Wanda's Blog: March 2009

New Listing 1803 Ridgewood Ter. SE

LOCATED WITHIN THE HISTORAL DISTRICT, THIS WELL MAINTAINED HOME IS FULL OF CHARM,GRACE AND CHARACTER. THIS WELL LOVED HOME IS LOOKING FOR ANOTHER FAMILY TO MAKE IT THEIR HOME.  BEAUTIFUL WIDE OAK TRIM AND FLOORS, LARGE KITCHEN, STUDY, DINING ROOM, LIVING ROOM WITH FIREPLACE, LARGE BEDROOMS THROUGH OUT AND GOOD STORAGE. FURNACE/AC REPLACED 1990, ROOF 1994 AND GARAGE BUILT 1996 PER ASSESSORS SITE.  NO PROPERTY DISCLOSURE.   Call Wanda Tharp at 319-361-2383 to set up a showing!

New

0 comments • Wanda Tharp • March 20 2009 03:22PM

New Listing 5915 River Parkway NE

ATTENTION TO DETAIL, QUALLITY, LAYOUT AND LOT SAY IT ALL! BEAUTIFUL FIRE PLACE, WET BAR, MEDIA ROOM WIRED FOR HOME THEATER, ART NICHE, GRANITE, TILE, HARDWOOD, MAPLE CABINETS, VOLUME CEILINGS, WIRED FOR SECURITY SYSTEM,HAS CENTRAL VAC, WIRED FOR FLAT SCREEN TV THROUGH OUT AND SOUND, TILE SHOWER AND WHIRLPOOL, ANDERSON WINDOWS, ENJOY TREES AND WILDLIFE FROM YOUR DECK. EXCEEDS ENERGY STAR REQUIREMENTS. OWNER IS SPOUSE OF LISTING AGENT. LISTING AGENT HAS AN INTEREST IN PROPERTY.

ATTENTION TO DETAIL, QUALLITY, LAYOUT AND LOT SAY IT ALL!  BEAUTIFUL FIRE PLACE, WET BAR, MEDIA ROOM WIRED FOR HOME THEATER, ART NICHE, GRANITE, TILE, HARDWOOD, MAPLE CABINETS, VOLUME CEILINGS, WIRED FOR SECURITY SYSTEM,HAS CENTRAL VAC, WIRED FOR FLAT SCREEN TV THROUGH OUT AND SOUND, TILE SHOWER AND WHIRLPOOL, ANDERSON WINDOWS, ENJOY TREES AND WILDLIFE FROM YOUR DECK. EXCEEDS ENERGY STAR REQUIREMENTS.  OWNER IS SPOUSE OF LISTING AGENT.  LISTING AGENT HAS AN INTEREST IN PROPERTY.

0 comments • Wanda Tharp • March 20 2009 03:08PM

Are you not putting 20% down and you are preapproved---READ THIS

ARE YOU NOT PUTTING 20 % Down on YOUR MORTGAGE?  Read this regardless of what program you are going through!

Here is some news on the mortgage lending front!   If you were given a pre-approval letter even a couple of weeks ago you may need to contact your lender. 

New guidelines have been set up for all lenders or loan approval on buyers needing PMI Mortgage Insurance.

 

  • maximum DTI(Debt to Income Ratio) is 41%, no exceptions and no compensating factors
  • minimum 680 credit score
  • 95% LTV(Loan to Value) 
  • If 1st Time Homebuyer,  can go to 97% with a minimum credit score of 700 
  • For 1st Time Homebuyer Govt loans (FHA, VA & RD), minimum credit score of 620 
  • If a non-1st Time HB FHA loan, minimum credit score of 580 
  • If a non-1st Time HB VA loan, minimum credit score of 640 
  • Minimum 2 months PITI reserves

Wow!  

Call me if you have any questions and would like to be referred to a mortgage lender.

Have a great day!  It's going to be 60 degrees today...That is fabulous when you live in Iowa!

 

 

0 comments • Wanda Tharp • March 05 2009 09:27AM