at 2680 E Main St Suite 324, Indianapolis, 46168 United States
Whether you are a first time home buyer or looking to refinance, our expert team of Loan Officers can find the program that fits your needs. Call us today.
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As a Thank you to our Nations Veterans for every VA Loan my Branch does I will personally donate $50.00 to the Wounded Warrior Project.
Super excited about the tremendous growth we are having. We will be adding Two new loan officers to our roster by December 1st. If you have not tried us out to understand why we are the preferred mortgage company of choice, you and you clients are missing out. We specialize in making the first time home buying process easy to understand and informative for our clients and their Realtors, with communication every step of the way. Come see the difference, call today 317-966-8936
All HUD owned homes for sale in Indiana can be purchase with a FHA loan with the down payment of only $100. HUD will pay as much as 3 percent of the sale price to offset closing costs, plus it will finance the transaction. Lists of HUD properties available under the program for sale in the state of Indiana can be found on the HUD page . Below are several items from the HUD FAQ regarding the program. For specifics, speak with real estate brokers that are approved by HUD to write offers on these properties. Frequently Asked Questions on FHA $100 Program Q: Which properties are eligible for the $100 down payment incentive? A: Any property listed as available for FHA financing (203B, 203B with repair escrow and 203K) will be eligible. However, the purchaser must be an owner occupant to qualify. Q: Are properties listed under special programs available for the $100 down payment incentive? A: Properties sold under the Good Neighbor Next Door Program currently have this provision if FHA financing is used and are also eligible for the $500 Selling Broker Bonus if FHA 203K Financing is used. Offers accepted under HUD’s Nationwide Sale to Disaster Evacuees (FEMA) and Non-profit Purchasers are not eligible. Q: How long will this incentive program last? A: HUD has not published the length of time these incentives will be offered. Q: How much earnest money do I need? A: You need to have the earnest money of $1,000 for properties listed above $50,000 and $500 for properties listed for less than $50,000. Earnest money will be returned to you at closing as a credit on the Closing Statement. Q: Will HUD pay for any closing Cost? A: Yes. HUD will pay for closing cost up to 3% of purchase price. Q: Who can buy HUD homes? A: Any individual who can qualify for a mortgage or who can pay cash may buy HUD Home. Purchasers MUST have a pre-qualification letter from a lender or proof of cash funds in the amount of or greater than the HUD home purchase price. HUD divides buyers into two groups, owner-occupants and investors. Owner-occupants have the initial advantage over investors. Priority is given to purchasers who are owner-occupants for the first ten calendar days after a new listing is posted. Also, owner-occupants must live in the house as their primary residence for at least one year and may not purchase another HUD home for two years. HUD does not provide financing for the purchase of HUD Homes. It is up to the buyer to locate the financing through a bank or mortgage company. Before you bid on a property, be sure you do have secured financing. If you place a winning bid and you cannot obtain financing within the specified time, you may lose the earnest money deposit that you submitted with your offer. So, if you have the money or can qualify for a loan, you can buy HUD Homes. If you Have Questions Call me 317-966-8936
Why Work with a Realtor When Buying a New Construction Home? New Home Builders have on-site sales agents who represent them in the sale of their homes. When buying or building a new construction home, buyers should have their own representation as well. Myth: Prospective buyers think that they can get a better deal by going straight to the builder. False. Builders know that Realtors show prospective buyers new and resale home; therefore, it is in their best interest to embrace the Realtor. It is the Realtor’s role is to find the best possible home for their buyer. They are an important source of pre-qualified buyers whom they have educated about the buying process. Today, more Realtors are bringing their clients in to new home communities for good reasons. New energy efficient homes, quality of construction, tested floorplans and new home warranties are great incentives for buyers. Typically, on-site agents are trained to ask if prospective buyers are working with an agent. It is important that buyers visiting a new home community “just looking” inform the on-site sales agent that they are represented by a Realtor. Realtors should pre-register their clients if they know that their clients may be interested in a community. Having a Realtor can provide valuable insight and assistance through the building process. They act as another set of eyes and ears and are an invaluable asset through closing. They are there to represent and protect their buyer’s interests.
7 clients you might want to avoid. Most prospects are all smiles when a transaction starts. The thrill of shopping or prospect of selling excites a lot of people, but beware of what lies beneath. When you’re having your first conversations with your prospects, watch out for these seven client-types that are just as shady as they are dangerous to your business: 1. Financial Fumbler When it comes to talking cash, many people get nervous. However, if you find yourself getting multiple answers to the same questions or being fed stories that don’t add up, stay on alert. 2. Under-Inspector Motivated buyers are good, but overly motivated can be dangerous and hurt your reputation in the long run. Beware of those who are willing to skip the inspection, as they’re prone to blame you when they end up dissatisfied. 3. The Cheater We’ve all had a service experience bad enough to make us want to switch providers. This happens in real estate too. However, when you get a lead from someone that already has an agent, beware. Over-helping before the lead is actually yours might be helping yourself out of a commission. 4. Commission Haggler You know how much time goes into a transaction, but many clients and prospects have a hard time believing it. If you run into someone who wants you to discount your commission, sell your service. Show them the hours and activities you’ll put in to help them close. If they can’t see the value, don’t be afraid to move on. 5. The Lying Lister Whether it’s about their motivation for moving or those that don’t want to disclose, stay away from the lying listers. Again, with every deal your reputation is on the line. For the lying client, a shady deal is one moment in time. You could be risking your business. 6. Repair Panhandlers As an agent, you want to help. However, if you find that sellers want you to invest and over-leverage your contacts to get their property up-to-par, be on guard. Remember, helping people is first priority, but making money is close behind. Repair panhandlers not only hit your wallet, they may be a waste of time. Sellers who won’t invest in repairs simply aren’t motivated to close the deal. 7. Mr. or Mrs. In-and-Out The fence is a place for prospects before shopping begins. If you run into prospects who keep listing and unlisting or are in and out of the market, you may want to fire yourself. You can only help those that can be helped. Credit for this article goes to the writter Jovan Hackley