Colorado Springs Realtor - Cherise's Blog: Colorado Springs Realtor - Cherise Selley - FHA

Colorado Springs Realtor - Cherise Selley - FHA

I'm glad that I am a Colorado Springs Realtor®, even though financing options appear to have stiffer regulations during these changing times in the real estate market.  So it's beneficial to keep abreast of what's also happening in the lending industry.

According to the National Association of Realtors®, FHA's total endorsements have increased 70% regarding home sales and refinances.  Although FHA financing is easier now than say a few decades ago, road blocks along the way can also be expected.  I believe it is imperative to find the right lender for your buyer - someone who has a relative sense of control throughout the entire real estate transaction process.  If you need a lender referral, please do not hesitate to contact me.

One particular modification about FHA is that it has increased the minimum down payment from 3 to 3.5 per cent.  And according to the NAR, gifts, typically from relatives, are permitted from eligible sources.

Thought I would share some tidbits about how to get through the obstacle course of Colorado Springs Real Estate a little easier.

For more information about Colorado Springs Real Estate from the perspective of a Colorado Springs Realtor, please visit cheriseselley.com...

 

Comment balloon 3 commentsCherise Selley • June 23 2009 02:45PM

Comments

Have a son heading your way to college in two months. Take care of him..he is the last of four and going to miss him. Great skiing there?

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 11 years ago

Wow...that's on the ball service. Thanks for the call out of the blue and for your local information for my son heading to Colorado College this fall. I'll let him know about Keystone as a great place to snowboard! AR is a great place to network and have go to relationships all over the country!

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 11 years ago

Why thank you Andrew!  Have your son call us if he needs the best ski advice!  My son will have it!  Best to you and your business ~ Cherise

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) over 11 years ago

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