That’s right. From now until 10/1/12 you too can buy a HUD home for only $100 down. First off, what’s a HUD home you may ask? A HUD home is simply a foreclosure that was purchased using an FHA loan. Millions of Americans have purchased homes using FHA Financing which insures the lender that if [...]
In last night’s job speech President Obama pledged assistance to millions of American homeowners that are trapped in a high interest rate mortgage and can’t refinance there home either due to weak credit or not having enough equity in there home. This is certainly a step in the right direction, but is it to little [...]
Have you had your eye on a $400k home and had plans to use an FHA to purchase it? You’ve got one month to get off the fence and pull the trigger because loan limits for FHA are going down. Currently in Denver you can use an FHA loan to purchase a home for up [...]
If you have been sitting on the fence regarding a new home purchase now may be the time to finally get off. Interest rates on a 30 year mortgage hit an all time low at 4.15%, beating the previous record of 4.17% reached last November. The last time interest rates were this low was 1971. [...]
Your credit score is one of the biggest considerations lenders use to determine if you are qualified to borrow money to buy a home. I know many folks who make great money, however, their credit score is sub 580 which is the absolute lowest score I’ve ever seen anyone qualify with. For most people it’s [...]
Usually in life when something seems to good to be true, well it is. Especially when it comes to Real Estate where things that are too good to be true rarely exist. The late night infomercials say you can buy homes for nothing down and sometimes for pennies on the dollar, but that’s just a [...]
HUD Homes can be a fantastic opportunity for both owner occupied or investment properties. A lot of home buyers are intrigued by HUD homes but to most they seem too unattainable, or the process seems too complex. We have been able to secure HUD properties for clients at some fantastic prices, including a remodeled 1BR [...]
Guest Post by Bobby Kurpinsky: The Colorado Housing Assistance Corporation, otherwise known as CHAC, offers down payment assistance to First Time Home Buyers who only have $1000 to put down on a home. CHAC considers a first time home buyer to be anybody who has not owned a home within the last three years. CHAC [...]
This is a guest post by Bobby Kurpinsky: Believe it or not there are still many low down payment mortage options to buyers in the state of Colorado. If you are a first time homebuyer, which means you haven’t owned a home in the past three years, and you want to take advantage of the [...]
Posted on September 14th by Ryan Penn, Denver Realtor: Many people we talk to about purchasing a home have been waiting out the market to see if home prices and interest rates are going to drop any further. Does this sound like you? Then keep reading. It’s hard to fault anyone for being cautious right [...]