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!
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!
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!
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.
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
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.
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!