Town N Country, FL

FHA Loans Now Available With Credit Scores As Low As 500

GREAT NEWS! In an effort to help increase home ownership opportunities to those currently underserved, we are introducing a new program. Our FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores.

Under this program, eligible borrowers can obtain affordable mortgage financing with scores AS LOW AS 500.

Some of the necessary common sense requirements are:

1) Debt to Income Ratio's must be LOW (31/43 MAX) making the payments AFFORDABLE!!!

2) Borrowers must show a propensity to save money and/or pay down debt

3) Borrowers must have a solid 2 year work history with 6 Months minimum on current job

Exceptions to this rule can be made on recent college graduates with a job that is related to their degree

4) Borrowers must have their own down payments of 3.5% ( NO GIFTS ALLOWED)

5) NO INCREASE in current Rent/Mortgage payments

6) Owner occupant borrowers only

For more information on this dynamic new loan program call or email me today

Is this a trend that will continue in the greater Tampa Bay market? Only time will tell. What does this mean? You can cut statistics up in any way you want to manipulate the results you are looking for. I have gathered by this information that property values may have started to stabilize and year-to-date sales averages are being supported by lower valued homes being sold. The increase of short sales and foreclosures sales would be more than an enough to keep sales averages down from this year to last. Sales frequency has dipped slightly so the lack of homes sold can't be much of a contributing factor to the decrease in average price. Don't over look the ability to turn the these foreclosures into some money earning potential. Your first home buyer today might be your luxury home buyer tomorrow. Building relationships within the community can only strengthen your imagine in that community, even if the payout is toward the lower end.

The 2009 National Association of Realtors Profile of Home Buyers and Sellers shows that first-time buyers accounted for a record 47 percent share of home sales over the past year, up from 41 percent in the 2008 survey. The share has risen steadily since a cyclical low of 36 percent in 2006.

The 2009 Tax Credit played a large part in these numbers. The extension till mid-year 2010 will no-doubt continue to stimulate the US real estate market. With increased demand, real estate pricing should begin to increase somewhat, especially in the homes priced under $200,000 often the price range for first time home buyers.

Please let me know what I can do to assist you in your dream of home ownership in Tampa Bay Florida.

Now is a terrific time to buy-low prices, low interest rates, tax credit for First Time Buyers and Move Up Buyers. Wow, it's a great time to be looking into purchasing a home.

Selling homes in Hillsborough, Pasco, Pinellas and Hernando Counties, specializing in First Time Home Buyers as well as short sales, preforeclosures and bank owned homes.

My Services are FREE to Buyers and have Buyer Incentives for my exclusive customers.

Call me on my cell phone - 813-624-3332
Stephanie LeFew
Tampa Home Buy Realty
www.TampaHomeBuy.com
stephanie@tampahomebuy.com
Tampa Bay Real Estate at Reduced Prices

Here is your Saturday tour of homes.  I know I usually video more homes for your viewing pleasure every week, to post here in my blog, every Saturday in your Saturday Tampa Tour of Homes, but some of what I looked at this week was less than desirable, or over priced, or not much to see.... so I decided to spare you those houses.

Here are a couple of really cool ones that we looked at this week priced REALLY WELL!!

This home, has SO many options.  It looks like maybe 3 different generations or a family with multi-family combined housing needs lived here.   Anyway, this has so much opportunity here.

   .   .   .  Enjoy your Saturday Tour of Homes in Tampa!

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Video 2

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Have any more questions about one of the homes you have seen here? Just EMAIL ME... the link is RIGHT there on the RIGHT HAND SIDE (at the TOP just below my photo) --->