Amanda Clark

Archive for September, 2010|Monthly archive page

Rent to Own Condo Near Midtown Crossing!

In Uncategorized on September 26, 2010 at 3:25 pm

Great location – totally remodeled – fabulous, quiet street and the owner, who I represent as his Realtor, is willing to rent with an option of buying in 6 months, 1year or 2 years!
How does it work? We do the normal background/employment/credit check in our rental application as well as get you a free consultation with a loan officer (optional) who can let you know how to qualify to buy within 6 months, or 1 or 2 years. Then, we collect rent and take care of repairs just as we would any other rental property – except – we hold $50 for you in an account that you can use as your down payment when you are ready to buy. If you don’t choose to buy, we can return your deposit of $650 in full, as long as the property is still in great condition.
About the town home: $650 per month, On street parking, 3 beds, 2 baths, range, oven, dishwasher, 2.5 stories, unfinished basement for storage and 1,200 sq ft., tenant is responsible for OPPD/MUD/cable/internet but the owner will take care of lawn care and snow removal.

Thanks for looking!

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City of Omaha’s affordable homeownership program for moderate and below income buyers – new townhomes avail.!

In Uncategorized on September 24, 2010 at 6:36 pm
The Price for these avail. townhomes is $145,000 BUT
Payments are based on $85000 only
because the City gives a $60000 0%
interest loan that is silent and never
has to be paid back as long as you
own the home. Each year you live in
the home that silent loan decreases
$3000, until the 10th year, and without
ever making a payment you will owe
only $30,000.( after 10 years you
always owe 30k. Part of the 60k can
also be used for downpayment
assistance. Buyers must be 20%
below median income.
What you will get is a 3 bedroom, 3 bath, Corian countertops, stainless appliances, 2 car attached garage, Ceramic tile, even a remote control skylight.  Ceiling fans, gdo, balconies, I could go on and on.
The properties are the work/live townhouses that are at 2010-2046 North 24th St.  The concept was so that the room in the lower level could be a small home business but the client could also have a family room, or rec room.
How do you get this? You have to qualify for an $85000 loan but one person can not exceed approx. $39000, 2 in the household can not exceed approx $44000 and 3 in the household cannot exceed approx $50000.  So you have to make at least enough to qualify for $85000 but not over the income guidelines. 
Questions? email me at rosamanda@hotmail.com

Buy your first house for only $1,000 down.

In Uncategorized on September 19, 2010 at 5:08 pm

It has been the case, with an FHA loan, that a borrower has to have some serious cash for a down payment –  not as much as they would with a conventional loan, but still, more than 3% of the purchase price – which can still total around $3,000-$5,000 for most buyers. But relief arrived for 1st time buyers this week when NIFA announced the Homebuyer’s Assistance Mortgage, which will (for qualified borrowers) mean that much less will have to be gifted or taken from a buyer’s savings account – only $1,000 for most folks. Wow, I sure wish I was 1st time buyer these days!

Below is more Info. from www.nifa.org

NIFA’s Homebuyer Assistance (HBA) Mortgage provides down payment and closing cost assistance. To qualify, the borrower must meet the same requirements as a First Home Plus Mortgage including the income and purchase price limits

and the first-time homebuyer requirement.

Under the HBA Loan Program, NIFA will provide, in connection with a NIFA first mortgage loan, a second mortgage loan in an amount up to 3% of the purchase price of a single‐family residence. The HBA Loan Program provides a portion of the down payment and/or closing costs to the borrower at the time of loan closing. The loan will be structured as an amortizing second mortgage loan with monthly principal and interest payments over a 7‐year period (84 months). The HBA mortgage is assumable under certain conditions.

Buy the house where 3 generations of my mother’s family lived…$129,000

In Uncategorized on September 19, 2010 at 5:05 pm

It has been updated pretty generously – but the beautiful craftsmen woodwork and wrap-around porch look the same as they did when I was 4.

I’m showing the house later today and I can’t wait to see how it looks in person.