The Veterans’ Administration removed the price cap on VA mortgages on January 1st. That means if you’re a vet, you may qualify for a zero-down mortgage, with no limit on the price of the home. Due to the ballooning costs of single-family homes and condos around the U.S., veterans no longer have a price cap[…]
Is buying a fixer-upper right for you? How can you determine if a home is an opportunity or a nightmare? Here are the crucial questions to ask yourself: 1. Are the home’s issues cosmetic or structural? If they’re structural, you may want to pass because of the cost and difficulty of fixing. 2. How much are[…]
Here in Florida, we’re land of the condominiums. Good news today for financing a condo. New FHA mortgage rules go into effect on Oct. 15, 2019 making it easier to buy a condo – especially first time buyers. The new rules specifically: Allow single-unit approval process. Extend condo project recertification from 2 to 3 years.[…]
Orlando’s housing market in August saw an increase of 9% in year-over-year median price to $250,000. Inventory has gone down 2% over that same period of time.