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Government Home Buying Incentives All Locations : Nationwide Real Estate Advice

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Activity 342
Showing results for government home buying incentives [Clear search]
Wed Jan 23, 2013
answered:
Not anymore. 10 years ago your phone would be ringing off the hook so much, you'd pull the plug. Don't ask a 20 year old what that means.
Most likely you don't have enough credit and if all you have is bad credit, you'll need to wait about a year. With 5-10% down, a 580 score can be used BUT you still need 3 credit lines paid on time.
Ask yourself this question: would I lend $50,000 to someone who can't pay their bills? Then ask: Shouldn't I wait until I can afford to pay my bills before taking on such a huge debt?
If your work is stable, then your credit should also be that way. You need to save up 6 months of income as a safety net for home repairs, auto repairs and life situations OR you can go ahead in put yourself in a stressful situation like countless others before you.
I'm not trying to be mean, I'm trying to prepare you.
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0 votes 6 answers Share Flag
Tue Sep 11, 2012
Terri Vellios answered:
Some are getting better. One loan with Wells sounds like you should get something pretty soon. Provided that the listing agent and seller have provided all the documents request at the time of offer submission. I tell my buyers that they may not hear anything for 3 or 4 months. If something comes in sooner, great!

Just have your agent keep communicating with the listing agent. Find out if a negotiator has been assigned, is the BPO done and back, has all documentation been provided? Etc.

Have an amazing day!
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0 votes 7 answers Share Flag
Wed Sep 5, 2012
Dallas Texas answered:
FYI - all Realtors are paid by the property owner whether location is :
Commercial
Residential
Apartment

Covers listing agent , buyers agent, tenant agent, or apartment locator

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
www.facebook.com/lynn911dallas
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0 votes 27 answers Share Flag
Tue Aug 14, 2012
Tim Moore answered:
Yes, of course you can make an offer. The builder can also say NO. More than likely they will reply with "I Can" but then will tell you what they will cut out of the deal to make the offered price work. Builders think like this, if they reduce the price of your house they set a precedent for future homes and appraisers will ask why did you build it for him for that but now you want more for this house, so they like to keep the prices about the same. What you can ask for are upgrades to sweeten the deal in your favor, they will do that. ... more
0 votes 18 answers Share Flag
Thu Jul 26, 2012
Terri Vellios answered:
Banks are not to discriminate, we have fair housing laws which prohibit such practices.

East Palo Alto is the low end of the market for Palo Alto. Each city has a low end in price point. The areas where first time buyers and investors (low end) were the hardest hit by the housing and mortgage crises. In order for the bank to refinance the house and the home owner have to pass the guidelines.

The $3,000, as I understand, is for relocation in a short sale and doesn't have anything to do with refinance.

Is your question a concern to you because you are buying or selling?
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0 votes 6 answers Share Flag
Fri Jul 20, 2012
Ron Thomas answered:
I dropped EQUATOR because I'm tired of waiting for them:
I've given them hundreds waiting a dripple; nothing!

It could be tomorrow, and it could easily be next year:
The Government is putting no pressure on them to release the inventory,
and you know that they work by incentives.
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0 votes 6 answers Share Flag
Tue Jul 17, 2012
Jaren Larsen answered:
Have you had the chance to speak with a mortgage lender? They will be able to tell you how much you can qualify for. Also if you have a co-borrower that will help you qualify. Let me know if you need a referral of a mortgage company here in Utah County. I work with some really great Loan Officers down here.
Also, are you currently working with a Realtor? If not let me know, I would love to show you some homes and help you get into that first home.

Best regards,
Jaren Larsen
jaren@redstoneresidential.com
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0 votes 2 answers Share Flag
Sat Jul 14, 2012
Julie Montgomery answered:
Hi Shift -- honestly, I think Squire is great, but they are way too expensive for what you can buy resale. By resale I mean a building with all the amenities that may be just a few years old. FYI, when you buy from a builder you pay the builder's price -- don't be fooled by "incentives." Just like a new car, they build what's advertised directly back into the purchase price. Also, new builds typically have higher taxes.

A resale condo in the same area will cost less and MUST be appraised by an independent appraiser at market value -- determined strictly by "comparable" sales in the last six months.

Either way, this IS 100% the time to buy ... the government has artificially held rates down for the past two years, and I'm certain after the election or first of the year, they will start to climb. Even .25% of a percentage can either save or cost you money hundreds each month.

I hope you've found this advice helpful. If you have any other questions, don't hesitate to contact me at 303-906-3150 or email jmontgomery@coloradomasters.com. My website is www.jmontgomery.com

Good luck!! Julie Montgomery, RE/MAX Masters, Inc. (Sunday, July 8 at 3:53 pm)
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0 votes 10 answers Share Flag
Fri Jul 6, 2012
Christi Conroy answered:
Hi Jessica, we have a military on the move rebate. Feel free to contact me through my website at christiconroy.com and i would be happy to explain it.
0 votes 8 answers Share Flag
Wed Aug 28, 2013
Donna Stockett answered:
Feel free to visit my website or give me a call. Donnacanhelpyou.com or 410-925-9298 to learn more about areas in Baltimore.
0 votes 15 answers Share Flag
Sun Dec 29, 2013
CamilleD answered:
No.
There should be.

