by Julia Odom, the Chattanooga Real Estate Bloggess
FHA is a fabulous program for many, many, many homebuyers. Modest down payments, standard (low!) interest rates no matter what the borrowers’ credit scores, the ability to roll the up front mortgage insurance premium (UFMIP) into the loan… <insert screeching sound> Yeah, that up front mortgage insurance is really no fun. It’s just a fee… Read More
![Storrmy Hollow edited [800x600]](http://www.juliaodom.com/wp-content/uploads/2010/07/Storrmy-Hollow-edited-800x600-150x150.jpg "Storrmy Hollow edited [800x600]")
UPDATE: This one’s gone now but check out the other HUD homes for sale in Chattanooga, most of which will have similar financing available. Have you always wanted to own your own home but didn’t think you could afford the down payment? Then you’ll love living in and owning this gorgeous East Brainerd home. Featuring… Read More
Many new home buyers are cash poor which limits them to a precious few options when it comes to financing. FHA with its (slightly) lower down payment is truly the go-to loan product right now, in many cases even for those with cash to spare . If you can scare up a few more dollars… Read More
New FHA rules being implemented soon mean that FHA buyers need to act now or be prepared for more out of pocket dollars!
United Community Bank CONVENTIONAL 30 yr fixed – 4.625% APR 4.755% 360 P&I Payments @ $1028.28 15 yr fixed – 4.25% APR 4.474% 180 P&I Payments @ $1504.56 – based on $200,000 loan and excellent credit GOVERNMENT 30 yr FHA/VA fixed – 4.75% APR 5.370 360 P&I Payments @ $1021.88 – based on $200,000 sales… Read More
Rates as of April 28, 2009 United Community Bank CONVENTIONAL 30 yr fixed – 4.375% APR 4.503% 360 P&I Payments @ $998.57 15 yr fixed – 4.25% APR 4.474% 180 P&I Payments @ $1504.56 – based on $200,000 loan and excellent credit GOVERNMENT 30 yr FHA/VA fixed – 4.75% APR 5.370 360 P&I Payments @… Read More
NOTE: This is an outdated post that contains information and links to programs that no longer exist. THDA, Tennessee Housing Development Agency, has introduced their anticipated second mortgage program. The program is designed to be used in conjunction with the stimulus tax credit for first time home buyers. The purpose is to assist potential home… Read More
Buying a HUD house, i.e. a home owned by the Department of Housing and Urban Development, is generally the same as buying any other home with a few key differences. 1. HUD homes are listed for a set amount of time, usually around 10 days, before any offers will be considered. At the expiration of… Read More
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