When a buyer is looking at purchasing a home with a lower interest rate it may allow them the qualify for a more expensive home and save them money in interest payments. With mortgage interest rates at 20 year highs some owners are gaining a competitive advantage of their low interest rates when […]
There is no doubt that home prices have been rising steadily in the Pueblo real estate market. On Nov 28, 2017 the Federal Housing Finance Agency, the Federal Housing Administration announced it will increase its loan limits in most areas of the country in 2018. The FHFA limits are for loans eligible or guaranteed […]
Owning a home is still the American dream and the US Government in cooperation through programs like CHFA (Colorado Housing Authority and Finance Authority) have helped over 84,000 Coloradoans achieve home ownership since 1974. First time home buyers that are looking for down payment assistance must attend a first time home buyers education class […]
What is the difference between a mortgage interest rate and an APR? There are many costs associated with taking out a mortgage. They include: Interest Rates Points Fees and Other Charges View image | gettyimages.com The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate. […]
On Thursday, October 29, 2015 I attended a meeting of a group of top executives from the Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Colorado Housing Finance Authority (CHFA). The meeting was held to discuss with local REALTORS®, mortgage lenders and community members the impact on housing prices and the lack […]
In a recent poll done by Digital Risk they asked millennials (those in the 18-34 year old range) who had recently purchased homes found that 36% of them had purchased their home with less than a 5% down payment. A stunning 36% also still believed that a 20% down payment was the only way to […]
Colorado Smelter Added to the National Priorities List On December 11, 2014, EPA added the former Colorado Smelter to the National Priorities List (NPL) of Superfund sites. Superfund is the federal program that investigates and cleans up the most complex, uncontrolled or abandoned hazardous waste sites to protect public health and the environment. EPA and […]
The FirstDown program is available for first time home buyers in Pueblo, CO. Even though the program is used primarily for first time buyers, buyers who have owned a home within the last three years may also be eligible. The FirstDown program combines FHA financing with a second mortgage trust deed for 3% of […]
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