I’d love to see the appraiser’s face that drives up to this property! :)
Ok, so this isn’t directly related to real estate or home loans, but it’s just too cool not to post!
HSBC lined the bottom of this pool with an aerial photo of NYC. Swimming in the pool is like swimming over a flooded city!
They appropriately named it the Global Warming Pool.
(Source: photojojo)
Just a reminder! The temporary waiver on FHA’s 90 day flip rule ends in January and most lenders will require that flip loans are locked in mid-December! If you’re buying or selling a property using an FHA flip loan, act fast!
First Time Home Buyers can receive up to $15,000 in grant money to be used towards down payment or closing costs! Contact me for more details!
FHA loans with case numbers assigned as of Monday, April 5th will have an upfront mortgage insurance premium of 2.25% rather than the current 1.75%. This policy change will increase premiums for purchase money transactions, traditional refinances and streamlined refinances.
Just a reminder: To take advantage of the Federal Home Buyer tax credit, you must be in contract on a property by April 30th and your escrow must close no later than June 30th!
We have a very exciting new program rolling out this April from Pacific Mercantile Bank.
As part of our charter with the Federal Bank of San Francisco, our company is eligible to participate in the bank’s “Wish” program. This is a grant program that matches our client’s money 3 to 1 up to $15,000. Example; borrower contributes 1% down of $5000 we will provide 3 times that for a $15,000 grant to the client to use towards down payment and/or closing costs. This grant is forgiven after 5 years.
Restrictions:
San Bernardino/Riverside Counties - $53,300
Orange County - $74,400
Los Angeles County - $63,450
The program is used in conjunction with an FHA loan and is available on a first come, first serve basis. If you or anyone else you know could benefit from this program and would like more information please let me know! kerry@kerrymutter.com or (909) 709-1057
Let’s grant some wishes!! :)
Attention Realtors: Please join us for this FREE FannieMae HomePath Financing Workshop. Watch this video for detials and contact me for registration.! See you there!
Talk about imagination!
