100% Financing now through USDA Rural Development–there’s money out there!

20 05 2009

USDA Rural Development 502 Guaranteed Housing Loan Program!

Check out 100% Financing above for DETAILS!

Now offered to Kelly’s Cove community & Myrtle Lakes North community

Kelly”s Cove, off 905 between Conway and Verteran”s Highway 22. 3 Homes Available from $190s

Click Here to View Listings at Kelly’s Cove

Myrtle Lakes North off Highway 9 in the Longs, SC area (1/2 way between NMB & Loris). 3 Homes Available from $130s.  Click Here to View Listings Lowest priced in Myrtle Lakes North!

USDA Rural Development 502 Guaranteed Housing Loan Program

       No Down Payment, No Mortgage Insurance, No Cash Reserves (Call for complete info)!

&

BB&T SPECIAL FINANCING

You can make a down payment as little as 3% of the purchase price and have a house payment less than $1,000 with 95% for Primary or Second Home–NO PMI! And you could qualify for first-time home Buyer’s $8,000 tax credit!   

Check out remaining 3 homes  Click Here to View Listings at Kelly’s Cove

1 home PENDING and 3 lots SOLD–things are happening!

You can view the Video of Kelly’s Cove/Conway @ vimeo.com/2244878

For more information: Ruth Haffield @ ruth.haffield@century21.com or call at 843-251-5274

If you’d like to visit other cities in South Carolina, we invite you to visit www.LetsCelebrateSouthCarolina.com

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Downtown picture of Conway, South Carolina

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2009 $8,000 tax credit used at closing table?

15 05 2009

$8000 Tax Credit Can Be Used for Down Payment!!


Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment.

Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and that deterred some people from using the credit. The NATIONAL ASSOCIATION OF REALTORS® has been calling for the change.

“We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Donovan says. His remarks came in an address to several thousand REALTORS® gathered Tuesday morning at “The Real Estate Summit: Advancing the U.S. Economy,” at the 2009 REALTORS® Midyear Legislative Meetings & Trade Expo in Washington, D.C..

He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

Above text in an excerpt from the HUD Secretary’s speech.  To view the full speech, visit: http://www.hud.gov/news/speeches/2009-05-12.cfm If you experience difficulty with this site, you can copy & paste in address box.  Thank you!

Of course, details are note available; but, I’m sure that our CENTURY21 Mortgage Broker, Kathey Atwater, will keep us informed.  Her website is at the top right.








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