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Lubers, CO Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program using Lubers CO FHA 203k Renovation Loans.Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA (a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.This loan ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Surrounding Lubers area is a prime area for 100% financing on a home loan. Lubers, Colorado buyers can get 100% financing on new home purchases in close by areas.This 100% program is truly not just for rural housing but for most of the geographic areas surrounding Lubers, Colorado qualifies for: - 100% Financing Available- Small Monthly Mortgage Insurance (.30% of loan amount per year)- Interest Rates are still very competitive compared to Conventional and FHA. The biggest benefit is no down payment to a USDA loan- true 100% financing- with long term, 30 year fixed rate loans. Low MI (mortgage insurance) compare it to FHA and Conventional and see the savings! Let's take a look at qualifying requirements for a USDA home loan: There are some geographic areas that do not allow for USDA loa...
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