Wells Fargo announced that effective January 15, 2011, they will accept Federal Housing Administration (FHA) mortgages for borrowers with credit scores as low as 500. For borrowers with credit scores 500-579 a 10 percent downpayment is required and the downpayment may not be a gift or be part of a downpayment assistance program. For borrowers with credit scores 580-599 a 5 percent downpayment is required and the downpayment may not be a gift or be part of a downpayment assistance program. Borrowers with a credit score of 600 or higher are required to have a 3.5 percent downpayment and a gift is acceptable. For all borrowers, seller concessions are limited to 3 percent.
ARTICLE FOUND IN THE WASHINGTON REPORT ON REALTOR.ORG
Thursday, January 27, 2011
Friday, January 21, 2011
GREAT NEIGHBORHOODS AND WHY I CAN HELP YOU FIND THE PERFECT HOME!!
Hello Everyone!!
First of all, I would like to wish everyone a very blessed, happy, healthy and prosperous 2011!!
Well, we are making our way through a nice white winter. As soon as the snow melts away, we have a fresh new layer of snow show up. Thank goodness for fireplaces, blankets and good friends. We are all looking forward to spring and warmer days, so please enjoy this reminder:
If you are looking for a new home, now is the time to start looking for some of the best neighborhoods in Franklin and Nashville. I personally love two areas and have homes in both. The first is Sylvan Park in Nashville and the second is in Fieldstone Farms in Franklin. Both areas are perfect for established households and new homeowners. Each area has its own distinctive qualities and over the next few months I will be sharing ideas and opportunities that are a part of each of these exciting areas to live in. I would like to think of myself as a resident expert for these two areas and hope that you will rely on me for information about homes you may want to buy or sell in or near Sylvan Park and Fieldstone Farms. Check back here often for new store openings, school information and some of the best opportunities a home buyer or seller can find. I look forward to opening doors and closing sales for anyone who wants to call Nashville or Franklin home.
First of all, I would like to wish everyone a very blessed, happy, healthy and prosperous 2011!!
Well, we are making our way through a nice white winter. As soon as the snow melts away, we have a fresh new layer of snow show up. Thank goodness for fireplaces, blankets and good friends. We are all looking forward to spring and warmer days, so please enjoy this reminder:
If you are looking for a new home, now is the time to start looking for some of the best neighborhoods in Franklin and Nashville. I personally love two areas and have homes in both. The first is Sylvan Park in Nashville and the second is in Fieldstone Farms in Franklin. Both areas are perfect for established households and new homeowners. Each area has its own distinctive qualities and over the next few months I will be sharing ideas and opportunities that are a part of each of these exciting areas to live in. I would like to think of myself as a resident expert for these two areas and hope that you will rely on me for information about homes you may want to buy or sell in or near Sylvan Park and Fieldstone Farms. Check back here often for new store openings, school information and some of the best opportunities a home buyer or seller can find. I look forward to opening doors and closing sales for anyone who wants to call Nashville or Franklin home.
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