This report from NH Housing gives you an update on what’s going on in the real estate market. InterestInterest: the cost of borrowing money, charged as a percentage of the outstanding balance and paid in arrears (unlike rent, which is paid in advance). More rates are very low making homes affordable but inventory is low which makes buying a home feel like a competition. Our goal is to put homebuyers in the best position possible to win in the home […]
Mortgage Info Blog
Are you eligible for a home buyer tax cr...
NH Housing is offering a Home Buyer Tax Credit of up to $2000/year for first time buyers (or second time buyers buying in targeted communities). You are considered a first time buyer if you haven’t owned a home in the past 3 years. In order to participate, you must apply for a Mortgage Credit Certificate […]
Cons of an RD loan.
Today someone asked me what the down side to an RD loan is and I decided it made an excellent topic of discussion. Basically the answer is that RD loans have geographical limitations therefore they are not available in every community. Second they have income limits; if your household income is over the set limit […]
Lending the Fairway
Equal treatment of all loan applicants is a foundation of Fairway. Bookend Lendingis committed to the premise that every applicant receives fair and equal treatment and assistance throughout the loan process, from application through approval or denial. Bookend Lendingis also committed to the premise that similarly qualified applicants have similar outcomes to their […]
NH Housing now offering 4% cash assistan...
NH Housing provides cash assistance up to a maximum of 4% of the base loan amount to help borrowers defray the cost of down payment, closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the down payment itself — the collection of costs that pay for all the work, insurance, and government […]
Down Payment Assistance
Need Cash to buy a home? When you use one of NH Housing’s programs you can also get cash assistance which can be used toward either down payment or closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the down payment itself — the collection of costs that pay for all the […]
New Loan Limits for 2020
First Time Homebuyer Options
First time buyers have many options. Determining which is best is important. Also, first time buyers may be eligible for cash assistance to apply to down payment and a first time homebuyer tax credit! RD (Rural Development)FHANH HousingHomeReadyHomePossibleVA Looking for education: Click this link to check out ReadyNest homebuyer education. Use Renee’s email to get […]
NH real estate market update…
When I read through the July 2019 report from the NH Association of REALTORs, I see some interesting points. First they point out we are in a prolonged period of economic growth that surpasses (measured by consecutive months) all other periods of economic growth in this country. That’s quite a thing to ponder and to […]
NH Housing Home Preferred
The Home Preferred loan is a conventional loan offered through NH Housing. Borrowers can put as little as 3% down. The rate may be lower than what is otherwise available and the mortgage insurance cost is lower too. All Home Preferred loans must be approved through Fannie Mae’s automated underwriting system. Generally the maximum debt […]