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 […]
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 Pueblo real estate marketplace is hot right now. There are more buyers than homes for sale. In July 48% of all homes sold in Pueblo County did so within 30 days, that’s how quickly good homes are selling. I tell my sellers if the house is priced correctly and in decent shape it will […]
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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