Over the past few years, drastic changes in the mortgage market have made it harder to get a loan. The process for approval of a conventional loan includes great credit scores, a lot of documentation, high-income levels and the ability to put down 20 percent. However, thanks to the Federal Housing Administration, it’s not completely [...]
All articles in category: "Government Backed Loans"
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Changes That Have Happened in the Mortgage Market
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The 203K Housing Loan
Do you want to buy a home that is a fixer upper, but don’t have the cash to fix it up? Is the home you are looking to buy a foreclosure or in a state of disrepair where it won’t qualify for traditional financing? Well this is possible with the 203K Housing Loan. The 203K [...]
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Mortgages Explained- Utah Real Estate Blog
- Home Prices are UP in UtahReport: Utah home prices up There's more evidence Utah's real estate market is turning around. Utah home prices were up 2.3 percent in March compared to March 2011, according to research company CoreLogic. Compared to other states, Utah had the 14th highest appreciation. The picture looked even better when distressed properties were excluded. When […]
- Logan Utah Real Estate Market Conditions: Home Sales Down in AprilApril home sales for Cache County Utah are not quite as good as they were during March. Compared with April of a year ago, home sales improved 7%. 71 homes sold during April compared with 66 in April of 2011. The number of homes for sale has also risen, but this is typical for spring. Their are currently 681 residential homes for sale in Cache County. This i […]
- The Future Is Looking Bright For Utah Real EstateYesterday, the division of real estate came and spoke to Realtors, Mortgage Lenders, and Appraisers in Cache Valley. They gave us an update of the Utah Real Estate market as well as the Utah Economy as a whole. In general, they had very many positive things to say, among them: Utah was ranked the number #1 state for business and careers. #1 for Economic Dyna […]
- Home Prices are UP in Utah