First Time Home Buyer Mortgage Loans in Kearns Utah First Time Home Buyer Mortgage Loans Kearns, UT This is your First Time Home Buyer guide to the 3 most popular mortgages and loans offered in the Kearns area, but If you would like a full list of mortgages offered to First Time Home Buyers in Kearns, go to http://www.spencerstott.com/loan-programs/. First Time Home Buyers in Kearns find the most popular loan option is a Conventional Fixed Rate Mortgage. These mortgages (FRM for fixed rate mortgages) offer a stable interest rate for the entire life of the loan and all monthly payments remain constant. A down payment of 20% is the norm, but not always required. FRM loans terms range from 10 to 40 years. Adjustable Rate Mortgages or "ARM" (cool acronym, huh?) are ever-changing. That's why... 10/24/2013

Home Loan in Kearns Utah Home loan options in Kearns,Utah. Want to know different mortgage options near Kearns,Utah? Here's your guide. Kearns,Utah's most popular mortgage option is called a Conventional Fixed Rate Mortgage. These Conventional Fixed Rate Mortgages, or FRM, provide a constant interest rate and monthly payment. Usually this loan requires a 20% down payment, but it is not always required! The life of this mortgage ranges 10-40 years. The opposite of a Fixed Rate Mortgage, Adjustable Rate Mortgages (ARM) are not fixed. Hence the name 'adjustable rate'. Depending on the market, your interest rate could change. Your interest rate is recalculated yearly. Since your interest rate changes, your monthly payment changes, too. Unless the market does something crazy, your interest r... 09/25/2013

Refinance Mortgage in Kearns Utah Home Refinance in Kearns, Utah Refinancing your home in Kearns, Utah. Refinancing your Kearns, Utah home can be a great option for you! The reason many people refinance is: - Wanting a lower monthly payment. - To take cash out of their home equity. - They want to get rid of their Private Mortgage Insurance (PMI). - To avoid balloon payments at the end of their original loan. To calculate your current mortgage use this simple Mortgage Calculator Tool. The advantages of refinancing your home can be amazing. If you've been meeting your monthly payments, your credit score probably got better! This means you could qualify for a lower interest rate and lower monthly payments. This could save you hundreds of dollars! If your loan has decreased and your home eq... 09/24/2013

FHA Loans in Kearns Utah Kearns, Utah FHA Loans FHA Loans in Kearns, Utah If you're thinking about buying a home in Kearns, Utah then a Federal Housing Administration (FHA) Loan may be rightfor you. If you: - Imperfect credit. - Want a low down payment. - Are worried that you can't qualify for a loan. - Are a first time home buyer. Then an FHA Loan is an amazing option! The FHA does not provide you the loan, rather it is your FHA approved lender who provides the loan and the FHA simply backs it. Because your lender is backed by the FHA, your monthly payments and interest rates can be low. For more information about how an FHA Loan works click here: portal.hud.gov. And requirements are much less rigid than other home loans. FHA Loan Requirements: - 3% Down Payment. - Flexible Income Req... 09/16/2013

VA Loans in Kearns UT VA Loans in Kearns, Utah. If you are/were in the military or a surviving spouse and you're looking to finance your home in Kearns, Utah, then VA Loans may be an option for you.   Here are the awesome benefits of using Veterans Affairs Loans (VA) in Kearns, Utah: - No Down Payment! - Other loans have strict credit standards, but VA Loans are much more laid back. - Interest rates might be lower than you'd imagine because of competition.     All of these benefits are great, but you need to qualify for them! Here are the qualifications for a VA Loan in Kearns, Utah: - Your credit score has to be decent. - To meet certain service requirements (such as length of service/duty status). - Sufficient Income. - And a Certificate of Eligibility (COE).   Once the COE is complet... 08/28/2013

Kearns Utah Real Estate increased by 12 homes sold, or 26%.  Median price of Kearns houses slipped 3% and average slipped by 6%, placing them very close to each other. 07/06/2010

From 2000-2006, the number of Kearns homes sold almost doubled.  Since that time, the number of homes sold almost cut back in half.  Kearns Real Estate sales price spent a few years in the low 100s before prices took a jump to the mid 100s where they currently stand. 02/09/2010

There was a 10.2% decrease of sold homes in Kearns. Major decreases were reported as median price went down 11.4% and average price went down 13.8%.  Current prices aren't much higher than what homes have been selling for.  90 Kearns residences are listed on the market so inventory is at 6 months. 07/07/2009

Home inspections have become very popular in today's real estate world.  Most buyers hire a professional home inspector to take a closer look at a home prior to closing, or even prior to writing a Real Estate Purchase Contract.  The inspections cover a multitude of systems within your house.  It is wise to take care of some of the more important ones before placing your home on the market: ·         Mold and Mildew ·         Roofing problems ·         Cracks in walls and ceilings ·         Structure and foundation ·         Gutters and downspouts ·         Plumbing problems ·         Heating and cooling ·         Electrical No home is perfect, and most inspectors will most likely find those imperfections.  Don't be discouraged, and don't feel that you must comply with unreasonable deman... 06/26/2009

