If you or a client were planning on applying for the Florida Housing $15,000 Bond Program, DO IT NOW! Florida Housing has announced that they will be pulling the program as of mid December 2017. Income limits on this program are $81,900 per household and will scale back to the original Bond program that offers $7,500 with income limits between $59,463 – $69,960. In order to secure the $15,000 you must have attended a Down Payment Assistance program, be fully pre-approved, have a fully excecuted contract and the lender must have you registered with the FHFC. For more info or… Read More
Interviewed by Rhonda Eaves of Real Property International Bruce was recently honored to sit down and speak with Top Producer, Rhonda Eaves of Real Property International at her office in Windermere, FL. See her interview of Bruce below: Cross Country Mortgage, Meet Branch Sales Manager Bruce Woodburn Are you looking to buy a house and want to know about your home loan options? Learn about Cross County Mortgage and what makes them different from other home loan companies from Branch Sales Manager, Bruce Woodburn. Tell me about Cross Country Mortgage Cross County Mortgage is a direct lender that is nationwide including Alaska… Read More
How to Buy a House: The 5 New Rules That Can Make or Break Your Offer Source: www.Realtor.com, By Daniel Bortz | Apr 26, 2017 Rule No. 1: Prepare for a marathon house hunt With today’s low housing inventory and strong buyer demand, it might take you three to six months to buy a house—and maybe even up to a year in some of the country’s tightest markets. Prepare accordingly. You’re more likely to encounter a multiple-offer situation today than in years past, says Sanderfoot, vastly complicating many negotiations. So don’t presume you’ll be moving any time soon. If you do have a fast-approaching deadline for… Read More
Home In One: The 1% Down Program From CrossCountry Mortgage, Inc. Not everyone can put 20%, 10% or even 5% down on a new home. It’s a significant amount of money that can take a long time to save. That’s why CrossCountry Mortgage, Inc. offers Home In One, our 1% down program. PROGRAM BENEFITS A combined 3% down payment: 1% from you and 2% as a non-repayable gift from CrossCountry Mortgage, Inc. Funds for the down payment and closing costs can come from family, secondary financing, and more Available as a 15, 20, or 30-year fixed-rate mortgage Also available for… Read More
Buying a home is a major financial decision — one of the largest you’ll likely make in your lifetime. A significant part of this process is saving up for a down payment. Many homebuyers will work hard and save for many years to build up their savings for this important purchase. But what amount is right for you? That all depends on the cost of the home you’re looking to buy and what your personal financial situation and goals are. GOING CONVENTIONAL The traditional down payment amount is 20%. For example, if the home you’re looking to purchase is $200,000,… Read More
What Is A USDA Rural Home Loan? USDA mortgages are a great way for rural homeowners to get up to 100% financing — and several other benefits — on a new home! Whether you’re looking to buy, build, repair, renovate, or even relocate a home, a USDA rural home loan from CrossCountry Mortgage, Inc. can help you make your homeownership dreams come true. Buying a home is now well within reach for rural residents thanks to USDA rural home loans. The mission statement of the USDA home loan program is “to improve the economy and quality of life in rural… Read More
It’s time for buyers to prepare as the Central Florida Housing Market gears up for peak listing season. So house hunt with peace-of-mind that you’re ready to go! With a pre-approval in hand, and a rate-quote in mind, you’ll be able to make a stronger offer in a market where multiple offers are the norm. Visit our Application Center to get a free, personalized rate quote today!
Click the image to view the details on the St. Paddy’s Day Flash Sale for Free Appraisals this Weekend!
October 5th, 2016 New home sales were down but outpaced market expectations, while lay-offs crept up but remained well inside safe territory, and personal incomes were up.New Home Sales The big news last week was new home sales for August, which hit an annual rate of 609,000, according to last week’s joint report from the Census Bureau and the Department of Housing and Urban Development. This marked a 7.6 percent drop from July’s rate of 659,000, but was 13,000 units higher than the 585,000-unit pace the market had expected. Compared to last year’s sales for the same time period,… Read More
September 28th, 2016 The pace of existing home sales fell, while housing starts were down, and lay-offs continued to decline. Existing Home Sales Existing home sales slowed for the second month in a row, falling 0.9 percent to an annual rate of 5.33 million in August, according to last week’s report from the National Association of Realtors. August’s decline put transactions of single-family homes, townhomes, and condominiums and co-ops at their second-lowest pace of 2016. When compared annually, existing home sales are 0.8 percent higher than August 2015’s 5.29 million pace. So why were sales slipping? NAR Chief Economist Lawrence… Read More
Last Week’s Economic News in Review September 21st, 2016 Retail sales fell further than anticipated, while consumer prices crept up, and still-low layoffs notched up slightly. Retail Sales Retail sales for August fell 0.3 percent to $456.3 billion, according to last week’s report from the Census Bureau. The fall-off in performance was greater than market expectations, which had anticipated a 0.1 percent decline. Compared to last year, August’s sales were 1.9 percent higher than August 2015’s sales. August’s poor sales performance was shared across nearly every major retail sales category. Notable losses included miscellaneous store retailers, which dropped 2.4 percent;… Read More