February 2011

Found 12 blog entries for February 2011.

Some Santa Cruz County home buyers have an advantage that others don’t in today’s housing market.  They can qualify for an FHA loan. 

Federal Housing Administration (FHA) loans help Santa Cruz County home buyers who would otherwise have trouble being approved for a mortgage.  You can qualify for a loan if you have less than perfect credit.  FHA loans are available even after bankruptcy and foreclosure, if you have maintained good credit for the following two to three years.

What are the requirements for FHA loans?
FHA loans have strict home appraisal guidelines.  The appraisal value helps determine the FHA mortgage limit.  Each state has its own rules regarding maximum loan limits.

What are the advantages to FHA loans?
One advantage of an FHA loan is

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Your kids are grown and gone and without them your Santa Cruz County home was simply too big and too much work.  So you sold it.  Now you’re asking yourself, “Should I buy a new Santa Cruz County home in a retirement community?”

The answer depends on what's important to you. Do you crave the company of others? Would you use many of the amenities provided at the community?  If yes, then you might prefer the convenience of a retirement community. 

Many communities offer amenities to attract buyers, such as:

• Golf courses
• Swimming pools
• On-site exercise facilities
• Trails for hikes and biking
• Clubs, associations, and various interest groups.

Other things you need to consider before making your decision are:

• Do you meet the age requirements

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