Monthly Archives: February 2010

FREE Homebuyers seminar

REscheduled for March 11, 2010– seating is limited- call 440.452.3894 or 440.320.8980 to reserve your seat! This is for first time buyers & repeat buyers! Get all your financing, tax credit & homebuying process questions answered. Closing cost discounts for … Continue reading

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2010 Welcome Home Loan Program/Grants

Effective March 1, 2010 First Place Bank will have Welcome Home Funds available in the form of $5000 grants to buyers that utilize fha/va, or OHFA financing to be used towards downpayment and/or closing costs.  Buyer must have accepted purchase … Continue reading

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PMI Changes

I had an interesting session with a Private Mortgage Insurance company last week-with a strong buyer (720+ cr score) & 10% down, debt to income 45% or below, & some cash reserves- we’re back to possibly making conventional loans with … Continue reading

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FHA financing Facts

FHA is one of the most popular financing options today for all buyers of primary residences,  not only first time buyers! Some facts about FHA financing- FHA has maximum loan limits by county. For Ohio they are: Cuyahoga, Geauga, Lorain, Medina … Continue reading

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Homebuyers seminar

desc via Homebuyers seminar. Free Homebuyers seminar Feb 25, 2010 5201 Waterford Dr, Sheffield, OH 44035 for first time buyers & those looking to purchase a new home- learn about the tax credit & changes in financing options! We’ll have … Continue reading

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HUD discontinues Buyer & Broker incentives

Effective Feb 12, 2010, any properties listed and/or sold with FHA financing as of this date are no longer eligible for the $100 downpayment buyer incentive. The sales allowance of $2500 for owner occupant purchasers will also b discontinued as … Continue reading

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Top 10 reasons to choose First Place Bank for your mortgage!

1. mortgage banking that’s built on local, personalized service! 2. local management with decisions made at branch level, so you get a quicker response from people who live & work in your community and know it’s challenges. 3. one stop … Continue reading

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