BREAKING NEWS for our Veterans!!!

By | Down Payment, Finance

The Department of Veterans Affairs will now guarantee no-downpayment loans above the Fannie Mae/Freddie Mac conforming loan limit under the Blue Water Navy Vietnam Veterans Act, signed into law by President Trump Tuesday night. H.R. 299 eliminates the cap on VA home loans, which means that qualified homebuyers can now borrow above the agency’s standard… Continued

June 26, 2019

What to Expect if Federal Government Shuts Down

By | Down Payment, Finance, General

Flood Insurance An extension of the National Flood Insurance Program (NFIP) is currently attached to the CR. Without an extension, NFIP cannot sell flood insurance policies after midnight on December 21. Existing policies will not be affected until 30 days after their renewal date. Homebuyers will be able to assume existing policies and claims will… Continued

December 21, 2018

Employers can now contribute to their employees’ down payments, just like a 401(k)

By | Down Payment, Finance, Financing, General

HomeFundMe, a crowdfunding down payment site, expandsMany employers offer a number of benefits as a way to entice new employees to join the company and to keep their current employees satisfied, including health insurance, paid time off, and contributions to the employees’ 401(k) account. While employees may not see the benefits of their 401(k) until… Continued

January 11, 2018

Entry-Level Housing Inventory Jumped 10% in 4 weeks

By | Down Payment, Finance, General, Market Conditions, New home in Gilbert, Real Estate Market Conditions, Real Estate Tips

For Buyers: We have good news for first-time homebuyers!  A 10% rise in active single family homes between $150,000 and $200,000 over the last 4 weeks.  Seasonally, expect supply to begin rising in late September, so a turn this early in the year is unusual. This price point has been decreasing nearly every week since… Continued

August 10, 2017

FHA cuts mortgage insurance premiums again INVESTMENTSLENDING FHA cuts mortgage insurance premiums

By | Down Payment, General, Market Conditions

Most “new mortgages” will see cut of 25 basis points in annual premiums FHA is dropping the premium for the annual FHA MI.  It isn’t a huge drop from .85 down to .60 – effective for loan closing after 1/27/17. It will help increase the purchase price without increasing debt ratios from $3,000 – $4,000 When… Continued

January 9, 2017

The Truth About How Sellers Choose Their Buyers (It’s Not Always the Highest Offer!)

By | Down Payment, Finance, General, Market Conditions

Finding your perfect home can be easy but getting your offer accepted can be another story. Unlike my commercial deals, buying and selling of a home is complicated by all kinds of emotions and is certainly more competitive with homes listed in the East Valley under $400,000. So when you find that “perfect home,” what… Continued

November 17, 2016

Keep the toaster, we’re crowdfunding our down payment

By | Down Payment, General

Websites help newlyweds raise money to put toward real estate goals Courtesy of Inman News and Staff Writer Teke Wiggin http://www.inman.com/2014/07/30/keep-the-toaster-were-crowdfunding-our-down-payment/?utm_source=20140802&utm_medium=email&utm_campaign=weeklyheadlines Newlyweds tend to receive many gifts that end up in the trash or never see the light of day. Nowadays, many couples have been living together for years before they actually tie the knot,… Continued

August 2, 2014