New Eligibility Rules Announced From Fannie Mae! There’s great news from Fannie Mae for home buyers who have experienced a short sale or deed in lieu of foreclosure. To help the housing market’s continued stability, Fannie Mae is changing the “waiting period” (i.e. the amount of time that must elapse after the preforeclosure or short …
Tag Archive: melbourne florida mortgage
Aug
30
Brevard County Mortgage and Real Estate Market Data For July 2009
Here is a powerful and positive little fact: sales for single family residences for Brevard County are up over 22% for July of 2009 verses July of 2008. That is an astounding year over year number. Additionally, new listings are down slightly over 20% this July verses last July. So, it looks like sales are up and inventory is down; this is a strong sign that the market is improving, and we are bottomed out. If we continue on this track, this current real estate “sale†could end.
Aug
25
Brevard County FHA Mortgage update: Current County Limits
The FHA is a great loan as it gives home owners a very low down payment option, allows features that conventional loans do not (a conventional loan is any loan that is not a government loan), and has historically very low interest rates. Currently the FHA will allow a loan amount up to $291,250 for a single family residence in Brevard County, Fl.
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