If you are ready to buy a house and are looking at loan options, it is a great idea to see if you qualify for a government-backed loan. There are a couple of different options for government-backed loans, some with great benefits and some that are very similar to a conventional loan. Here’s a look at some loan types backed by the government: FHA Loans …
At the USHUD cooperative we get calls every day from people that need help and new business. What goes wrong is reviewed here and what goes right is also covered in another post. The first thing that goes wrong is real estate professionals are not tech or marketing wizards, and they shouldn’t have to be. Real estate professionals are professionals in their industry and that …
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Quicken Loans, the nation’s largest Federal Housing Administration (FHA) mortgage lender, filed suit Friday in Federal District Court against the United States Department of Justice (DOJ) and Department of Housing and Urban Development (HUD). The company was left with no alternative but to take this action after the DOJ demanded Quicken Loans make public admissions that were blatantly false, as well as pay an inexplicable …
Opinions on where real estate prices are heading from here might be mixed, but one thing is becoming increasingly clear: Millennials will be a big part of it. According to a recent survey from the National Association of REALTORS® (NAR), the so-called millennial generation—depending who you ask, it’s defined as those born between the early 1980s and late 1990s—comprised the biggest segment of homebuyers across …
Today’s real estate agents have countless ways to get their faces and names in front of prospective buyers or sellers, from paid advertising to social media to community involvement and much, much more. Most of you craft some combination of elements to fit your style and target audience. You use Facebook, send emails, buy ads and do a hundred little things that help your prospects …
Doing the best for the market does not always mean achieving the best and highest price for a home. Sometimes it means getting the home off of the market and this helps the entire community. Home prices are based on the other homes in the market. For this reason a vacant home can have a dramatically negative effect on the rest of the neighborhood. Focusing …
We have all seen them. The houses that look like if they had a knife they would attack us. The houses that children’s nightmares are made of. These homes are not always a bad thing, especially if we know how to use a FHA 203k mortgage. A 203k mortgage is generally available for a home that requires more than $5000 or more in order to …
Many homes are in fine condition but could be improved to the buyers taste but what if the buyer only has the down payment and doesn’t have or want to use any additional funds in order to bring what could be a great home up to their particular standard? USHUD believes that the answer is very likely a FHA 203b mortgage that allows for repairs …