One of the perks of living in Dayton is home prices that are the envy of the rest of the country, but buying a lower priced home isn’t always as easy as you might think. But never fear- you do have some options, and I’m here to share them with you!
What TRID changes is how the loan and all costs associated with it, are disclosed, how the lender complies with those new rules, and the timeline for final delivery of the loan details to the buyer. This timeline can be fluid, creating difficulty with moving dates, same-day closings, and other logistic problems, and that’s why Realtors and lenders are advising building in extra time for closing.
All of these questions need to be taken into consideration in addition to the mortgage qualifying process in order for you to be happy with your home. I don’t want you to happy with your home for the first month you live there, I want you to be happy for as long as you live there!
Lenders give us the 8 Commandments for keeping that loan from preapproval through to Clear to Close.
HUD Homes are a unique way to purchase property. When you are ready to find out more about HUD homes or the 203(k) loan, contact me, Teri Lussier, Realty Central, at 937.343.1411.
A quick look at some of the best real estate information recently posted from around the web, of interest to Dayton Ohio real estate consumers.
Discussing the benefits of using the FHA 203k Renovation Loan in Dayton OH, Theresa Lussier, REALTOR, Exit Realty Central
The Welcome Home Grant is an Affordable Housing Program (AHP) that helps low- and moderate-income home buyers with down payment and/or closing cost assistance. Home buyers must meet eligibility requirements, and all funds are dispersed on a first come- first served basis, Funds will be made available beginning March 1, 2012 and last year they went within months.
ReBuildUSA 203k course is a loan program that will roll the cost of renovations into the home loan. If you are looking at foreclosures, short sales, or distressed properties but have some concerns over funding the renovation costs, this loan might be something to consider. Call or text Teri Lussier at 937.343.1411 if you would like more information.
The holiday was lovely. A very special time for my family, and time slipped past, for which I make no apologies. It was mentally necessary. But this is 2010, and it’s time to refocus. I’m passing this along from mortgage lender, Tom Vanderwell with Fifth Thrid Mortgages, who gives us Straight Talk About Mortgages, and […]