The days of a 2BR/2BA unit in a "newer" development for under $175K, I believe, have come and gone. Foreclosures are dwindling and short sales are moving a little bit quicker. Panama City Beach has truly awoken from a three year sleep! If ever you were going to get off the fence and purchase an investment property or second home, now is time. As the old saying goes, "you snooze, you loose!" Literally!
The beaches are absolutely gorgeous and there is not a cloud in the sky. This weekend is Thunder Beach, and as I write this post I hear the motorcycles roaring by. I could think of a more perfect place to escape to the beach!
While you’d like to get the best price for your home, consider our six reasons to reduce your home price. Read
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Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®
Rate Sheet
July 23, 2010
Conventional Rates based on a loan amount of $200,000 with 720 Credit Score
Conventional Loans with PMI require 720 Score
VA/FHA/USDA Rates based on a $200,000 with a 720 Credit Scores
Rate: Term: LTV: Points/Origination:
Conventional:
4.375% 30 Years 90% None
3.875% 15 Years 90% None
VA :
4.25% 30 Years 100% None
FHA:
4.25% 30 Years 96.5% None
Rural Development (USDA):
4.75% 30 Years 100% None
FHA Limit for Bay County is $396,250.00
VA Limit is $417,000.00
USDA Income Limit $74,050 for 1 -4 People
$97,750 for 5 - 8 People
Rates are subject to change without notice!
This information is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined in section 226.2 of Reg Z.
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Specializing in all areas of residential real estate, detached/attached single family and condos. Seniors Real Estate Specialist, Certified Negotiator, e-PRO (internet marketing), and Senior Assoc.
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