Bayshore Beautiful (Tampa, FL)
By inboundREM Market Updates
(InboundREM)
Bayshore Beautiful, South Tampa, Florida Neighborhood Information and Market ReportThe Bayshore Beautiful NeighborhoodBayshore Beautiful, as the name implies, is a lovely bayside neighborhood along the eastern side of the South Tampa district of Tampa, Florida. The community is in the southern part of the area bounded by Bayshore Boulevard to the east, W Gandy Boulevard to the south, S Himes Avenue to the west, and W El Prado Boulevard to the north. The area is comprised primarily of suburban residential developments with lots of single-family homes along well-maintained, tree-lined streets. These houses offer spacious living arrangements with large lots with ample space for open backyards with swimming pools. Most residences in the area feature classic cape-cod and colonial design and ...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
FHA Home Loans With Credit Scores Down to 500 The FHA AFFORDABLE PROGRAM was designed to help credit worthy borrowers who have been unable to obtain financing due to their credit scores. Under this program borrowers who have shown both the capacity and the willingness to pay their bills and expenses for the last 12 months but who's credit scores are standing in the way of obtaining an APPROVAL via automated underwriting will now be giving consideration under this new program. Stringent overlays apply such as: 1) Debt Ratio's cannot exceed 31/43 2) Down Payment must come from borrowers own funds - Gift funds for the initial 3.50% down are not allowed. 3) No increase in new loan payments (PITI) over current rent payments - If no rent payments then the ability to save or reduce debt by the...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
  The Pro's and Con's of FHA/VA/USDA Home Loans In Tampa Florida If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home. The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used. The VA and USDA Loans do not require mortgage Insurance but have a funding fee that is financed into the loan. The USDA funding fee is currently 3.5% but expected to rise with the growing number of defaults. The VA funding fee varies a...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Here's how to obtain your IRS transcripts with-in minutes Call 1-800-908-9946 press (1) for English give your Social Security Number when prompted, and give the street number of the address on the your tax returns. Listen to the automated message and when it prompts you to submit an order by pressing (1) DON'T Instead hit zero (0) and speak to an operator. You can now request through the operator a faxed copy of any years transcripts needed. The operator will ask you questions that pertain to your tax return file that only you would know but after confirming you are who you say you are your returns will be promptly faxed to you.
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Credit Repair Techniques - Part 3 of 3 For many people in today's economy the financial situation is so sever that alternative measures are needed and we must look at the short and long term effects of each individuals situation on a case by case basis. I know many who purchased investment homes during the Real Estate Boon who set out to make a profit not a loss. A lot of work and time was put into finding the right property followed by long weekends of Rehab work to get the home in retail condition prior to selling or renting it. They did not go to these extremes knowing that they were going to lose thousands of dollars in the process. Nobody wants to be UPSIDE DOWN on their mortgage but the facts are many who purchased these homes as their primary homes paid top dollar and in the year...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Young Uninformed First Time Home Buyers have NO business buying Foreclosures and Bank Owned Properties. Homes have never been more affordable. Home Prices and Mortgage Loan Rates are as low as they have ever been. Nationally over 70% of the homes sold in the last 2 years have been affordable to households making the national average incomes. New homes are under warranty and protected. The fixtures and appliances are new and under warranty as well. Short sales can be OK on a case by case basis. Condition is the key and how much the buyers have in reserve to make unknown unforeseeable repairs on older pre-existing homes that have not been properly maintained.       Some will ask what business I have giving such advise. After all I am a loan originator not a real estate professional. Well ...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
PURCHASE AND REHAB YOUR HOME IN TAMPA FLORIDA WITH THE FHA 203(K) LOAN - Most home buyers are turned off at the sight or even thought of buying a fixer-upper; a foreclosure or an older home today. However, educated and informed home buyers are utilizing the FHA 203(k) loan to buy their new home and fix it up with no additional out-of-pocket expense. The FHA 203(k) loan is a tool that savvy home buyers, successful contractors, Realtors and mortgage originators have been using since 1978. An FHA 203(k) loan is very similar to the traditional FHA loan. The only real difference is that with the FHA 203(k) loan, the home buyer is adding money to their mortgage balance to finance-in any repair/improvement cost. Whereas the traditional FHA loan requires that certain repairs be done before the ...
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