Vantage Credit Union Mortgage Review
July 9, 2011 by Matthew Bond · Leave a Comment
Vantage Credit Union has several locations in Missouri with a mortgage office in Bridgeton. Their mortgage services are provided by Members Resource Credit Union Service Organization (CUSO).
According to National Credit Union Administration data, Vantage Credit Union originated $31.4 million in mortgage loans in 2009.
They are exempt from licensing just like banks are.
Vantage Credit Union Contact Information
Vantage Credit Union Website Review
Reviewed by The Mortgage Insider on July 12, 2011.
The Vantage Credit Union website is pretty slow. You have to wait a while to get from page to page.
Visualizing What an FHA 203k Rehab Loan Can Do for a Home in Texas
July 8, 2011 by Jack Collie · 1 Comment
Let’s take a look at this transformation…
- Client purchased a Single Family Residence in Dallas, TX for $226,000.00
- Performed $56,643.50 worth of rehab to the home
- After improved appraised value is $305,000.00
- Loan closed “as is” with several required repairs such as electrical system not up to code, damaged plumbing, septic system not functioning and no appliances in the kitchen
- With the escrowed funds the client was able to repair/replace all of the required items, install brand new appliances in the kitchen, upgrade all of the fixtures around the house, paint the interior and exterior, and open up the family room by removing one of the walls
As you can see by the “before” photos, this may be a house that a potential buyer would walk away from but with the help of this loan in as little as 90 days the house is practically brand new again.
Listing agents, keep in mind that your seller doesn’t need to repair anything upfront if the home is marketed as 203k eligible!!
Let’s get the word out there about how great this loan is for all parties involved – buyer, seller, Realtors, etc. No need to walk away from the foreclosure or the “fixer-upper” when the FHA 203k loan is involved.
HUD Crackdown Hits Elderly Care Facility
July 6, 2011 by Matthew Bond · Leave a Comment
July 7 - ORI Anuenue Hale Inc., an elderly care facility next to Helemano Plantation, has agreed to boost the number of clients it serves to justify the public money spent to build it and comply with other regulations to avoid having to repay nearly $8 million to the government.If you dont play by the rules, then you have to pay the money back or pay the consequences, said Gene Gibson, regional public affairs officer for the U.S.
Partnership Puts Revamped Houses on the Market
July 6, 2011 by Matthew Bond · Leave a Comment
July 4HIGH POINT Several foreclosed homes in High Point have received makeovers and are on the market through a partnership between the city and a local nonprofit.Over the past year, the city allocated about $800,000 in Neighborhood Stabilization Funds from the U.S. Department of Housing and Urban Development to buy, repair and resell the nine properties.
The houses are scattered throughout the city at sites on Montlieu Avenue, James Road, Cliffvale Drive, Windley Street and Hampstead Drive, with listed sales prices ranging from $60,000 to $117,500.
The goal is to take houses that otherwise would remain vacant and sell them to low- to moderate-income families who earn less than 50 percent of the area median income.
We have our fingers crossed.
SFO warns property investors of inflated valuations
July 6, 2011 by Darcy Beg · Leave a Comment
Property News
SFO warns property investors of inflated valuations
Landlords and tenants set to lose with capital gains
Investors and first time buyers in ‘quiet battle’ for property
Available Auckland property near to four-year low
Lack of funding brings the CHRANZ house down
King sees potential pitfalls in state housing shake-up
Willems questions 2007 valuations
Property investors have been warned to be wary of inflated property valuations when considering whether to invest in either properties or companies which had significant property development portfolios. <