Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent. The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday […]
Archives for May 2009
HASP: Homewoner Affordability and Stability Plan
2009 has been a year of new words. HASP means Homeowner Affordabilty and Stability Plan This plan is for helping those with Fannie Mae or Freddie Mac loans. If you meet all the qualifcations, you may be able to refinance a high Loan to Value loan using guidelines not previously allowed at an attractive interest […]
First Time Buyer Tax Credit-FHA Announcement!
FHA announced yesterday that FHA buyers will be able to use the $8000 tax credit toward their down payment. Along with the low interest rates, this is the best time ever to be a first time buyer! For more details on this recent annoucement, check out the link below: http://www.realtor.org/press_room/news_releases/2009/05/re_summit
Carbon Monoxide Detector Law in Colorado goes in effect 7-1-2009
The recents deaths from carbon monoxide poisoning in homes has prompted the state legislature to create House Bill 1091. In short, if you are going to be selling or renting a property after 7-1-2009 you will be required to have a carbon monoxide detector in the property. In fact, our listing contracts will be changing as of […]