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Breaking News

FHA WAIVES 90 DAY SEASONING " FLIP RULE " Effective February 01,2010 - Short Sale Investors can now complete a Short sale on a home and turn right around and "flip" that home to an FHA financed buyer. No more 90 days! Need more information

Average Buyers Can Afford Most Homes

Housing is remarkably affordable these days. A family earning the nation’s median income of $64,000 a year could afford to buy 72.3 percent of all homes sold in the United States during the second quarter of 2009, according to the National Association

How much can I ask for in seller concessions?

Typically on conventional loans the most a buyer receives in seller concessions is 3% (On a $100,000 purchase, $3,000). Making a larger down payment can raise the amount of concessions allowed from 3% to 6% or even 9%. However you rarely see these high