It’s been 5 years since US home builders topped
1 Million
home starts. This gain signals continued growth in the housing market. This is
great news as home prices are raising. This jump is expected to continue
throughout 2013 for a second year straight. However it’s not all good news
because wages have not increased but steady job growth and near record low
mortgage rates along with raising home values have encouraged people to buy
homes. Home
builder’s are stepping up production due the higher demand.
Federal Housing Administration (FHA) are making some changes
to guidelines and preparing for the increase in applications. USDA is following
with increase funds. On March 26,
2013, the President signed “H.R.933. Consolidated and Further Continuing
Appropriations Act, 2013” which provides funding through September 30,
2013. The Bill also extends the eligible rural areas that were in effect
as of September 30, 2012 until September 30, 2013 for Rural Housing Service
rural housing programs. A complete loan guarantee request received by
Rural Development on or before September 30, 2013, will not be subject to the
new rural area designations that will take place on October 1, 2013, barring
any Congressional action that extends current eligibility areas.
To purchase using FHA , USDA or Conventional financing
contact me today for a free consultation. Also get a FREE appraisal when you
mention this article and follow my blog. That’s a value of up to $650.
Call today for a FAST and Easy Pre-Qualification.
Roxy Redenbaugh
ACMC Loan Consultant
Branch Manager
NMLS #269926
808-637-0011
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