How to Buy a HUD Home With Only 100 Down Payment. Charlotte, N.C.

How to Buy a HUD Home With Only 100 Down Payment. Charlotte, N.C.

The US Department of Housing and Urban Development,HUD is an organization that offers homes for sale that are a great deal for buyers. You can find these homes in several areas of Charlotte, NC as well as surrounding cities. HUD offers some discounted programs including programs that allow buyers to put only a 100 as down payment in order to purchase properties in some designated areas. HUD will also pay up to 3% closing expenses for the buyer. The Neighbor Next Door initiatives are a collection of FHA’s home sales programs designed to help communities and promote homeownership. It is an excellent program for firefighter, emergency medical technician and teachers. HUD offers 50% discount on eligible properties.

Most loan programs today require a minimum of 3.5% down payment, but with some HUD homes, the buyer can still get an excellent deal and put only a 100 dollars down. For more information, please contact a HUD qualified agent at www.MyCasaBela.com. We will be happy to provide you with additional information about the HUD homes or any other program available for you.

Whether, you want to buy or sale a home, we can help!!

Thanks,

CasaBela Real Estate Consutlatns

Maria Ferreira - Realtor/Broker Charlotte NC & SC

Nothing Less Than What You Should Expect From a Realtor!

Maria is committed to providing a variety of real estate services to a diverse group of clients. These services include but are not limited to proficiently lead her clients during the process of buying and selling residential real estate properties in North and South Carolina but with a special focus in South Charlotte and Fort Mill. Maria has an extensive experience with first time home buyers, short sales, foreclosures, HUD homes and more. She is part of a team of professionals striving to provide clients with superior services. Although, teamwork is the trade mark of the group that shares, understands, and exceeds expectations when performing in any aspect of the real estate business, as individuals, each one of them have somehow specialized in one or more specific field in order to better address the needs of  clients. Maria is a buyer’s agent, and she works directly with the buyers guiding them through the process of getting qualified, choosing the most effective lenders and programs , understanding the implication, advantages, and responsibilities involved  in buying a home, looking for the right home at the most affordable price, submitting an acceptable offer, negotiating on behalf of the buyers, and most important, giving the buyer the peace of mind and assurance that choosing the right Realtor is the first step  in completing a successful real estate transaction

Maria Ferreira is a native of Brazil and has been living in the USA for the past 19 years. After living in Florida for most of this time, her family decided to relocate to Charlotte and she loves it. Maria has a Florida Atlantic University Bachelor’s degree in Business Health Care Management, but it is in real estate that she has found her passion. She speaks English, Spanish, and Portuguese which gives her the capability of providing real estate service to a diversified group of people.  She is very personable and takes every opportunity she has to learn from others. She believes that a great Realtor will make the difference when her clients are purchasing and selling real estate. One of Maria’s goals is to carefully guide her clients throughout the entire process and provide high quality service that will result in a positive experience for every one of the people she works with.

Maria Ferreira

Realtor/Broker NC-SC

maria@mycasabela.com

704-287-7468 Cell

704-248-6127 Fax

CasaBela Realty

http://www.MyCasaBela.com

“It is all about attitude. “Life is 10% what happens to me and 90% how I react to it… We are in charge of our attitudes” (C. Swindol)

First-time Homebuyers. Charlotte, NC

First-time Homebuyers

Your decision to buy a home in Charlotte, NC or surrounding areas is both a sound financial decision and a commendable achievement. Buying your first home is probably the biggest financial investment you will ever make. It is important to be well assisted  by a  team of professional Realtors to help you with such an important transaction.

As your real estate agents . . .

We will lead you through every step of the exciting home buying process at no cost to you!

We will help you define your “wish list” of features you want in your home, your neighborhood, and your Charlotte school district.

We will walk you through the mind-boggling financial details associated with buying a home, including understanding the various mortgages and home buying programs available to you.

We will monitor all new listings and alert you to new houses as soon as they are put on the market.

We will eliminate the stress involved in buying a home by putting our years of real estate experience to work for you.

Finding you a  perfect home is our business. Contact us today!

We will . . .

• Work at no cost to you!
• Provide detailed listing information not available to the general public.
• Negotiate the deal to save you money.
• Guide you through the avalanche of paperwork.
• Commit our time and energy to finding  the right home for you and your family!

Do not forget about the Tax Credit for first time home buyers!

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Learn how you can take advantage of the tax credit to buy the home of your dreams! Call us today!

