Kristin Hill

HomePath is Fannie Mae's REO brand. When you see "Property eligible for HomePath" here's what it means:

The property qualifies for a Fannie Mae HomePath loan. In order to qualify for these loans, there are two, a property must have functioning systems, windows and doors. The house must be structurally sound with no environmental issues.

There is the HomePath Mortgage and the HomePath Renovation Mortgage. Here are the details of each:

HomePath Mortgage:

Although Fannie Mae prefers owner occupants, the HomePath mortgage is available to investors and 2^nd home purchasers as well. Owner occupants can qualify for a loan with as little as 3% down. Investors need 10% down. The HomePath mortgage does not require an appraisal which will save a buyer ~$400. There is also no mortgage insurance, which is very attractive considering where mortgage insurance rates are headed.

HomePath Renovation Mortgage:

This loan is only available to owner occupants and must be used to add value to the property. The money is put in an escrow account at closing for the buyers to have access to as the complete improvement projects. Buyers can apply for both HomePath loans.

There are currently 20 lenders that offer HomePath financing nationally and only 4 lenders that are offering the HomePath Renovation loan. Finding a qualified lender may be the most challenging part of getting this financing.

Green Mountain has so much to offer its residents! Situated at the foot of the foothills, trails for mountain biking and hiking can be accessed in 5 - 10 minutes. The close proximity to 6^th avenue allows you to access downtown within 15 minutes. There's lots of buzz around the new location of St. Anthony's Hospital just off Union Street. That whole section of retail businesses has been under revitalization for the past few years.

Hutchinson was the main builder in Green Mountain during the 60s and 70s. The majority of homes in the area were built during this time as a planned urban development. If you're looking at Hutchinson homes, you will quickly learn to recognize the four most common floor plans.

There are neighborhoods that have been built more recently. These neighborhoods offer more square feet and more custom variety. Heritage West is an older custom neighborhood. Solterra is a brand new community with a variety of custom builders.

If you're looking to move to Green Mountain in the near future, here's an overview of recent market activity:

Average sale price: $266,000

Average days on the market: 77

Now, these are averages for the whole area. If you want info. for specific neighborhoods or property type, feel free to contact me. kristinbhill@gmail.com or 303-817-7446.

At the beginning of the month Peregrine started construction (tenant improvements) on our new showroom space. We are taking a store front location on Main Street in Downtown Littleton and converting it into an office space that highlights our product and service. If you live in the metro Denver area, we'll be ready for visitors at the end of February. We are SO excited!

Here are some of our beginning demo and construction pictures.

I have to use both hands to track how many times a day that question is asked to me. And the truth is, in the Denver metro area things are not that bad. When I start to answer the question about the current real estate market that way, people look sceptical. But it really is the truth.

If you are trying to sell a home and it's in good condition and priced competitively, it will sell and it will sell quickly. For home owners who have lived in their homes for 5+ years, they usually can walk away on the positive side. If you live in the right area of Denver right now, your home could be experiencing double-digit appreciation annually.

Sure, the Denver area has its issues as well. There are pockets that have been labeled as depreciating by many appraisers which is making it challenging for buyers to close on their loan even if they are qualified. It seems that the area where the home is, is not qualified for the loan. This situation means REALTORS need to be even more diligent in their work and pay close attention to where their buyers are looking and ensure they can qualify for a loan in that area.

We do have our fair share of foreclosures as well. Nonetheless, I can imagine that the Denver market is looking dreamy to those in other areas of the nation right now. Our office is currently experiencing many transfer agents from the coasts.