In every area around the country, there are homes that sit for sale longer than most of the competition. For a homeowner, this can be frustrating but in some cases even expensive if the home prices are on an upward climb or the interest rates are changing. Fortunately, there are some things that you can […]
Buying a home requires a bit of preparation. If you meet the following conditions then you should be ready to purchase your first home this Fall!
Family Opportunity Mortgage Loan Program The lowest mortgage interest rates and the most favorable terms are typically reserved for owner-occupied homes. As the phrase implies, the owner of the property lives in the house as their main residence. When analyzing risks for lending money, mortgage lenders feel that the owner of the place is more likely […]
On the banks of Zumbro River in Minnesota is Olmsted County’s county seat, the city of Rochester. Rochester is the largest city in Minnesota behind the Twin Cities metro area. Population and Number of Homes The recent census from 2010 shows that Rochester has 106,760 citizens. There were over 45,000 housing units making the density […]
In Hennepin County is a town known as Edina, Minnesota. This former milling and farming area has developed into a suburb in the southwest area of Minneapolis. Population and Number of Homes The 2010 census shows that the total population for Edina is just over 49,000 people. With 22,000+ housing units, the population density is […]
A short drive to the south of Minneapolis is the city of Burnsville situated in Dakota County. Lying on the banks of the Minnesota River, Burnsville is a suburb of the twin cities Minneapolis & St Paul. Population and Number of Homes The census of 2010 lists the population of Burnsville as slightly more than […]
Buffalo Grove is one of the many Chicago suburbs. Classified as a village, Buffalo Grove is located across two counties, Lake and Cook. Buffalo Creek runs through the village, deriving its name from the bison that were commonly seen by Potawatomi Native American tribe. The bison also frequented the grove near the creek, lending the […]
If your situation doesn’t fit the standard expected by lenders, you could find it more difficult to qualify for the home loan you want. But there could be other options that will make financing your home purchase easier.
If you are using an FHA loan, they allow gift funds to make it easier to be approved for the mortgage. This money could be the difference between buying your home this year or having to wait until you have built up your savings.
What to look for when viewing a house for the first time is more about the inner workings of the home. You want to make sure that all the moving parts that make a home comfortable are working correctly and do not anticipate any major repair in the near future.
