About Hillsborough County, FL

Income property can have very stable, respectful and reliable tenants. Tampa, FL

Lots of furnished rooms for rent are not clean and contain old, thread bear chairs, sofas, and soiled mattresses. Would you want to stay any longer than you had to in a place that does not support a good sense of self-esteem? Nicely furnished rooms generate good paying tenants, who stay for extended periods.

Our favored tenant populations normally do not have their own transportation so proximity to public transportation is necessity.

Key to this equation within our program is good tenant screening, which oddly enough doesn’t include credit or traditional background checks. Our tenants are referred to us, so we gain knowledge about them and their history though direct questioning of people who are familiar with each potential tenant individually. We learn of personal background information and work experience. This type of screening done systematically will produce good paying renters who stay for long periods creating a stable house.

To discover more about setting up transitional housing, please download our free Ebook from the side bar on our main blog site.

Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.

The FHA, or Federal Housing Administration, has helped many a homeowner buy a Tampa home for sale by providing mortgage insurance through FHA-approved lenders. However, a change in policy, announced in January, may make it harder for those with poor credit.

Before we talk about FHA's change in policy, let's cover a few of the basics about the FHA and how it might help you buy a Tampa home for sale.

What is the FHA?

The FHA is a government agency that provides mortgage insurance to approved lending institutions. It assists homebuyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults. This encourages lenders to make loans to borrowers who might otherwise not be able to get a loan.

What is an FHA Loan?

An FHA loan is a loan provided by an FHA-approved lender and insured by the FHA. In other words, the FHA guarantees that a lender won't have to write off a loan if the borrower defaults - the FHA will pay. Because of this guarantee, lenders are willing to make mortgage loans.

An FHA loan might help you get a mortgage by providing:

• Lower down payments
• Lower closing costs
• Easier credit qualifications

Now let's talk about the changes FHA is making…

The Future of FHA Loans

Until recently, the FHA has managed to weather the real estate turmoil rather well. In fact, the turbulence surrounding other lenders had potential homebuyers flocking to take advantage of FHA loans. However, even FHA's bank account is starting to suffer. In order to shore up capital reserves and keep 34 million families in their homes, the FHA is changing the rules.

Before the changes, borrowers were required to pay a down payment of 3.5% of the cost of the home. Now, borrowers with a credit rating below 580 will be required to pay at least a 10% down payment. As well, the good upfront mortgage insurance premiums of 1.75% are increasing to 2.25%. The FHA is now trying to get Congress' approval to raise the annual premiums from 0.55%, although the amount it will seek is still unknown.

What This Means for You

If you're interested in buying a Tampa home for sale, but haven't because you're waiting for the market to bottom out, you may end up losing out on a great deal. With almost record low mortgage rates, home values lower than they've been for eight years, the first-time and upgrade homebuyer tax credits and a wide selection of homes, there may never be a better time to buy.

Whether you want to use an FHA loan or a traditional loan, I can help you cash in on this great buyer's market. Call me today at 813-469-3163 or email me at Jeff@MakeTampaYourHome.com.

Want a home on a little piece of land? Come and join the residents of Southwood Estates. It is off of Nichols Rd in Lithia. This small subdivision is perfect to raise a family or retire. Away from the city but close to everything. Get away from the cities and enjoy life's peace and quiet.

Lithia has recently seen the construction of several new grade schools, a middle school and a high school. The residential growth has also been accompanied by growth in the commercial sector of restaurants, stores and day care. Come experience the Florida Lifestyle in Lithia with the nearby sparkling beaches of Clearwater Beach and just a little bit to the south is St. Pete Beach. It is a just short drive to I-75 and then it is an easy commute to Largo, Clearwater, Bradenton, St. Petersburg, or a quick trip to MacDill Air Force Base.

You will love peaceful way of life in Lithia, The community offers convenient access to beautiful Gulf beaches, golf courses, restaurants, medical facilities, amusement parks, shopping, downtown Tampa and more. That's why the community is ideal for buyers looking to find the perfect home in a quiet, community atmosphere.

The contents of this posting are the property of Pam Mabe and Solaris Realty of TampaBay. Pam Mabe is a broker working in the Pinellas and Hillsborough area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website at TampaHomeGuides.

Visit my profile to find my more about my services. Call 813-245-0316. To view homes for sale in the Pinellas and Hillsborough area, click here and then fill in the information on your dream home.

Congratulations to the Super Bowl Champion New Orleans Saints, the City and its fans. It was a terrific game and it's nice to see the city of New Orleans celebrate, after going through a period of hard times. And the Halftime Show put on by The Who, reminded us that father time is relentless and takes it toll.

Stocks have fallen sharply the past three weeks with the Dow losing 700 points along the way, which has helped to keep the interest rates steady. But if Stocks are are showing some positive technical signs of a turnaround and potential rebound higher. This would be a negative for Mortgage rate. This would be what everyone would be fearing the rise of rates!

On Wednesday, Fed Chairman Ben Bernanke is scheduled to testify before the House Financial Services Committee to discuss the Fed's plan to withdraw emergency stimulus from the economy - including the $1.25T Mortgage backed Security purchase program. do you think releasing this extra money is a good idea for the country or should we leave thing alone to see if the country can make it on its own with out any more pumping of cash.

Here is a search for waterfront condos in Tampa from the affordable to multi-million dollar condos for sale in Tampa.

Please let me know if you have any questions about the Real Estate Market in Tampa and the surrounding areas in Tampa Bay.

Looking forward to hearing from you.

All Services are FREE to Buyers!! Ask about Buyer Incentives for YOU as our exclusive Buyer!

Warmly,
Stephanie LeFew
Tampa Home Buy Realty
stephanie@tampahomebuy.com
www.TampaHomeBuy.com
Tampa Waterfront Realtor Tampa waterfront real estate for sale
813-624-3332 / 813-991-1355
Hillsborough County Florida Waterfront Condos for sale