Monthly Archives: February 2011

Welcome Home Funds

Welcome home fund grants will be available beginning with applications on March 1, 2011. These grants are $5000 to be used towards downpayment & closing costs of a buyers single family primary residence. Buyers must have homebuyer counseling, meet program … Continue reading

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Did you know?

First Place Bank can do conventional loans in: Delaware, Florida, Arizona, Illlinois, Indiana, Kentucky, Maryland, Michigan, Ohio, New Jersey, N Carolina, S Carolina, Pennsylvania, Virginia, Washington DC, and West Virginia. First Place Bank can do FHA loans in: Delaware, Indiana, … Continue reading

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FHA Mortgage insurance going up—- Again…

With all FHA mortgage applications on April 18, 2011- monthly FHA mortgage insurance premiums are being raised .25. On a $163000 sale price with 3.5% downpayment- that equates to an additional $33/month- which may make some homebuyers not eligible any … Continue reading

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