Cash buyer for defunct properties

I am looking for non functioning homes, send me the address and I can look up owner information. Or if you are the owner please call or email me!


Buyer’s looking for ‘crap’

I have had several calls recently for buyers who are looking for derelict properties for rebuilding. So if you are sitting on a city lot that has an abandoned building on it please give me a call!


New Listing! 804 E 3rd Avenue

Wow, I remember this house from the previous owners, and it’s a whole new place! Even though it was built in 1985, this place has that ‘new home’ feel to it. Give me a call 304-2871 or check out our website http://www.nomesweethomes.com for more information!


FHA loan fees increase Monday April 9th

The upfront insurance premium charged on FHA-insured mortgages for home purchases will increase from 1 percent to 1.75 percent on April 9, and the annual FHA mortgage insurance premiums will rise by one-tenth of a percentage point.

This affects us here in Nome because the bulk of the loans I see buyers using are the FHA Rural loan, which has a 7% downpayment.  A modest 3br home will cost around $200k, which means payments would be approximately $24 more per month IF the borrower includes the upfront charge in the amount financed through a 30-year mortgage.

This could affect a buyer’s debt to income ratio, which is a big factor in loan approval.

 

 


Current AHFC rates

AHFC Single Family Rates Published on 02-Apr-12 at 07:07:37 AM
Alaska Housing Finance Corporation
Interest Rate Summary – Single Family
Rates valid from 4/02/2012 to 4/02/2012
Loan Programs 30 Year
Rural Housing* 3.875
Rural Non-Owner Occupied* 3.875
Tax-Exempt First-Time Homebuyer & Veterans Tax-Exempt** 3.62
Veterans Mortgage Program** 3.87
Taxable 4.125
Non-Conforming I 4.375
Non-Conforming II 4.125
Taxable First-Time Homebuyer 4.00
* Rural Housing and Rural Non-Owner Occupied Loan Programs – Interest Rates are applied to the first $250,000 only. The balance is at the Rural Rate plus 1%.
** For a limited time, new purchases under the Tax-Exempt First-Time Homebuyer, Veterans Tax-Exempt and Veterans Mortgage Programs will receive these lower rates. Streamline Refinances under any of these programs will receive rate +0.25%
Additional rate reductions are available for low to moderate income borrowers and for properties meeting energy efficiency criteria.


Appraiser coming to Nome Late April

Mike Scanlan is coming to Nome on April 23rd. Now is a great time to get your home refinanced or get under contract to purchase a home. Just be sure to jump thru the hoops with your lending institution in time to get it ordered!