5 Tips for first time home buyers in Indianapolis
In the current real estate market, many people are taking advantage of home prices in Indianapolis, coupled with low interest rates to become first time home buyers. When you compare the cost of renting versus buying, it makes perfect sense for many....
Posted by Paula Henry on September 28, 2011 in Buyer Resources
Your Next Home Program from Indiana Housing
Indiana Housing has been instrumental in providing no downpayment loan programs for first time home buyers. They now offer a loan program for home buyers who are moving up or buying their next home, aptly named the 'Next Home' program.
Many home ...
Posted by Paula Henry on June 8, 2011 in Mortgage News and Info
The Right Way To Take A Cash Gift For Downpayment
As lenders tighten mortgage guidelines for Indianapolis home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down.
Today, most conventional mortgages require at least 10 percent....
Posted by Paula Henry on May 28, 2010 in Mortgage News and Info
First Time Home Buyers Down Payment Assistance
INDIANA HOUSING DOWN PAYMENT ASSISTANCE PROGRAM
If you are a first time home buyer in Indianapolis, you should know your financing options. The Indiana Housing Program for first time home buyers who are creditworthy, but may not have the initial ...
Posted by Paula Henry on February 3, 2010 in Mortgage News and Info
Winning the Bid on a HUD Home
In Pursuit of a Winning Bid
For the last eight months I have been working with a first time home buyer in the $80,000 price range. Based on her criteria, the area she wanted to live and price of the average home in the area, we knew it ...
Posted by Paula Henry on October 12, 2009 in Buyer Resources
Indiana Housing Rates Down to 5.5%
Indiana Housing & Community Development Authority (IHCDA) lowered their rate today to 5.625%.
When the buyer completes their home buying class (mandatory), they can receive a rate of 5.50%. If you read my post a few weeks ago about the advantage ...
Posted by Paula Henry on June 18, 2009 in Buyer Resources
Indiana Housing Interest Rate Change
Today is July 1, 2008 and the interest rate on Indiana Housing loans goes up. This is twice in the last month. Effective today, the rate for a loan form Indiana Housing is 6.125%.
Buyers can still complete the online course and receive a .125% ...
Posted by Paula Henry on July 1, 2008 in Buyer Resources
I love real estate! This is a business with its ups and downs and sometimes sideways roads to maneuver. Even when you think you might have it all figured out, you usually don't. The next transaction will be the one which proves it to you....
Posted by Paula Henry on August 18, 2007 in Buyer Resources