Shawn

FHA Loan Limits Are Going Down Soon!

Buy or Re-Fi now! As of September 30,2011 the new FHA loan limits will be going down. Please remember though that this means the loan limit and not the sales price. FHA requires at least a 3.5% down payment on every loan. For a single family home in El Paso county, the new FHA loan limit will be $271,050 instead of the current $325000. I personally do not see this as a problem in the Colorado Springs area. (more...)Continue Reading!

“Do’s” and “Don’ts” Make Getting a Mortgage Easier

Waiting for your closing day? During the processing of your loan there are certain things to keep in mind that may impact your loan transaction. During the loan approval process, your credit history, income and assets are verified for the initial approval and oftentimes just before your loan closing.  (more...)Continue Reading!

Benefits of an FHA Home Loan are many!

FHA loans have increased in popularity in the past few years and for good reason. I'll list a few in this post. First, the FHA loan requires a down payment of only 3.5%. This helps first time buyers get into a home with little investment. Next, closing costs of up to 3% can be paid by the seller of the home. This is another great benefit that helps buyers with little cash buy a home. (more...)Continue Reading!

2040 W Yampa Colorado Springs CO 80904 $109,900

[nggallery id=14] Perfect for investors! This bank-owned duplex is in need of updating but with a bit of cosmetic help, it could be a great rental property.  Prime westside location. Walking distance to Uintah Gardens shopping center. (more...)Continue Reading!

7255 Killington Fountain CO 80817 $139900

[nggallery id=12] Want to be close to Fort Carson? This is it! All new upscale remodel just minutes from Fort Carson! Gorgeous kitchen with all new cabinets, stainless appliances and slab granite counters. New paint inside and out. All new bathrooms as well. Nothing has been left undone in this home! Tri-level floor plan offers formal and casual living spaces. Four bedrooms, two baths. 1408 square feet. Attached garage with opener. Perfect for anyone who needs to move in fast and start...Continue Reading!

2920 La Estrella Circle 80917 $199900

Price Reduced! Super nice Villa Loma 4 level home. Lots of updates: newer roof, water heater, fireplace insert, vinyl windows, vinyl siding, carpet and paint. Eat-in kitchen features granite counters. You'll appreciate the large master bedroom with attached bathroom. Two other bedrooms fill out the upper level. Formal living and dining rooms are perfect for entertaining with style! Casual family room can be very cozy with it's fireplace.  Fourth level offers one huge bedroom perfect for teens or guests plus a lage...Continue Reading!

5 Reasons for Mortgage Pre-Approval Before you PCS

It's a Tricky Business Why get pre-approved? Many reasons actually but these 5 reasons below will convince you! 1.  You need ample time to get to know your lender As soon as you find out you are moving to Colorado Springs, you will want to work on interviewing your future Real Estate Agent as well as your Mortgage Lender. The process can be a stressful one! Ask lots of questions, get referrals from friends do your research! We can give you information on...Continue Reading!

Interest Rate Update

Just heard from Rose Kelly, Universal Lending Corporation. She tells me that today's rates are looking good. FHA 30 year  5.0% 5/1 ARM 4.25% VA 30 Year 5.0% Conventional 30 year fixed 5.125% CV 5/1 Arm 4.0% Rose is a top knotch local lender that I have worked with for years. She is your best source for mortgage information and service!  Contact me or leave a comment below to receive more detailed loan information.Continue Reading!