Susan Hilton College Station Real Estate
Realtor & Vice President of Sales of Bryan College Station Real Estate
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Archive for July, 2008
Duck Duck Goose – no – Duck Duck Girl – Where Am I?
July 29th, 2008 Categories: Where Am I?
Where is this pretty girl feeding her ducks located? Bryan, College Station, Navasota, Caldwell and Franklin have such interesting pieces of art throughout their towns. Where could this one be?
So, to win this contest you must answer these questions (that I like) -
1. Where is this located?
2. What is the name of the park nearest this statue? Read the rest of this entry »
| Discussion: 4 Comments »
How Does Credit History Affect Purchasing a Home & an FHA Loan?
July 28th, 2008 Categories: Buying
Ready to purchase a home but are concerned with something that happened in your past? Are you concerned about a foreclosure in the past in Bryan or College Station or beyond? Did you file bankruptcy? If so, an FHA insured loan may be the way to go.
The FHA is usually more flexible in its financing than conventional lenders when it comes to qualifying guidelines. FHA will still consider your loan and allow you to re-establish your credit Read the rest of this entry »
| Discussion: No Comments »
FHA Downpayment – How Much Is Required & How Do I Qualify?
July 28th, 2008 Categories: Buying
To obtain an FHA loan you will need at least 3% of the purchase price as a down payment. Conventional loans require more!
If you are purchasing a HUD home that 3% may be used towards your closing costs rather than a down payment so you can get into the HUD home for even less money out of pocket.
FHA guidelines allow you to use 31% of your income for housing costs and 43% for housing costs plus other long term debt. FHA tells us that if you exceed these ratios Read the rest of this entry »
| Discussion: 2 Comments »
Can Someone Assume My FHA Loan?
July 27th, 2008 Categories: Buying
Do you have an FHA insured loan? Do you have someone wanting to assume it? Can you let someone assume your FHA insured loan?
YES!
An existing FHA insured loan can be assumed. Assuming a loan is less expensive than going through the process of getting a new loan and is more streamlined. Sometimes, the original FHA insured loan even has a lower interest rate than what is currently available with a new loan!
What is needed to assume an FHA insured loan? The application process is started with the current lender. The new buyer must show that they have enough income to support the mortgage loan. A credit check is also required but no property appraisal is required. Since a credit check and application are required, the new buyer must be able to show (using FHA guidelines) that they can afford the loan payments to purchase and assume.
Are you ready to start the process of finding your new home – CALL US!
Susan Hilton – Realtor & Sales Trainer for Century 21 Beal
Search the ENTIRE Bryan/College Station MLS? CLICK HERE!!!
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Pole of Stars – Where Am I?
July 26th, 2008 Categories: Where Am I?
Where could this pole of stars be? What do they stand for? Be the first to post on these answers and be forever known as “MULTI STAR”.
Susan Hilton – Realtor & Sales Trainer for Century 21 Beal, Inc. Read the rest of this entry »
| Discussion: 3 Comments »
