What is an escrow account? How do they work?

If you are looking at obtaining a mortgage or already have one, more than likely you will need to deal with an escrow account.  It can be difficult to understand the timing and moving piece within the escrow account.  Inevitably, if you have an escrow account your mortgage payment will change each year.  Understanding how... Read More

Maximum Loan Limits Increase Nationwide

Most of the loans done in the United States end up with Fannie Mae, Freddie Mac, or The Federal Housing Administration (FHA).  All three agencies have Maximum Loan Limits, meaning that regardless of someone's qualification there is a cap on the loan amount.  Over the last few days all three announced increases to those limits. ... Read More

Buying and Financing HUD Homes

Simply Put We LOVE Financing HUD Homes! HUD homes are foreclosed homes.  They are homes that the previous owner took out a FHA loan and were subsequently foreclosed on.  HUD/FHA then takes those homes and resells them.  Not only are HUD homes listed for sale on the local MLS but they are also listed for... Read More

Home Renovation Loan Process

Since COVID hit, the housing market has been crazy!  With housing in high demand, the competition is getting tough out there.  Buyers are looking for alternative ways to buy a home and many have turned to renovation financing.  In fact, our renovation volume has tripled so far in 2021.  There are a number of reasons... Read More

Understanding Property Tax Increases

Many home buyers have been facing a very challenging market over the past few years. The current supply of homes on the market just can’t keep up with the huge demand out there. It’s not uncommon for a home to come on the market and be sold in a matter of days after receiving multiple... Read More

USDA Rural Development Expands Loan Eligibility to Existing Manufactured Homes

Great News!  Home buyers looking to purchase a manufactured home can now do so using the USDA Rural Development program.  That means buyers can take advantage of zero down financing and low mortgage insurance rates when the purchase a manufactured home.  This is huge for the more rural communities in Michigan were there are many... Read More

Restoring History with an FHA 203k Renovation Mortgage

This is a story of a home owner who purchased a home with extensive fire damage.  They brought this 1870's historic home back to life using a FHA 203k Renovation mortgage to complete all the needed repairs and more.  A piece of Kalamazoo, Michigan's history has been restored!... Read More

Manufactured Home Loan Programs

Great news!  It keeps getting easier and easier to finance manufactured homes.  Here are four possible ways to finance manufactured homes! The basic programs that will work for manufactured homes are: FHA - 3.5% down FHA 203k Renovation - 3.5% down VA - 0 Down Conventional - 5% down Rural Development - 0 Down MSHDA... Read More

$100 Down FHA Financing!

Great News! Effective Oct. 1, 2016 HUD homes financed with FHA-insured financing are eligible to be purchased with only $100 down. This sales incentive is for properties in Michigan and Ohio. You can get a list of HUD homes for sale in your area at HudHomeStore.com or give me a jingle and I will hook... Read More

Allegan County News Interview

I was recently interviewed by the Allegan County News for an article entitled "FEMA Flood Map Work Might Hit Your Wallet" the article was spot on and went into some great points about home potential changes could affect home owners if there properties were moved into the "Flood Plain".  If you a curious how close your property... Read More

Latest Blog Post

November Lunch and Learn / Webinar: Low Down Payment Options For Home Buyers

Money, Money, Money, Money

One of the biggest myths out there is that you need a bunch of money to buy a house.  That’s simply not true.  There are a number of No and Low down payment options for home buyers.  On top of that you don’t have to be a first time home buyer to access many of those programs.    During our next lunch and learn we will cover all the different options out there for buyers looking to minimize their down payment.  Over the last couple years its been harder to get a lot of these types of offers accepted.  However, with the market going back to a much more “normal” state it’s not nearly as hard as it was just a few short months ago.  This is the perfect time for Realtors to reconnect with their past customers and get back out there looking.   Come check out this lunch and learn and get a refresh course on low down payment options for buyers!

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

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