FHA Makes Extensive Policy Changes to Address Default Risk

January 21, 2010

The Federal Housing Administration (FHA) has determined that it will be raising home buyer’s up front costs for mortgage insurance,  increasing the down payment requirements for borrowers with lower credit scores, and decreasing the acceptable amount of seller concessions.  These new guidelines will begin taking effect in
the spring and summer. 
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Nearly-New Construction Minneapolis Condo #3821520

November 14, 2009

Looking for new construction condominium in Minneapolis?  This freshly decorated condo has a gourmet kitchen with upgrades galore!  Use the potential first-time homebuyer tax credit and move in soon!  2803 38th Street East , Minneapolis is located a short walk from the light rail stop making it a very convenient location if you are working down [...]

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9380 Libby Lane Eden Prairie Town Home For Sale

November 14, 2009

9380 Libby Lane, Eden Prairie is completed new construction in Heritage Village! Stone and vinyl exterior, cement driveway.  Sod and irrigation system to be installed.  Spacious living areas on main level.  Office could be used as second bedroom on main level.  Bright and sunny kitchen has hardwood floor, stainless appliances, granite counters.  Breakfast bar and [...]

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Will the First-Time Homebuyer Tax Credit be Extended?

October 28, 2009

With November 30th speeding toward us, many home buyers are wondering and asking, “Is the tax credit going to be extended?”  The tax credit has no doubt given a boost to the housing market this year, but will it continue?
 
Will it be changed to include more home buyers?  There are many questions being asked, and [...]

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Affordable Condos in Edina, Minnesota?

October 11, 2009

I was privileged to be introduced to some brand new condos in Edina recently.  The Burgundy Place Condos have price ranges from the low two hundreds for a one-bedroom , one bath unit to nearly $500,000 for a 2 bedroom 2 bath unit.  The sizes range from just over 800 finished square feet to nearly [...]

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First-time Homebuyer Tax Credit Time is Crunching!

September 21, 2009

Many of you as first-time home buyers are aware that the opportunity to use the $8,000 tax credit has a deadline of  November 30, 2009 as it stands right now.  While this date is some weeks away, there are some additional details to keep in mind.  One of the largest is the fact that Thanksgiving [...]

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Minneapolis First-Time Homebuyer Charmer Near Minnehaha #3820975

August 19, 2009

If you are a first-time home buyer and you are in the search for a home in the Minneapolis area, this 2-story home could be just the place you are looking for.  The curb appeal that draws you into the house is just the beginning.  Enjoy relaxing on the front porch-there is plenty of space.   Take [...]

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What is the Best Mortgage for Me and Why Do I Need to be Pre-Approved?

April 30, 2009

So you have determined that you are ready to buy a home.  You pay your bills on time, you have established a budget, you have a job that can be verified and has some security.  That’s a lot to think about, isn’t it?  Yes, but if you are not comfortable doing these things, you should [...]

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Tax Proposal Will Hurt All Minnesota Home Owners and Future Home Home Buyers!

April 21, 2009

Yesterday, the Minnesota House of Representatives Tax Committee released a “delete all amendment” to HF2323 and added provisions that are negative for real estate owners in the Omnibus Tax Bill.  Authored by DFL Representative Ann Lenczewski, it contains a number of  tax law modifications that hurt all Minnesota home owners.
The Minnesota legislature and many other [...]

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First-time Homebuyers Avoid Repayment of Tax Credit

February 12, 2009

 Stimulus Advances With Tax Credit Changes
This is excellent news for recent people buying a home in Eden Prairie, Chanhassen, Minnetonka and Plymouth as well as those looking to buy a home in Edina, Minneapolis, Maple Grove and other areas.  In reality, it is a positive step for first-time home buyers nationwide. 
Tax credit changes!
The $790 billion [...]

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