West End, Birmingham
-
Announcing a price reduction
on 5431 SW Jefferson Ave, a lot / land. Now
MLS®
$50,000
- NEW PRICE - 5.26 Acres -.
Property information
Well Maintained Home!
• 3 bath, 3 bdrm 2 story split "Split Foyer Entrance"
-
MLS®
$213,900
South Crest, Helena
-
Beautiful home features 3 Bedrooms, 3 Baths and a basement Bonus Room. This lovely home boasts gorgeous hardwood flooring in Great Room, Kitchen, Dining Room, and foyer. The Great Room features built-in surround sound, crown molding and a fireplace with gas logs. Kitchen features bay window eating area, beautiful tile backsplash, and all appliances remain. The Dining Room overlooks the wrought iron railing to the foyer and is open to the Great Room. Down the hall is a guest bedroom with a full bath across the hall. The Master Suite easily accommodates king size furniture and has a walk-in closet. The Master Bath boasts a jetted corner tub, with windows on both sides, separate shower, double vanities, and another walk-in closet. Located downstairs is a third Bedroom, a Full Bath, Bonus Room, Laundry Room, Storm Shelter, and a oversize two car garage. Spend your summer entertaining friends and family on the newly finished screen porch. Make your viewing appointment today!!
Property information
• 2,441 sq. ft., 3 bath, 3 bdrm 2 story "Traditional" - MLS® $194,900 - New Listing
Kentwood, Alabaster - Enter this beautiful three bedroom, 3.5 bath home with leaded glass sidelights and transom. One in the foyer you will marvel at the dental crown molding, arch entrances and beautiful chandelier. The formal Dining Room features a bay window and elegant lighting. The spacious Great Room boasts a bay window, marble fireplace and a real wall of windows for lots of daylight. The updated kitchen has gorgeous granite countertops, a desk workspace, a pantry and a bay window eating area that overlooks the private deck and back yard. The glass panel door leads to the basement to a wonderful recently completed retreat which consists of a media room with wetbar and a full bath. Located on the other side is a two car garage. Upstairs is a fabulous Master Suite that features a trey ceiling with crown molding. The spa style Master Bath boasts a jetted tub, separate shower, double vanities and walk-in closet. All this well loved home needs is a new owner. Make your viewing appointment today!
Property information
USDA will be changing their upfront mortgage insurance and adding monthly
mortgage insurance (PMI) as of October 1, 2011.
If you are trying to get approved for a USDA loan, please have it
signed/approved before this date. This could affect whether or not a
client will qualify. See below!
IMPLEMENTATION RESPONSIBILITIES:
Beginning October 1, 2011, it is anticipated that all purchase loans
transactions will be charged:
(1) an up-front guarantee fee equal to 2 percent of the loan amount
(2) an annual fee of 0.3 percent of the unpaid principal balance.
Who can qualify for FHA 203H loan?
Individuals or families (owner-occupied) whose residences were destroyed or damaged as a result of disaster in the area. (The president of United States has declared the affected areas as "Disaster"
This applies for purchase or refinance homeowners as well as apartment dwellers
What documents need to be submitted?
Documentation to show permanent residence in affected area, such as:
- Valid Driver's License
- Voter Registration Card
- Current Utility Bill
Documentation to show evidence that property was destroyed or damaged and requires rebuilding or replacement, such as:
- Insurance report
- Inspection report from independent fee inspector
- Inspection report from government agency
- Conclusive photographic evidence showing destruction or damage
Eligible Properties
- One unit detached home
- One unit in a condo approved for FHA Lending
These loans are manually underwritten. Each file will be reviewed case by case for final Credit Approval.
FHA 203H Debt to Income rations - 45% ***could exceed based on compensating factors
Several lenders have FHA 203H loans
For a list of approved lenders, homeowners can search HUD website.
Let me Help You Find Your New Home
LaVoun Perdue - Century 21 Advantage - Associate Broker
Direct: 205-222-7420 / Email: lavounp@bellsouth.net
www.alabamahomeslp.com
Filed under: House, home, loan, refinance, FHA 203H, HUD, storm, damage, replace, finance, tornado
In today's tough economy, there is still several ways to purchase a home with a little money down:
1. USDA - No money down, home has to be in a rural area. Contact me today for areas that qualify!
2. HUD - If home is up to $50,000, you need $500 down, over $50,000 you will need $1,000. If you are going to be an owner occupant, $100 will be your downpayment, the balance will go toward your closing costs. You may also borrow money to do repairs.
3. HOMEPATH - If you are owner occupant, $100 down will be your downpayment.
4. FHA - Requires 3.5% of total purchase as downpayment.
If you have questions, please comment and I will be happy to respond!
West End, Birmingham
-
Announcing a price reduction
on 5431 SW Jefferson Ave, a lot / land. Now
MLS®
$80,000
- REDUCED - 5.26 Acres -.
Property information
Is now a good time to buy a foreclosure? Local markets vary based on location. There are questions buyers should ask before making an offer on a property in foreclosure.
Buyers should be preapproved for a loan before they start to shop. If a buyer is buying as a second home or investment property, they need to understand financing will be more expensive and than financing a home to live in.
Buyers need to be aware of unpaid liens, taxes, home equity lines, utility bills, second mortgages, etc. These obligations could become the new buyer's responsibility when they purchase the foreclosure. If the property goes through a foreclosure auction and becomes bank-owned, the outstanding fees could be transferred to the new owner.
For additional information, go to http://www.alabamahomeslp.com/Foreclosure_Help/page_2046582.html
Real Estate is a complex process in today's enviornment at best. I thought I would offer this blog to help answer any questions you might have. For Sale By Owner and Home Sellers usually want to know "What is my house worth?" The first time home buyer usually wants to know "how much house can I afford."
I will be happy to entertain any of your real estate questions, i.e. 2009 tax credit, how to find a mortgage lender or how do a find a certified home inspector, etc.
You can find answers to many of your questions on my website at www.alabamahomeslp.com. Using this blog is as easy as typing your question/comment here, and I will respond. Let me know how I can help ease your mind when you are thinking of buying a home or selling a house.
Filed under: Real Estate, For Sale, Finances, Buyer Information, Seller Information, For Sale house, House, new home buyers, purchaser, qualify, buy, home, residence
Please feel free to ask your questions, I will be delighted to answer and give you advice as a first time home buyer. The number one question new buyers have is "Can I afford to purchase a home, or should I look for a foreclosure?" Do I qualify for the $8000 Tax Credit?
If you have questions on selling your home, I will be happy to entertain them as well. You will find answers to many of your questions on my website www.alabamahomeslp.com.
Let me know how I can help ease your mind when it comes to the buying or selling process.
Filed under: Real Estate, For Sale, Buyer Information, Seller Information, For Sale house, House, new home buyers, $8000 tax credit, purchaser, buy, home, cash buyer, investor, foreclosure, bank owned