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Purchase a New Home with only a 1% Down Payment?

Introducing the Arizona Home Buyer Solutions™ Program
from The Lending Co. and Rebecca Roberts

Purchase a New Home with only a 1% Down Payment*

Up to a 2.5% gift
Gift to be used for a down payment by homebuyers utilizing an FHA 1st mortgage. 
Down payment requirements as low as 1%
Seller can contribute up to 6% for closing costs and pre-paids
Expanded [...]

Cash Strapped Buyers Could Get Shut Out (100% financing)

Cash Strapped Buyers Could Get Shut Out

If you have buyers in need of 100% financing, take notice! One widely popular tool for funding is about to run out of money. Buyers that need a no down payment loan guaranteed by the USDA are running out of time to get their deal done.

USDA Rural Home Loans [...]

Sales Trends 2010 thru February

Information provided via email from WWW.ACTIVEFUNDINGGROUP.COM

 
 
 

Jan-10
 Total Closings
5575

 
  

 

Sales price
No. sales
% of total

0-100,000
2219
39.8027%

101-200,000
2154
38.6368%

201-400,000
998
17.9013%

401-750,000
253
4.5381%

751-1,001,000
47
0.8430%

1,001-2,000,000
56
1.0045%

2,001-5,000,000
21
0.3767%

5,001-10,000,000
1
0.0179%

 
 

Feb-10
Total Closings
 6635

 
 
 

Sales price
No. sales
% of total

0-100,000
2482
37.4077%

101-200,000
2557
38.5381%

201-400,000
1157
17.4378%

401-750,000
300
4.5215%

751-1,001,000
62
0.9344%

1,001-2,000,000
48
0.7234%

2,001-5,000,000
20
0.3014%

5,001-10,000,000
2
0.0301%

Supply as of 3-4-2010

Total no. actives 35110

List price
No. Active listings
Supply (in months)

0-100,000
8034
3.42

101-200,000
12064
5.47

201-400,000
8321
7.64

401-750,000
3493
12.63

751-1,001,000
3253
59.69

1,001-2,000,000
2133
41.02

2,001-5,000,000
763
37.22

5,001-10,000,000
82
27.67

Over 10,000,000
25
 

List price
Av. Days on market

0-100,000
85

101-200,000
107

201-400,000
135

401-750,000
188

751-1,001,000
234

1,001-2,000,000
258

2,001-5,000,000
361

5,001-10,000,000
369

Over 10,000,000
377

Summary

Over 78% of sales occur in the $200k and under category

Over 90% of sales occur in the $400k and under category

In summary, [...]

Those Who Wait Will Pay Thousands More This Spring

Those Who Wait Will Pay Thousands More This Spring

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 [...]

FHA waives the 90 day flip rule

I received a nice email from Michael Neill of American Alliance Mortgage Company with the following fantastic news:

BREAKING NEWS!!!!!FHA WAIVES 90 DAY FLIP RULE

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS

Measure to help bring stability to home values and accelerate sale of vacant properties

 In an effort to stabilize home values and [...]