West Chester & Liberty Township OH Real Estate: This Month In Real Estate August 2010

August 23, 2010 By Leave a Comment

 
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posted by Eric Lowry
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West Chester & Liberty Township OH Real Estate: FHA Financing

July 12, 2010 By Leave a Comment

1. FHA loans are not only for first time homebuyers.

Many people believe FHA loans are available only to first-time home buyers, but this is not true.  While it’s true many homebuyers are buying their first home using an FHA loan, but a large number of move up/repeat homebuyers are also utilizing the opportunity of the FHA loans as a home financing option.

 

 

2. FHA loans are not only for lower-income homebuyers.

FHA loans are available to everyone. There are many homebuyers in West Chester and Liberty Township Ohio using FHA financing.  There are no income restrictions tied to FHA loans.  Just as with conventional mortgage financing, homebuyers do need to quailify for a mortgage based on their income, monthly debt obligations and credit scores.

 

 

3. FHA loans are not just for small mortgages.

Currently in Butler County, Warren County and Hamilton County, Ohio the FHA loan limits are $337,500.  Keep in mind that this is the loan limit.  So, as an example, someone buying a home with a 3.5% downpayment could buy a home for as much as a $350,000 purchase price.  Which leads to my last point on FHA mortgage lending.

4. FHA loans are often more affordable than conventional financing. FHA loans offer very competitive interest rates when compared to other loans.  Homebuyers  also benefit from a much lower down payment, as I mentioned above.  The down payment required to buy a home can be as low as 3.50%.  And also the mortgage insurance premium may be lower on the FHA financing when compared to the conventional mortgage insurance for loans with less that 20% down.

For more information on FHA financing or for a referral to a terrific mortgage loan consultant please call Eric Lowry at (513) 874-1830 or visit our website, LowryTeam.com.

 
Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Relocating To West Chester, Liberty Township Or Mason, Ohio??  Request Our Free Relocation Information Package By Clicking Here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

 

posted by Eric Lowry
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www.LowryTeam.com | P: (513) 874-1830

Filed Under: Beckett Ridge Homes For Sale, Buyers, Eric Lowry's Articles, Fairfield Township Homes For Sale, Financing, Financing Options, First-time Homebuyer, Liberty Township Ohio Homes For Sale, Real Estate Information, This Month In Real Estate, West Chester Ohio Homes For Sale Tagged With: , , , , , , , , , , , , , , ,

West Chester & Liberty Township OH Real Estate: This Month In Real Estate July 2010

July 9, 2010 By Leave a Comment

 
Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Relocating To West Chester, Liberty Township Or Mason, Ohio??  Request Our Free Relocation Information Package By Clicking Here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830

Filed Under: Buyers, Eric Lowry's Articles, Financing, Financing Options, market update, Real Estate Information, Real Estate News, This Month In Real Estate Tagged With: , , , , , , , , , , , , ,

West Chester & Liberty Township OH Real Estate: This Month In Real Estate – June 2010

June 13, 2010 By Leave a Comment

This Month In Real Estate – June 2010, Courtesy of LowryTeam.com and Keller Williams Realty Associate Partners

 

 
Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Relocating To West Chester, Liberty Township Or Mason, Ohio??  Request Our Free Relocation Information Package By Clicking Here!

Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

posted by Eric Lowry
Email Me | Search For Homes
www.LowryTeam.com | P: (513) 874-1830

Filed Under: Buyers, Eric Lowry's Articles, Financing, Foreclosure, market update, Real Estate Information, Real Estate News, Short Sales, This Month In Real Estate Tagged With: , , , , , , , , , , , , , ,
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