FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today. Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 … [Read more...]
Housing News, Opinion, Statistics and Homes for Sale
Latest Blog Posts
Minneapolis/St. Paul April Pending Home Sales Hit 10 Year High
The Twin Cities housing market continues to roar ahead as today the Minneapolis Area Association of … [Read More...]
Fantastically Simple Way to Make a Home Floor Plan
While there are several phone apps that can help you make a floor plan, this one seems to be the … [Read More...]
Print a 3D Model of Your House Plan
For home buyers that are looking to build a new home, one of the most common questions asked is … [Read More...]