I recently was the buyers representative on a home purchase. I had a great first time home buyer couple. We went out several times looking for that right home. We came across a home they just loved and we sat down and wrote the offer. It was lowere than the asking price but my buyers knew where they were willing to go. A high counter offer came back. They just shook thier heads and said lets keep looking. Well about a block away was another home with the same basic floor plan. They like it as well. We sat down and wrote almost the exact same offer as on the first house. The counter came back and it was a little better than they had received on the first try. They said lets keep looking. Then I got a call from the sellers agent. She wanted to know just what needed to be done to make this... 05/27/2009

Kearns witnessed a huge decrease in number of homes sold.  In fact, it was the largest decrease in the valley, down almost 57%.  Median sold price of homes in Kearns also went down 8% and average was down 12.6%.  Average current prices of homes has gone up 6.5% but median price has not changed.  There are 14 months of active inventory.   04/21/2009

By:  Robert A. Hulme - Realtor - Loan Officer Properties that are in distress usually are referred to as Foreclosures.  Foreclosure usually happens for a number of different reasons.  Few home owners choose to go into foreclosure voluntarily.  It is often a result of one of the following: •·         Loss of Job, laid-off, fired or just quit. •·         Unable to work due to medical condition. •·         Divorce •·         Job transfer •·         High debt, unable to make mortgage payments Foreclosure property can be distributed to the public in a number of different ways.  The first step usually takes place in the form of a Short Sale.  The seller tries to negotiate a lower payoff to try and avoid credit report problems.  When the seller is unable to negotiate a short sale, next the ban... 01/31/2009

Homes sold in Kearns saw a big drop of 37.5% in 2008.  Median and average prices have barely changed at all which seems to be the case of a few other cities in Salt Lake County as well.  Because prices have stayed relatively the same and because there are 5.82 months of inventory, the market is considered "balanced".  There are 80 houses for sale in Kearns and they are among the most affordable in the valley. These numbers are not official. 01/20/2009

Real Estate in Kearns Utah is among the healthiest in the state. It is one of the few areas where there are currently less active lisitings than the number of homes that have actually sold this year. In the first six months of 2008 90 residential listings wers sold in Kearns. There are currently 82 homes for sale in Kearns. Home prices in Kearns are very affordable. The list price of homes for sale is very reasonable and most sellers will get near their active price. For the first half of '08 the median price of homes sold in Kearns was $169,900. The current active list price is $184,900. At the Q2 sales pace, Kearns currently has 5.2 months of active MLS inventory, and because the homes are actually realistically priced, they really will sell. 07/11/2008

Kearns and West Valley City have very similar statistics. They are the 2 hottest real estate markets in Salt Lake County. Kearns home values have increased 13.2% since the end of the year. May 2007 average home values are 27.4% higher than May 2006. Monthly increases continue and are likely to continue at least through the remainder of the year. There is some indication of change in the Kearns market. Pricing usually follows volume. And as the chart shows the number of homes sold monthly is declining. May 2007 had almost 24% fewer sales than May 2006. The absorption rate still shows a sellers market at 4.1 months. But, the absorption rate increased 42% in May from a low 2.9 in April. The trend appears to be away from a sellers market and towards a balanced or neutral market. I believe i... 06/16/2007

Kearns Home sales dip 18% while home values increase a staggering 35%! This is a quick analysis of the Kearns residential Real Estate market comparing March 2006 home and condo sales activity to March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful that isolating a single month. But, it interesting to compare our statistics to what we see in national and regional activity and trends.  March 2006 March 2007Homes Sold 106 87 -17.92% Average Sold Price $154,564$209,263+35.39%Condos Sold 43-25%Average Sold Price $135,725$101,300-25.36%Average Days On Market 3829-23.68% Kearns followed the national and local trend of a decline in the number of homes sold but from there the story is different... 05/07/2007

Kearns residents are anxious to hear how we did in home appreciation compared to last year and especially compared to 2007 real estate projections.  If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%.  Kearns ranked 5th in Salt Lake County for growth in home and condo values with an annual increase of 20.29%!  Let's see how we did with 1st quarter comparisons.1st Quarter 2006 Sales Compared to 1st Quarter 2007  20062007% ChangeHomes Sold285271-4.91%Average Home Sold Price$151,595$189,808+25.21%Condos Sold76-14.29%Average Condo Sold Price$147,528$112,883-23.48%New Listings387450+16.28%Average List Price$149,869$208,415+39.06%Average Days on Market3734-8.11% The number of homes sold dropped slightly but values for the quarter increased by 25.21% whi... 04/09/2007