes as have interest rates. It is a great time to purchase and borrow not only in Naperville but all across chicagoland.

I just spoke to someone today who just listed their home in Naperville for over $500k and within 1 day they had an accepted contract. By the way, it is the highest priced home in the subdivision.

This is a great buying opportunity for those who have the ability.
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Wed May 19, 2010
Dan Chase answered:
Cash is king. That means you will have no problems with financing. As such banks, and some sellers will prefer you slightly lower offer over a higher one that has financing and might not happen. ... more
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Mon Jun 22, 2009
Chuck Stuparits answered:
John: These are sometimes the roadblocks that transpire prior to closing. What does your attorney suggest? If you really like the place and they gave you a good deal, it sounds like there's a glitch somewhere.I would still defer to your attorney for their advice. ... more
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