On July 25, 2010 at 14:00 PM, you are invited to an Open House at 29 11510 Southfork Ave in Baton Rouge. If you are looking for a New - condo-townhouse property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this New - condo-townhouse property, check out my site at thekeyfindersteam.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

On July 25, 2010 at 14:00 PM, you are invited to an Open House at 28 11510 SOUTHFORK DR in Baton Rouge. If you are looking for a property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this property, check out my site at thekeyfindersteam.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.

I’ve just sold a Resale - single family property at 25412 Renee Ct in Baton Rouge. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

I’ve just sold a Resale - single family property at 641 Rushmore Dr in Baton Rouge. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

I’ve just sold a Resale - single family property at 9002 Glenfield Dr in Baton Rouge. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

In the Baton Rouge area, we are seeing approximately 75% of all sales being financed through FHA funding.  It’s a great way to get in a new home with less money down!

7 Things All Borrowers Should Know About FHA Loans

RISMEDIA, July 1, 2010–FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA).

“We have seen home buyer interest in FHA loans go from practically zero three years ago to upwards of 87 percent today,” said Christopher Gardner, founder and president of FHA Pros, LLC. “Despite this rapid rise in popularity, many buyers still do not fully understand the benefits of these loans, and we believe it’s time to change that.”

1. FHA Loans Are Not Only For Lower-Income Borrowers. FHA loans are available to everyone. In fact, even Bill Gates can get one. There is no maximum income restriction associated with FHA loans. Borrowers do need to substantiate income and assets by submitting proper documentation. This requirement ensures that borrowers are well-vetted and truly able to afford their future homes.

2. FHA Loans Are Not Only For First-Time Buyers. Many people believe FHA loans are available only to first-time homebuyers. This is not the case. Whether borrowers are making their first home purchase or their fifth, they can look to FHA loans as a home financing option.

3. FHA Loans Are Not Just Small Loans; In Fact, Loan Amounts Can Be As High As Almost $800,000. The government recently raised the maximum loan amount from its original cap of $362,790 to $793,750 as a way to help stabilize the housing market. The amount a buyer can borrow varies from county to county. Later this summer, condo buyers interested in FHA loans can visit www.checkfhaapproval.com to instantly identify FHA-approved condo associations and review maximum loan amounts for a given location.

4. FHA Loans Are Not Affiliated With The Section 8 Housing Program. While both programs are administered by the U.S. Department of Housing and Urban Development (HUD), FHA loans have nothing to do with low-income subsidized housing. FHA loans are simply mortgages insured by FHA. This insurance provided by the federal government allows lenders to lend more freely by assuring them that they will be repaid in the event of default. Most traditional lenders, including Wells Fargo & Co., JP Morgan Chase and Citigroup are able to provide FHA loans to their customers.

5. FHA Loans Are Often More Affordable Than Conventional Loans. While FHA loans typically offer the same interest rates as other loans, borrowers benefit from a much lower down payment of as low as 3.5 percent.

6. FHA-Approved Condo Developments Are More Desirable To Buyers. With 87 percent of home buyers indicating that they plan to use FHA loans, condo associations that are not FHA approved are missing out on a significant pool of prospective buyers. Under rules in place since February 2010, an entire condominium development must now apply to HUD and be granted FHA approval before a buyer can purchase a unit in an association with an FHA loan or before an existing unit owner can refinance into an FHA loan.

Due to the general unwillingness of today’s lenders to extend credit with respect to conventional loans, many borrowers find that FHA is their best bet. Lenders don’t mind lending when the federal government (FHA) assures them of repayment.

Homeowners associations (HOAs) should note that although FHA-insured mortgages might be easier to obtain, they are not “risky” loans, due in large part to the strict “full documentation” requirements placed on borrowers.

Individual buyers or sellers can initiate the approval process or current owners can encourage their HOA to apply. More information about the FHA- approval process is available at www.getfhaapproval.com.

7. FHA Loans Are Assumable. In addition to lower down-payment and credit-qualifying requirements as compared to conventional loans, FHA loans are assumable. This means that when a seller with an FHA loan sells his or her property, the loan and its financing terms (interest rate) can be transferred to the new buyer. This unique feature will certainly make a property more valuable in times of rising interest rates.

“Now, more than ever, buyers and sellers need to understand the options available to them when it comes time to buy a home,” continued Gardner.

As always, when it comes to real estate, we hold the KEY!

Carol Poche’

I’ve just sold a New - condo-townhouse property at 703 11375 Reiger Road in Baton Rouge. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

I’ve just sold a Resale - single family property at 3215 Broad Magnolia Ct in Baton Rouge. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Check out this new property that I just posted on my Web site. It is in Baton Rouge. This property has 3 bedrooms and 2 baths. What a great way to live! Cottages community offers a gated entry, guest parking, and a community pool. This Avondale floor plan features 3 bedrooms and 2 full baths with a separate computer/office room. The living room features wood floors and a gas log fireplace. The kitchen is open and features a spacious dining area, wonderful oak cabinets, bull nose granite tile countertops, and an island for your bar stools. The master suite is spacious offering plenty of room to display your furnishings. The master bath features a separate shower, Jacuzzi tub, double vanity sink, and a wonderful walk-in closet. The additional bedrooms are spacious and have room to grow in for years to come. Attached 2 car garage features remote access and secure entry. HOA due is $185/month and includes expanded basic cable service, exterior & interior insurance + roof, gate/pool maintenance, landscaping, yearly termite contract, insurance on all common areas. Approved for an FHA or VA loan? The Cottages are FHA/VA approved!! .

On April 11, 2010 at 14:00 PM, you are invited to an Open House at 3338 Grand Field Ave in Baton Rouge. If you are looking for a New - single family property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this New - single family property, check out my site at thekeyfindersteam.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.