2010 Real Estate Advantages that will work for you!

Dream homes are on sale in New York City!

Did you know that . . . Interest rates and FHA loans can work for you

• Buyers are experiencing record low rates on mortgages; some fixed mortgage rates have recently dipped below 5.0%

• NYC properties are definitely experiencing price ‘adjustments’ (translated ‘reductions’), even at the very high end

• The federal government has extended the home buyer tax credit into 2010; the deadline is now April 30 for signed contracts, and June 30, 2010 for closings. Not only are many first time homebuyers eligible for this benefit, but also some repeat buyers are eligible*

• FHA mortgages can require as little as 3.5% down, without perfect credit*

• FHA mortgage loan limits in NYC are:
$729,750—Single family
$934,200—Two family
$1,129,250—Three family
$1,403,400—Four family

When necessary, there are re-hap loans available through FHA with purchase of homes*

There are also FHA mortgages available for specified condominiums*

*Federal guidelines apply

Please contact me and I will be happy to help you find the home of your dreams.
Just click on "About Me" and find an email link to me or email me directly at shueston@crrnyc.com

The Realty Realist