John Paul Soto Broker/Realtor NC/SC

John Paul Soto is the seller’s connection, and his specialty is to provide the resources, expertise, and guidance to clients who are ready to sell their homes in Charlotte, N.C. and surrounding areas. From the initial contact with the seller to the closing of the deal, John Paul Soto will meet with the clients and assists them to stage the house, set the listing price based on a careful and comprehensive market study. He provides facts, local statistics about subdivisions or neighborhoods, which is crucial for the client to make a wise decision when setting the listing price. He is also the source for promotion and marketing, which involves exposing the property to the buyers and Realtors by using several online media, colorful flyers and brochures, property websites, social networking sites, and much more. By making weekly contact with the client and providing up to date information about the home selling process, viewing statistics, and inquires, John Paul assures the seller that the services he provides and his commitment are essential for the successful closing of a deal.

Photo courtesy of Lumaxart’s Photostrem

Loan Application Checklist… What you need to know before getting a loan!

Loan Application Checklist…

For many buyers, applying for the mortgage loan is one of the most stressful and confusing aspects of buying a home. The loan application process should not become a stressful time. By following a few easy steps, you’ll sail through the loan application process with no major problems. It is important to ask your Realtor for a list of his/her preferred lenders, which most likely will make the process less stressful. Establishing a good relationship with the professionals involved in the home buying process is the key to help every transaction to go smooth. it will also help the buyer to  achieve his/her desired goals.

Remember that everything is negotiable! Make sure you talk to at least 3 lenders and make them compete for your business…

So, get your notepad and take good notes. The following checklist will help you have a smooth loan application…

Get your note pad...

1. Make a list of any questions you have about the loan program.
Do not be afraid to ask questions. This is probably the most important transaction investment you will ever make. Be sure to understand the advantages and disadvantages of the various mortgage programs for which you may qualify. Some questions you may want to ask are:

• What is a Loan Origination fee?
  
• Can you lower your Origination fee?
• What is a Discount Point?
• What is a PMI? Is it a requirement?
• What does it mean to “Lock the Rate”?

These are some examples of some important questions to ask. Make sure you request a “Good Faith Estimate Sheet”, and show it to your Realtor. He/she will make sure that you are not being charged too much or that there are no unnecessary fees.

Gather your paperwork.

Loan Application Checklist

In general, the documentation you will need includes:
	Check for application fee and Appraisal
Property Information (if you already have a home in mind)
	Purchase Agreement.
	Copy of legal description and MLS sheet.
	If you are selling your current home, copy of listing contract.
	If you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets
	Pay stubs for the last 30 days.
	For the past two years:
	Names and addresses of each employer. W-2s
	Statements for each bank, mutual fund, and/or investment account for the last three months.
	Estimated value of personal property and furniture.
	If you have made any large deposits to your accounts:
	Explanation and source for deposit. If large deposit was a gift: Signed gift letter (lender can supply). Copy of gift check. Copy of deposit receipt.
	If you own more than 25% of a business:
	Corporate or partnership tax returns.
	If self-employed:
	Tax returns for the last three years (with schedules). Year-to-Date Profit and Loss Statement prepared by an accountant.
	If you own rental property:
	Tax returns for the last two years and current rental agreements.
	If you are retired:
	Pension Award Letter.
	If you receive Social Security:
	Social Security Award Letter.
	If you are counting child support as income:
	Copy of divorce settlement. Copy of twelve months of cancelled child support checks.
Debts
	Names, addresses, account numbers, balances and monthly payments on all current loans.
	Explanation of credit report anomalies, including:
	Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens. Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
VA Loans
	Copy of DD Form 214, Report of Separation.
Miscellaneous
	Photo ID and proof of Social Security number.
	Residence addresses for the past two years.
	If applicable, a copy of your divorce decree.
	If you are not a citizen, a copy of the front and back of your green card.

Hope this information is useful for you. Please call or send us an email if you have more questions and if you would like a list of our preferred lenders.

Thanks,

The Soto & Ferreira Group

(Note: I apologize for any grammatical errors in this blog. My primary language is Spanish and I am currently working on improving my grammar in English. Thanks for understanding.)

John Paul Soto

John Paul Soto choose to work in Charlotte, NC real estate because he genuinely enjoy working with people, and believe it is an industry that rewards dedication and personal initiative. He also want to give back to his community, and he is currently employed as a firefighter for the Charlotte Fire Department.

John Paul Soto was born and raised in Guatemala, and moved to Charlotte in 2002 to attend college. He is currently pursuing a Bachelor’s degree in Business Management, and will continue to make his home in Charlotte, NC after graduation.

He takes great pride in his accomplishments and hope to continue to build a successful track record helping other people achieve theirs. He is now part of “The Soto and Ferreira Group” on of Charlotte’s NC best Real Estate Groups.

Thanks,

John Paul