FHA Back To Work ProgramWhat is the FHA Back to Work - Extenuating Circumstances Program?

The Federal Housing Administration (FHA) realizes that credit histories don't always reflect a person's true ability or willingness to pay on a mortgage. The FHA Back To Work - Extenuating Circumstances program can help you apply for an FHA loan and get into a home. Millions of U.S. homeowners who experienced financial difficulty under extenuating circumstances are now eligible to purchase new homes. You no longer need to wait 3 years to apply for an FHA loan after experiencing a foreclosure, short sale or deed-in-lieu. You no longer need to wait two years to apply for an FHA loan after experiencing a Chapter 7 or Chapter 13 bankruptcy. FHA has waived these waiting periods. NMWelcomeHome…

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There are many things that can affect home value so I made a list of the top items that could have an impact on your home value.  Some of these you can correct and some you cannot.

  • Location - Location can affect value especially if zoning changed in the area and now something undesirable is built.
  • Lack Up of Updates - You can fix this with a minimal investment. I have see great improvements with paint and replacing all light fixtures. You can obviously go as far as you want but be careful and don't go to far!
  • Short Sales and Foreclosure in your area - As the inventory for these sales types continues to go down it will have less of an impact on your home as time goes by. The reason is that appraisers will look at the last 3 months of sold…

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Current interest rates look great and is still a great time to apply for a mortgage! If you are interested in buying a home please give us a call at 505-259-3150.

Get your home search started here!

Current Interest Rates Albuquerque and Rio Rancho

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2403 PortafinoCabezon is a beautiful, new, up scale,sub-division. It is very clean and quiet. Due diligence of the neighborhood association.

The house is located close to entertainment, shopping, fitness centers and two hospitals. (Cottonwood Mall, Santa Ana & Sandia Casino, Presbyterian & Lovelace Hospital.) In addition, Intel is only about 5-10 minutes away.

My neighbors are friendly and I feel very safe there. There is a brand new movie theater within walking distance. The neighborhood includes a huge park, with a swimming pool, bike trails and walking paths, which are all pet friendly. All included with the neighborhood association. There are always football, soccer games and events going on at the park.

Extras include:
• A very open, single level, floor plan,…

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DR Horton is having a HUGE Red Tag Sales Event! Red Tag Sale DR Horton * Builder Trade-In They are offering special pricing, features and terms on their homes in all communities. The communities include Anasazi Ridge, La Cuentista, Montecito Estates, Prima Entrada, Sandstone Trails, Sierra Ranch, Stormcloud, Sundoro South, Taos at the Trails, Tierra Vista at the Trails, Volterra, Arbolera at Cabezon, Cielo Norte, Las Brisas, Northern Meadows, Wallen Park and Yucatan del Este. See all DR Horton Homes Click Here

Interested how you can get an even better deal on top of the Red Tag Sales Event? NMWelcomeHome Team offers a Builder Trade-In Program™?  

What is the Builder Trade-In Program™? Imagine trading in your current vehicle for a new one. With the Home Builder Trade-In Program™, there are…

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Student loan rates have doubled as of July 1, 2013. Do you have a student loan? Are you wondering how this affects getting a home loan? Will your rate be higher? Will you qualify for less? According to the latest information, student loans will double for NEW loans only. Student Loan Rate Up Home Rate? If you currently have a student loan as many do, you will not be affected. If you are interested in qualifying for a home loan before interest rates continue to rise, contact a NMWelcomeHome Team Specialist. We can  find the home right for you and help you contact a mortgage company to get the loan and loan rate you deserve. 

 

 

 

Click here to contact a NMWelcomeHome Buyer/Seller Specialist.

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NMWelcomeHome Team consists of Buyer's Specialist, Seller's Specialist,  Marketing Specialist and assistants to help you buy or sell your home. Whether you are a buyer or seller, we will have a team member help you through this process.  If you are wondering if you can sell, we can provide you with a FREE market analysis.

NMWelcomeHome.com Team

We have a Builder Trader Program if you want to sell your current home and get incentives when purchasing a new home.

Visit the teams website NMWelcomeHome.com, email or call us today for more information (505) 350-8184.

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Time could be running short on these still ultra low interest rates. If you are thinking of buying a home in Albuquerque or Rio Rancho but may want to wait a bit longer, it may cost you. See the chart below and then call your assigned Buyer Specialist with the NMWelcomeHome Team to start viewing homes today.

Click here to contact your assigned agent.

What happens if interest rates go up?

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SOLD We can Sell Yours Too

We Sold This Home In 15 Days!

Interested in knowing the value of your home? Click Here

See what past sellers have said about us!

Willow Trace is a small development of about 80 homes. We have never had any problems in the 8 years I have lived here and it is very rare that the RR Police are in the neighborhood. A very friendly community just two blocks away from RR Sports Complex with dog park. About two miles from RR High School, RR Library, Aquatic Center and Blade Center. Close to shopping and lots of places to walk.

I picked this house because it is very bright and has a nice back yard. You can watch 4th of July Fireworks from my backyard. Many weekends the hot air balloons fly right over the house and during Balloon Fiesta the sightseeing is…

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If you are thinking of moving up or down sizing, now is the time!

We have successfully sold many homes this year in Albuquerque and Rio Rancho under the Trade-In Program and would like to help you too.

To learn more about the program and to contact us, click here.

Contact Carlos Martinez at (505) 350-8184.

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