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
Waiting To Buy A Home Could Cost You
It's a crazy market out there! With the surge in demand and lack of inventory finding the right home can be frustrating and take a lot of patients. It can be easy for home buyers to throw in the towel and put off buying a home with the hopes things will get easier. Don't assume... 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
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
We Are Number One !!!!
In celebration of National Homeownership Month the USDA's Acting State Director for Michigan announced the top 10 rural development lenders in Michigan. We are proud to say that again for 2016 Amerifirst Home Mortgage is number one! In fact Amerifirst had a 16% market share for the program in 2016. The second lender on the... Read More
HUD Homes Lunch n’ Learn
We will be putting on a lunch n' learn event at the Greater Kalamazoo Association of Realtors! If you are interested in learning more about HUD Homes and all the unique things that come with them this is a must attend event. Some of the items covered will be: Loan program options Special $100 down... Read More
2016 USDA / Rural Development Changes!
HUGE Announcement!!!! The USDA made some major improvements to the Single Family Housing Guaranteed Loan Program also know as a Rural Development loan. The upfront guarantee fee changed from 2.75% to 1% of the loan amount and the annual fee changed from .5% to .35% of the average scheduled unpaid principal balance for the life... Read More
Kalamazoo Community Coming Together
This is a heart touching story of a number of local businesses including Amerifirst Home Mortgage coming together to help some of my buyers. It was wonderful to be involved with this project and the family certainly deserved everything that was given to them.... 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
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SELLER CONCESSIONS VS. PRICE REDUCTION
SELLER CONCESSIONS VS. PRICE REDUCTION: WHICH SAVES YOU MORE CASH IN KALAMAZOO?
Are you preparing an offer on a home in Kalamazoo, Portage, or Texas Township and trying to get the best financial deal from the seller?
Yesterday, a move-up buyer walked into my office after touring a spotless four-bedroom colonial near Westnedge Hill. The home listed at $310,000. They wanted to negotiate $10,000 off the deal to make their overall purchase more affordable.
Their immediate thought was to offer $300,000.
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