Believe it or not, inspite of all that you've heard on the news lately, there are still 100% loan opportunities for homes tha
t fall under the category of Rural Housing. The USDA program (also known as Rural Housing) has not changed their guidelines.
These loans are Zero Down and require no Monthly Mortgage Insurance (commonly referred to as "PMI"). They do, however, collect a Guarantee Fee which ends up getting financed into the loan (so yes, the customer ends up financing more than 100% into the loan when you figure there was no down payment, plus an additional fee rolled in).
Borrowers must meet income limits and the property must fall into a Rural Housing designated area. Right now, the income limits are based on household size and go up incrementally per person.
After January 1st, they will have only two categories of income: 1. Family of 4 or under or 2. Family of greater than 4. This will benefit singles and couples with no children as they will be able to take advantage of higher income limits.
To find out if a property you are interested in is in a USDA area, simply go to http://www.rurdev.usda.gov/
From there you will need to go to:
This information came to us courtesy of Jody Bleier with Stonegate Mortgage here in Greenwood. If you have more specific questions, please feel free to contact her directly at: 317.213.1387 And be sure you tell her that you found her at iShopGreenwood.com !
This post originally appeared at www.iShopGreenwood.com
Yes, I realize it's a "Buyer's Market" right now, but that doesn't mean it's necessarily a good time to "Flip" real estate."Oh, but they're so cheap. I can buy it for this, put so much into it and sell it for that." Wrong!
| 46142 | Indiana | |
|---|---|---|
| Median Home Price | $99,000 | N/A |
| In Current Residence 5+ Years | 40.21% | 38.63% |
| Annual Residential Turnover | 18.97% | 17.39% |
| Median Years in Residence | 3.96 | 3.73 |
| Median Dwelling Age | 22 | 34 |
[/caption]
<!--more-->From what we can see, it looks like most of our residents are staying in their homes close to 4 years before moving onto the next one and that our Median Home Price in the 46142 zip code is $99,000.
A little over 40% of our residents stay in their homes for more than 5 years; the average home is about 22 years old and every year, approximately 19% of the homes in our 46142 zip code get sold to new owners.
Nothing earth shattering, but kind of neat stuff to know!
From time to time we have people call or write in with specific home inspection questions that we may not always have the answer to.
When that happens, we turn those questions over to our resident expert, Jim Schwarz of Center Grove Real Estate Inspections.
Here's what Jim had to say in answer to this particular question:<!--more-->
I may have seen the actual home or at least one like it. The laminate flooring was installed with a pad underneath. In order to avoid a difference in height at the bath entrance, which would have created a trip hazard and appearance issue, the installer held the pad back about a foot to create an easy transition into the bathroom. Under these circumstances, it was probably the best decision.
 |
|
|
We've Got Greenwood, Indiana Real Estate In The Bag!
Hello Active Rainers!
I'm not sure how you got here but I'm awfully glad you landed on our page. My guess is that you may have ended up here either because you have a real estate question you need answered or a problem you need solved. Either way, we hope you're able to find what you're looking for.
Our team is a wee itty bitty one, but two of the three of us used to be educators and so teaching and educating people seem to play a big role in how we do business. Our goal is not to twist your arm and pressure you into anything. Instead, our main objective is to educate you along the way and provide you with all the information you need so that you can make the decision that's best for you.
Sometimes that decision is to move forward and take advantage of this tremendous Buyer's Market we're in right now with reduced home prices all around us and super low interest rates. But other times, after looking at the numbers of your particular situation, the best decision might be just to stay put a little longer and ride out the storm. Either way is fine us. At the end of the day, our satisfaction comes from knowing we helped you do what's best for you at this particular time.
So thanks for dropping by. Look around, and most importantly, if you haven't found what you're looking for, please let us know. This site is for YOU! And if you don't tell us what's missing, we may never know.
Thanks again for visiting us...we hope you come back often!
PS - Never miss a blog post...subscribe by email at: www.iShopGreenwood.com
Client Testimonies
Thanks so much for everything Shawna! We hope Cheryl is at least half as good as you and Sherry are--if so, we're sure we'll be taken care of by the best. God bless you and Sherry and take care.
Sincerely,
Miles and Shaune Langston - Indianapolis, Indiana
Carole and Butch Tanner - Greenwood, IN
Our experience has shown Shawna to be 100% genuine and trustworthy. She is without a doubt concerned for YOU, the homebuyer/seller. Shawna is so personable and easy to talk with. She is straightforward and realistic, yet willing to offer you your best shot on the sell of your house. Shawna is comfortable to be around. With her, you will feel the freedom to ask about insignificant things you might not understand in the world of real estate. We found her to be in our court and ready to go to bat for us. She will stay on top of things for you! Shawna is a realtor with CLASS! She's very poised, polished, and professional in her manners and dealing with people. Most of all Shawna loves Jesus!
Shawna makes things happen! My house was listed with another Realtor for 6 months with very little activity. After listing the house with Shawna, I had a buyer in less than a month! Thanks Shawna.
Darrell Taylor - Indianapolis, Indiana
Shawna, I liked you from the time I first met you, which is why since it was not possible for Valerie to help me I had NO problem going with you. I don't REALLY know you, however my gut told me you are one of the good people in life. I would like to think I have learned to recognize those who are the good ones...and I am sure you are.
Peter Rowley - Danville, Indiana
If anyone had told us we would sell our relatively brand new home in less than a month, and for the selling price we wanted, make an accepted offer on another home and close on it within months - well, we would have said "you're nuts!" But you know - you did that and much more. We were told exactly what to expect each step of the way which helped take the fear and anxiety out of all those steps that need to be taken. And most of all, we made a lasting friendship that we know will always exist. We would be proud to recommend you to anyone and everyone in need of a real estate professional. We know our friends and family would be treated professionally, honestly and with great expertise - not to mention a fabulous sense of humor that really came in handy from time to time!
John and Mary Jane Haecherl - Indianapolis, Indiana
We really enjoyed working with Shawna. The time she spent explaining all the details of selling and also purchasing a new home showed us her professionalism from the beginning. Shawna really showed her patience when it came to us! We actually started the process of finding "just the right home" a few years ago. Shawna was always ready and willing to work with us. When we found what we wanted, she went to work not only to get us into our new dream home, but also selling the home we were in within a very short time frame! Shawna is very talented and dedicated to her job.
Cliff and Charlene Rondeau - Indianapolis, Indiana
Shawna was extremely good to work with.
Michael Dearduff - Indianapolis, Indiana
When we put our house on the market there were several other houses in our neighborhood that were selling in the same price range as ours. It seemed as if those houses had been on the market forever, so we didn't expect our house to sell anytime soon. Shawna listed our house, had our open house, and sold our house all within 9 days!!! Not only did Shawna sell our house, she got us our full asking price!!!
Shawn and Tammy Armstrong - Greenwood, Indiana
We were very pleased with the work Shawna did for us. Her expertise and guidance in tough situations was a huge help! Because of her knowledge and professionalism we have referred her to many of our friends and family. She was a joy to work with!
Scott and Karen Crawford - Mooresville, Indiana
Shawna Ebersole was excellent throughout the entire process. I would certainly recommend her to my friends.
Jayne Dennis - Greenwood, Indiana
For more Client Testimonies, please visit: http://ishopgreenwood.com/client-testimonies/
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