But interest rates have never been this
Low and housing prices are 8-10
Years ago prices
Very good environment for the first time home buyer.

Good luck.
Call me@516-323-6245
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0 votes 17 answers Share Flag
Wed Oct 28, 2015
Suzanne MacDowell answered:
Hi Patty

Hi cases such as yours the answer is 'it's a matter of time'. How long ago was the eviction? And, when you say 'low credit scores' what do you mean and why are they low? I am a little concerned that you have no credit cards, car payments and so on. What credit scoring agencies are looking for is 3 open lines of credit. I know it sounds crazy to improve your credit score by going into debt, but that's how it is.

I would recommend you talk to a good local mortgage banker and see what they say. There are other considerations, such as income and debt to income ratio (which you obviously do not have a problem with) that are taken into consideration. The banker will be able to tell you what, if anything, you qualify for today and, if not today, what you need to do to improve your situation and even approximately how long that will take. Follow their advice and, before you know it, you WILL qualify for a mortgage.

When I say, 'local mortgage banker' I do not mean one of the big banks but a small company that specializes in writing mortgages. I work with Annie Mac Mortgage here in New Jersey. If you don't know such an organization, call a local realtor and ask to be referred. Then, when the time comes, show your appreciation by letting that realtor help you find a home.

Good Luck, I am sure you will be in a position to buy in no time. Suzanne
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0 votes 15 answers Share Flag
Thu Aug 23, 2012
John Arendsen answered:
Fri May 18, 2012
Ken Allen answered:
Good morning Ashley. You shouldn't run into too many problems. As long as you have a proficient Realtor helping you then everything will go smooth. You do not have to be here for the signing. We do mail away closings all the time. I would love to help you find exactly what you are looking for and have a home for you when you come in December. I do represent a lot of out of town clients and will guide you every step of the way. Please call me at 813-624-3679 or email me at kennethallen78@yahoo.com. Thank you so much for your service to our country and I look forward to working with you.
Kenneth Allen
Realtor
The Toni Everett Company
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0 votes 9 answers Share Flag
Mon May 18, 2015
Angela Jensen answered:
Hello Matosis2615 - call the City of Sunrise 954-741-2580, they will connect you to the appropriate department to find out about available grants. If there is anything else I can do for you, do not hesitate to ask. Good luck!

Best regards,
Angela Jensen
Colwell Banker
(954) 465-1388
jensenatj@aol.com
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0 votes 3 answers Share Flag
Sun Apr 21, 2013
David Herren answered:
Hi Alvin,

Follow the link below to Fannie Mae's website for information about this program. There are several sections that should be helpful.

http://www.homepath.com/
0 votes 10 answers Share Flag
Sat May 21, 2016
Michele Goodwin answered:
The sellers’ agent is representing the sellers and has a fiduciary responsibility to them. There is more than likely an agreement in place between the sellers and their agent that covers the fees to be paid from the proceeds of the transaction and to whom. While it is not unheard of to also have the listing agent represent the buyers, this arrangement would put the listing agent in dual agency and all parties would need to acknowledge and agree to this arrangement and understand the implications of this situation.

You are entitled to and should want buyer representation. The jr. realtor will be entitled to a commission and may even be considered the procuring agent should you first view the property with them and then try to bring in another agent to represent you as your buyers’ agent. You should retain an agent that you feel comfortable with to represent you right from the start. A knowledgeable agent will be able to assist you with assessing the value of a particular property as well as negotiating on your behalf regarding price and other terms of your purchase contract. Don’t be pennywise and pound foolish. This is an important transaction – often the largest purchase most people will make. You want someone with your best interest in mind to represent you and guide you through this process.

Good luck.
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0 votes 113 answers Share Flag
Mon Apr 16, 2012
James Taylor answered:
I would be interested in earning your business. I know the area and have worked with active military in the past. Please contact me at the number below.
James Taylor
702-682-3300
0 votes 20 answers Share Flag
Sat Apr 5, 2014
Gale Acton answered:
Short sales are complicated! If the property has been officially listed with a Realtor the process can take 3 to 6 months. Remember every property is different and the lender is different! I would suggest getting away from short sales if possible! If not PATIENCE it the best I can tell you! ... more
0 votes 13 answers Share Flag
Mon Apr 9, 2012
Jason Gorton answered:
You can always negotiate. Remember that everyone in the builders sales office is representing the builder and their interests. Even if they are your sales agent helping you design your home and pick upgrades.

I recomend having a buyer's agent that can assist you with comparable sales and the negotiation process. If that is not the route you choose, the more information you can arm yourself with the better. Be sure to get comparable sales of similar homes and factor in upgrades.

Best of luck!
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0 votes 8 answers Share Flag
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