Archive | Loan Programs RSS feed for this section

Financing A Non Warrantable (Non-Conforming) Condominium

Brent Diebert offers Non Warrantable Condo Financing for owner occupants in most of the U.S.

Leave a comment Continue Reading →

Hot mortgage products in Ohio

Grants Homebuyers in need of down payment assistance in Ohio have 2 grant programs available that offer up to 5% in down payment and closing cost assistance.  The programs are available with both conventional and FHA purchases.  These are not limited to first time homebuyers so even if you have owned a home in the […]

Leave a comment Continue Reading →

Fannie Mae Changes to 3% Down Program Available Today

Fannie Mae has made changes to its HomeReady mortgage program effective 7/26/2016.  The HomeReady program offers low / moderate income borrowers 3% down payment options for purchasing a home. Changes that go into effect immediately include: Income limits have been raised to 100 percent of area median income (AMI) in all areas except for low […]

Leave a comment Continue Reading →

Tips for buying before you sell your home

The Central Ohio real estate market (like many others) is hot. If you in the market to purchase a home you have already experienced what I mean.  With multiple offers are common on most properties so buyers are making their 1st offer their best.  If you have a home to sell and want to make […]

Leave a comment Continue Reading →

How much seller paid closing costs are allowable?

When writing a purchase offer seller concessions can be a negotiating tool.  Here’s a guide for the maximum allowable for different loan programs. Program: Conventional (Fannie Mae / Freddie Mac) for owner occupants 1) 25% or more down payment = 9% allowed seller concessions. 2) Less than 25% down and up to 10% down payment […]

Leave a comment Continue Reading →

Local Lenders

Having a local lender in the Columbus area is one of the best benefits that you could ask for

Leave a comment Continue Reading →

Use 100% Gift Funds for Your Home Purchase

If you are thinking of buying a home but have not saved up enough for your down payment there are options available. Conventional loans allow for 100% gift funds from a qualified donor when purchasing a home just as FHA does. Most banks may tell you that the use of gift funds for a low […]

Leave a comment Continue Reading →

Welcome Home Grant of $5000 Where is the money from?

  The funds for the Welcome Home Grant are not directly from the Federal Government but rather the Federal Home Loan Bank of Cincinnati.  The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) for home mortgage loans, small […]

Leave a comment Continue Reading →

$5,000 Welcome Home Grant CLOSED 4/11/2014

See 2017 Welcome Home post at http://www.bdiebert.com/2017/01/31/welcome-home-grant-2017-for-5000-on-31/   $200,000 available with “Welcome Home Grant” available for distribution starting MARCH 3RD.  I highly recommend you start writing purchase contracts NOW so that funds can be reserved immediately on March 3rd.  Funds are available for a very limited time on a first come first serve basis Welcome Home Grant  Down […]

Leave a comment Continue Reading →

NPR Podcast on Fair Housing

Leave a comment Continue Reading →