Financing

For a limited time, the government is offering up to an $8,000 tax credit for first time home buyers and $6,500 for people who have owned a home for 5 out of the last 8 years! Buyers must sign a purchase contract by April 30, 2010 and close by June 30, 2010. Please contact me for more details and income limitations.

Financing a home is an extremely important decision that requires careful planning and attention to all details.  As someone who deals with buying and selling homes on a regular basis, we can assist you in finding the right lender to suit your needs. 

Obtaining financing is the first step in the home buying process. Before you start seriously looking at homes, we recommend that you get pre-qualified so that you know rates, terms, payments, and your price range.

Here are a few important national websites you should visit when searching for financing. 

Federal Housing Administration (FHA)
The Federal Housing Administration (FHA) is an agency of the federal government that insures private loans that are issued for new and existing housing. This agency also makes sure that loans are approved for repairs too. To find out if you are eligible for an FHA-insured loan, contact me today.

Mortgage Bankers Association of America - Consumer Information
The Mortgage Bankers Association of America is the main association that represents the Real Estate Finance Industry. This consumer information site contains several guides for purchasing or refinancing a home.

Freddie Mac Homebuying Education
Freddie Mac is a publicly held company designed by Congress to help to increase the supply of funds that mortgage lenders can make available to homebuyers and investors.  This website has step-by-step tutorials on the homebuying process, as well as a lot of useful information!