Successful Classes

Well my first ever first-time homebuyer classes are finished (for now) and I feel that they were successful at getting some valuable information out there for first-timers. This is such a great time to buy your first home. I've asked a number of Realtors who have been in the business for over 30 years and they believe this is the best opportunity since they've been in real estate. This is a time when I wish I could be buying my first home. I mean look at all the bonuses:

- $8000 tax credit (see previous post)
- Rural development loan (see previous post)
- A large inventory of houses on the market
- Nearing historic low interest rates

If you missed the class but would still like more information on any of the above I'd love to sit down and discuss these with you. You can contact me at trfinch@gmail.com or give me a call at 937-423-3316.

Homebuyers Class Sign-up Reminder

Remember to sign-up for the free first-time homebuyer class offered by Leis Realty and National City Mortgage in Greenville, Ohio. The dates are Wed. Mar. 25th and Mon. Mar. 30th from 6:30 - 8:00 at the Chestnut Village Center in the Brethren Home Retirement Community. This is free but you need to sign up because of limited seating. You can email me at trfinch@gmail.com or Diane Hill at diane.hill@ncmc.com or you may call Leis Realty at 937-538-5750 ext. 245. Make sure, if leaving a message, that you include your name, phone # or email and the date you wish to attend. More information can be seen in one of my earlier posts. See you there.

New First-Time Homebuyer Loan

I just listened to a presentation on the new USDA Rural Development Guaranteed Rural Housing Loan at a meeting yesterday and it looks like the ideal type of loan for first-time homebuyers in the Darke County, Ohio area.

Some of the details are:

- No down payment required
- 30 year fixed rate
- 102% LTV (loan to value) means you might be able to get some of your closing costs paid too
- No mortgage insurance
- No cash contribution required from the borrower
- Unrestricted gifts from others and no need to document the source of the gift
- No maximum loan amount
- No reserve requirement

A designated "rural area" include open country and places with a population of 10,000 or less and under certain conditions, towns and cities between 10,000 and 25,000 residents. Every town and rural area in Darke County falls within these requirements. If you need further questions answered, leave me a comment or give me a call and I can give you the names of some of the banks and mortgage companies that offer this loan program.

This loan program will also be explained at the First-time Homebuyer Class offered Mar. 25th & Mar. 30th (See previous post for more information about this class). Hope to see you there.

Todd Finch
trfinch@gmail.com
937-423-3316