Community and School Reports
If you would like us to send you a Community and School Report that includes detailed community and school information for any area around Charleston, SC or any other zip code in the U.S., just let us know.
News About Fannie Mae Owned Properties
On REO (foreclosure) properties that Fannie Mae owns… They are marketing 3.5% of the Sales Price for Buyers Closing Costs, Prepaids, and GE appliances… there are a couple of small print lines… the buyer DOES NOT have to utilize the HomePath program to qualify!….. ask us for details!
We have an excel spread sheet of all [...]
New Regulations for the Truth in Lending Act
This Thursday, July 30th, new regulations will go into effect that revise the Truth In Lending Act (TILA), changing the way loan terms are disclosed and mortgage fees are collected. The changes are a result of a provision in the Housing and Economic Recovery Act (HERA), which was passed by Congress in July 2008. The [...]
First Time Homebuyer Credit and USDA Loans
Showings continue to be way up in the Charleston area, though I can’t say they have translated into increased sales yet. One thing that surprises me is that I haven’t seen more first time home buyers wanting to purchase. I wold have thought that the 8K tax credit incentive would be enough to get a [...]
The First Time Home Buyer Tax Credit Explained
I know I have had a lot of mortgage market posts lately. However, things are changing so quickly that i feel it is really relevant and important information for all of my clients to be aware of. Please see below from Katie Mahoney, Carolina One Mortgage, 843-345-7009:
Everything You Need To Know About The $8,000 First [...]
Changes to Mortgage Insurance Guidelines
Here are some very important changes in the mortgage market that could affect a lot of people. This comes from Katie Mahoney, of Carolina One Mortgage, 843-345-7009.
The Meridian on James Island, SC
I like The Meridian on James Island. If you are in the under 200K price range, and want to be on James Island, you should definitely check it out. It’s located off of Folly Road. As you’re heading out toward Folly Beach, you take a right at the Walmart, and the neighborhood is down on [...]
Affordable Waterfront Homes around Charleston, SC
Of the 7,303 single family homes for sale in our MLS system, 315 of them have a dock. Of that 315, there are 52 that are priced under 500K. Which, to me, is exciting. There are at least three “fish camp” type places directly on the Edisto River that are priced less than 200K. I [...]
New Loan Program from Carolina One Mortgage
Carolina One Mortgage (a division of Guaranty Bank) has a neat new loan program that lends more than what the purchase price is, if the money is going to be used for repairs or renovations to the home. It is an FHA backed loan, which allows people with less than perfect credit to qualify, and [...]
Elevated Homes in the Lowcountry
I worked with some people a while back who were looking for a vacant lot in Mt. Pleasant, upon which they wanted to build a retirement home. They finally settled on Darrell Creek, which is a neighborhood on the north side of Mt. Pleasant, very close to the new Wando High School, which was not [...]
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