How 3% can make all the difference

New FHA rules being implemented soon mean that FHA buyers need to act now or be prepared for more out of pocket dollars!

Read Full Post »

Interest Rates for May 5, 2009

United Community Bank CONVENTIONAL 30 yr fixed – 4.625% APR 4.755% 360 P&I Payments @ $1028.28 15 yr fixed – 4.25% APR 4.474% 180 P&I Payments @ $1504.56 – based on $200,000 loan and excellent credit GOVERNMENT 30 yr FHA/VA fixed – 4.75% APR 5.370 360 P&I Payments @ $1021.88 – based on $200,000 sales [...]

Read Full Post »

Current Interest Rates

Rates as of April 28, 2009 United Community Bank CONVENTIONAL 30 yr fixed – 4.375% APR 4.503% 360 P&I Payments @ $998.57 15 yr fixed – 4.25% APR 4.474% 180 P&I Payments @ $1504.56 – based on $200,000 loan and excellent credit GOVERNMENT 30 yr FHA/VA fixed – 4.75% APR 5.370 360 P&I Payments @ [...]

Read Full Post »

First Time Home Buyer Alert!

THDA, Tennessee Housing Development Agency, has introduced their anticipated second mortgage program. The program is designed to be used in conjunction with the stimulus tax credit for first time home buyers. The purpose is to assist potential home owners by providing a no interest loan which will enable many first time home buyers to purchase [...]

Read Full Post »

Buying a HUD Home in TN

Buying a HUD house, i.e. a home owned by the Department of Housing and Urban Development, is generally the same as buying any other home with a few key differences. 1. HUD homes are listed for a set amount of time, usually around 10 days, before any offers will be considered. At the expiration of [...]

Read Full Post »