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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Can You Guess The Listing Price of My New Listing?Mirador Listing Price Contest

SOON TO HIT THE MARKET! 2896 square feet, 4 bedrooms, 2 living areas, dining area, bedroom downstairs, and granite counter tops. Views of Rio Rancho and Albuquerque.   Click Here to make a guess  
$25 gift card if you can guess the listing price of this Home $$$$$$  
RULES: Log on to Facebook (Carlos Martinez www.NMWelcomeHome.com Real Estate)
One guess per person
NO Hints will be given
The first One person who guesses right WINS
GOOD LUCK   

Click here to contact a NMWelcomeHome Buyer/Seller Specialist.

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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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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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The popular first time home buyer program MFA (Mortgage Finance Authority) in Albuquerque and Rio rancho is decreasing the interest rate on the Mortgage Saver Program. This is a great option for anyone that has not owned a home in the last 3 years.

See below.

  Current Interest Rate New Interest Rate
Mortgage Saver - Gov't 3.250% No Change
Mortgage Saver - Conv 3.500% No Change
Mortgage Saver Zero - Gov't 3.750% 3.500%
Mortgage Saver Zero - Conv 4.000% 3.750%
Mortgage Saver Plus - Gov't 4.250% 4.000%
Mortgage Saver Plus - Conv 4.500% 4.250%

See homes that qualify for First Time Home Buyers (505) 886-1432 - Click Here

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