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Investors turn their eyes to affordable housing opportunities

Housing Wire

The public and policymakers appear to be unflagging in their understanding and support for workforce housing, especially for essential workers, recognizing its pivotal role in community operations, said Brian Coffee, senior director for community investment capital for Synovus Bank in Birmingham, Alabama.

Investors 427
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Deciding on Your Starter Home: 5 Key Factors to Consider

Eppraisal

Consider proximity to work, schools, amenities, and public transportation. Beyond the purchase price, factor in additional expenses like property taxes, insurance, maintenance, and utilities. Opting for a home with growth potential can safeguard your investment and provide flexibility for future upgrades or relocation.

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Opinion: Fannie Mae’s title insurance pilot program overreaches

Housing Wire

Unfortunately, one of the proposals the President mentioned in the SOTU was to revive a previously discredited and shelved pilot program that would waive the requirement for lender’s title insurance on certain refinances by Fannie Mae. By law it is not an insurer nor is it capitalized or regulated to do this. million in claims.

Insurance 433
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Home Appraisals – What Do They Look For?

D Fritz Appraisals

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property.

Appraisal 105
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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Have you been inspired by one of the numerous investment property television shows? If so, you are probably intrigued by the prospect of investing in rental property. Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Property taxes.

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What’s Included in Closing Costs?

PennyMac

If you’re buying a second property (such as an investment property), sellers can contribute the same amounts for down payments above 10%. Most second properties require higher down payments, so down payments under 10% aren’t applicable in most cases. FHA Mortgage Insurance Premium. Homeowners Insurance.

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Can You Get a Mortgage for a Tiny Home?

Assurance Financial

Whether you’re looking to take all the comforts of home on the road with you or you’re hoping to downsize and reduce your carbon footprint responsibly, joining the tiny house movement can be quite a worthwhile investment. Compared to THOW, tiny houses on foundations are easier to mortgage and insure. Construction Loans.