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"Making it Easier to Buy...FHA Loans"

by Wayne Turner

The HUD Secretary "HUD" also known as the U.S. Housing and Urban Development, Julian Castro said a decline in lending backed by the Federal Housing Administration (FHA) reflects a broader drop in the mortgage market and isn’t specific to the government insurer.

“The goal we have for FHA is that it continue to be a strong provider of opportunity for folks to own their first home and for folks who are credit-worthy but who may be of modest means,” Castro

What do this mean for all of us here in St.Tammany. FHA has reduce the credit score for home buyers to be 580 down from 620. This opens the doors for thousands of local home buyers looking to purchase.

If your on the fence about buying your first home or really even your second home, now is the time to capitalize on the economies low mortgage rates and the recent loosening of the purse strings of the federal backed loans.

If your a Veteran you quality for a VA No-Money down loan that is insured by VA. This means no mortgage insurance which can saves you hundreds of dollars each month. The credit score requirement is 600.

If you wish to buy a home for no money down you should consider an RD loan.  This stands for Rural Development. Even though we all consider our North Shore to be pretty citified, the government has allowed it to be classified as rural area.  This lends it's hand to allow for home buyers to purchase a home for No-Money. How? As the top Realtors for St.Tammany, we make sure the seller will cover the closing cost.

If your considering buying a home, check out the leading most used website for searching St.Tammany parish real estate.  www.WayneTurner.com

 

Just Reduced - 307 Eden Isles Blvd.

by Turner Real Estate Group

Deep Waterfront Living... 3 Huge Bedrooms w/ Covered Balconies Overlooking Water, Covered Back Porch, Fenced Yard w/ New Dock & Bulkhead, Live Oaks, Storm Shutters, Walk-In Closets, 2 Water Heaters, Large Open Living Area w/ Wet Bar & Brick Fireplace, Transferrable Flood Insurance Only $2100/Year!

Just Reduced - 325 Faciane Ln.

by Turner Real Estate Group

Best on the Water... 225 Ft. Deep Water Dock, Completely Remodeled Kitchen w/ Granite, Stainless GE Appliances & Bay Window, Exquisite Master Bedroom w/ Views of the Water, Dbl Closets, Renovated Master Bath w/ Whirlpool Tub & 6' Shower, Beautiful Pine Hardwood Floors, 6" Trims & Moldings, Private Office, 16' Vaulted Ceilings, Wood & Gas FP, Open Walk Overlooking Den, 2 Car Carport Plus 2 Car Garage & Circle Drive, Boat House w/ Lift, Corner Lot!

Displaying blog entries 1-3 of 3

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Turner Real Estate Group - 111 N. Causeway Blvd., Suite 101, Mandeville, LA 70448.  985-626-1313. 
Broker licensed in Louisiana and Tennessee. Sales Associates licensed in Louisiana.
Mandeville Real Estate - Covington Real Estate - Slidell Real Estate