October 23rd, 2019 at 11:00 am
Having a little trouble qualifying to purchase a condo, especially if you’re a first-time buyer? Help could be on the way, thanks to a brand-new rule from the federal Department of Housing and Urban Development (HUD).
According to HUD, it’s part of an effort to promote affordable and sustainable homeownership, especially among creditworthy first-time buyers. The new policy will allow certain individual condominium units to be eligible for FHA mortgage insurance, even if the condominium project is not FHA-approved. (more…)
September 6th, 2019 at 11:00 am
Wouldn’t it be great to own a second home? You know, a sunny winter retreat in a desert resort town, or a mountain chalet for ski season? You’re not alone.
According to the National Association of Home Builders, there were 7.4 million second homes in the U.S. in 2016, the last year estimates were calculated. That was 5.6% of the total housing stock in 2016. (more…)
August 7th, 2019 at 11:00 am
Securing a home loan can be a challenge for any potential homebuyer. But for those who serve or have served in the U.S. military, the Department of Veterans Affairs (VA) can make a huge difference. As part of its mission, the VA helps service members, veterans, and eligible spouses become homeowners. The VA provides a home-loan guaranty benefit and other housing-related programs to help service members buy, build, repair, retain, or adapt a home for their personal occupancy. (more…)
July 17th, 2019 at 11:00 am
There’s no wrong place to live when it comes to California. In fact, there are so many unique areas within this region that it can difficult to decide on a single location. Two of the most popular areas in California are Santa Barbara and San Diego. While both offer the classic California charm that all residents admire, they each have personal identities that are distinctly their own. (more…)
July 10th, 2019 at 11:00 am
One of the most common questions in the housing world has to do with the benefits of owning a home vs. renting. (more…)