Embed from Getty Images 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 […]
Buying a home is no small matter. Besides being the largest financial transaction you may ever undertake, it’s probably also the most complex. There are many good reasons to work with a qualified real estate professional—especially a trained professional who has earned the Accredited Buyer’s Representative (ABR®) designation, representing best-in-class buyer services. When you look […]
If you have been thinking about owning a home now is a good time to start saving for that down payment.In Pueblo County, overall home prices rose on average roughly 12% in 2015. The Colorado First Time Homebuyer Savings Account Act was passed by the Colorado Legislature which should help Coloradoans to save money for […]
If you have been looking at Pueblo homes for sale online for very long you no doubt have come across Zillow.com Zestimate®, pronounced (ZEST-ti-met). The Zestimate® home valuation is Zillow’s estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate […]
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. […]
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 […]
This handy little infographic outlines the steps to home ownership in a fun to read and understand graphic. Start saving for a down payment Make sure you have a good credit score Get Pre-Approved Find a Great Real Estate Agent Start Looking at Homes Make an Offer Close Escrow A side note: at the beginning […]
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 […]
A reduction in the mortgage premium insurance means many more first time Pueblo Home buyers should qualify for home loans. On Jan. 8, 2015, President Barack Obama announced along with Chris Polychron, President of the National Association of REALTORS® (NAR) that the Federal Housing Administration (FHA) will reduce the FHA annual mortgage premium insurance (MPI) […]
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