Archives for August 2013

FHA’s Back to Work Program for the Cedar Rapids Area

The recent housing crisis really hurt many #CedarRapidshomeowners as well as those homeowners in the surrounding areas. Some even lost their homes to foreclosure, short sale, or deed –in-lieu of foreclosure. When that happens, generally it means a LONG time before even thinking about buying again and is a huge black mark on your credit. There are many reasons mortgage payments weren’t made - perhaps a company cut back or closed which made house payments very difficult to make, not to mention selling wasn’t an options since more than likely home values in the Cedar Rapids area was under … [Read more...]

Iowa Home Sales and Prices Continued to Climb in July

The housing market in Iowa is starting to heat up. Homes are selling almost as fast as they are coming on the market. It’s not too soon to start thinking about moving before the weather turns colder and snow is flying. Call me today and let’s get started!! Also, follow me on Facebook!! Originally posted by Josh Hibben | Aug 14, 2013 CLIVE, IOWA – Home sales and prices continued to increase substantially in July, according to the Iowa Association of Realtors®. IAR's July 2013 Housing Trends Report shows that sales were up 18.3 percent from a year ago, and year-to-date (YTD) sales were … [Read more...]

How to get your Hands on Money for Your Down Payment

Many years ago (like six) you didn't need much of a down payment to purchase a home in the Cedar Rapids area. However, in light of what has happened over the last six years, times, they are a changin'. The desired down payment today is 20%. If you qualify for an FHA, Rural Development, VA or other loan program, down payments range in the single digits. Iowa may have a payment assistant program: Iowa Finance Authority Cedar Rapids First - Time Buyer Program If you or your home doesn’t qualify and there’s not a mattress stuffed with cash, large piggy bank or enough in savings, where do … [Read more...]

First Time Home Buyer Program

The First Time Home Buyer Program is back – or at least another version of it.  The City of Cedar Rapids is offering another round of first time home buyer assistance.  While the additional funds have been approved for this program the timing is still unknown but is expected to be available in August or September. Program Overview: The purpose of the program is to increase home ownership by creating opportunities among lower income and underserved households.  As a result, revitalizing neighborhoods in the Cedar Rapids area.  $5000 will be provided as down payment and/or closing cost … [Read more...]

Careful when you change your address in Cedar Rapids Area

If you are like me, you do many things online; shop, bank, pay bills, book travel, sign up for utilities … pretty much anything and everything – it’s easy and quick. You receive an email confirmation and you know it’s taken care of. Well, if you’re moving in the Cedar Rapids area, how easy would it be just to change your address online? It could be, unless you get tripped up by a mail-change scam. Recently the REALTOR® Association warned about a “Change of Address” scam. Rather than paying only $1.00 to the United States Postal Service to change an address online, there are online … [Read more...]