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MLS# 1008445 / Residential
$179,000 in Charleston, SC

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Apr 09th 2010

Fannie Mae Homepath VS FHA loans

Posted By: Marshall Walker In: Mortgage
Tags: first time homebuyer, fha, fannie mae, homepath

Hello Marshall.

 

Enclosed is a report to help shed light on the FHA vs HomePath confusion.

Many applicants call us thinking that the HomePath loan program has a better rate than FHA.  As you know the rate is higher. 

 

The main benefits of HomePath are no appraisal requirement, no required repairs (unless home requires a HomePath Renovation Loan), low down payment, and more flexible guidelines with underwriting.

 

HomePath offer a lower down payment (3.0% vs 3.5% for FHA).  However HomePath has a higher rate when only placing the minimum 3.0% down payment.

The higher rate is how Fannie Mae "self insures" the mortgage insurance risk....by not requiring mortgage insurance.  Fannie ...


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Apr 08th 2010

Charleston Real Estate Trends

 Posted By: Marshall Walker In: Mortgage

Charleston, South Carolina Real Estate Trends

The Charleston, South Carolina real estate market is heating-up with buyers looking for

bargains in a highly desirable market which has been hit in recent years with declining

home prices. Due to its historic district and wide array of outdoor activities, Charleston

remains a favored destination for vacationers from around the United States. As a result,

Charleston real estate benefits from the relocation of homeowners who move here,

especially from the snow-filled states of the upper-Midwest and the Northeast.

This constant trend serves the Charleston real estate market well because it softens the

blow to the sagging housing demand ...


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Apr 03rd 2010

Charleston Peninsula - dont miss this special home

 Posted By: Marshall Walker In: Marshalls Listings

 

Image
15 DINGLE ST
1009299 - Residential
Charleston, SC

Sit on the Porch and meet your West Side community neighbors! This 3 bed 2.5 Bath Charleston Peninsula home was extensively renovated in early 2004. The home features nice open well thought out Floor Plan - Upstairs you will find 3 bedrooms and 2 full bath. Screened in porch and good sized back yard. Close to all area conveniences and just minutes to MUSC and CofC. Seller is providing home warranty for buyers piece of mind however during renovation this home received new cement plank siding, new HVAC, wiring and plumbing. This home even had a new foundation footing poured! Call your agent to view this home quickly before its gone! Buy...


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