Sentences with phrase «purchased as a primary residence»

Generally speaking, single - family homes that are purchased as a primary residence pose the lowest risk of default.

Generally speaking, single - family homes that are purchased as a primary residence pose the lowest risk of default.

The occupancy requirement states that the borrower must occupy the property being purchased as their primary residence.

Not exact matches

Buying a rental property as a primary residence can help you build your real estate portfolio faster and more efficiently than purchasing properties one - by - one.

If you have not owned a home (as your primary residence) in the three years prior to your home purchase, then you meet the IRS definition of «first - time» buyer.

This program allows you to get a mortgage for the amount of the purchase price plus the funds needed to make repairs and improvements to a house you plan to live in as your primary residence.

Assistance up to $ 10,0002 is available for the purchase or purchase transaction with the rehabilitation of a home to be occupied as a primary residence.

For each property you own and list on your personal taxes, enter the type — primary residence, investment property, undeveloped land, etc. — address, date of purchase, original cost and the present market value — on the as - of date.

If you have not owned a home (as your primary residence) in the three years prior to your home purchase, then you meet the IRS definition of «first - time» buyer.

Whether you are interested in purchasing a primary residence or hope to make money as a landlord, it's important to understand the pros and cons of investing in real estate.

Jumbos loans are the most common portfolio loan; however, 1 - 4 unit properties that are being purchased for investment purposes rather than as primary, owner - occupied residences are often portfolio loans too.

«This cohort, having reached a place of stability, and often owners of primary residences in the country's city centres, is making recreational property purchases for family enjoyment in the near - term and as a key strategy for retirement.»

Under our unique Hobby Farm Home Loan Program, homebuyers are eligible for up to $ 1.5 million to finance a purchase of a «Hobby Farm», which is defined as a primary residence, but can be rental capable of some sustained agricultural production.

You can't use a VA loan to purchase a vacation home or an investment property you won't live in as your primary residence.

Mortgage rates assume a first line mortgage on purchased or refinanced owner - occupied residences only, as well as new construction mortgages for owner occupied primary residence.

While there are many great mortgage products available for primary residences, which allow people to buy a home for as little as three percent down, purchasing a real estate investment property can be more difficult.

We offer condo refinance and purchase financing assistance for eligible properties being used as primary residences, second homes, or investment properties.

North Coast Financial provides many different types of Oakland hard money loans including investment property loans, distressed property loans, bridge loans, purchase loans, fix and flip loans, estate and trust loans, construction loans, cash out refinance loans, reverse mortgage refinance loans, hard money loans for primary residences and other Oakland hard money loans using real estate as collateral.

The previous VA loan must have been paid in full and the second home purchased must be used as a primary residence.

When applying for a mortgage, it's important to note that the FHA will insure your home loan only if you plan on purchasing or refinancing a property that serves as your primary residence.

The VA - guaranteed loan can be used to purchase a home to be used as a primary residence or refinance an already existing loan.

I purchased a home as a primary residence 11 years ago for $ 210,000.

A full 90 % of people buying a home as a primary residence choose to finance their purchase, meaning that they get a mortgage.

Qualified VA borrowers can purchase up to a four - unit property provided they live in one of those four as their primary residence.

Regarding the purpose of the loan, VA loans are for the purchase or repair of a home which will serve as the borrower's primary residence.

GSFA Platinum is designed to be flexible and is available for the purchase of both new and existing homes, as long as the home will be the primary residence of the homebuyer.

But it has no problem with people who purchase multi-unit property as primary residences.

Consumers wishing to purchase a mobile home as their primary and only residence can still enjoy down payments as low as 5 %.

I want to purchase another home in another state as my primary residence.

We are closing on a house on Monday, we are using our primary residence as collateral and are doing a bridge loan to purchase a new home.

Morneau initiated regulatory changes that make it more difficult to get home loans, but he so far has stayed away from sacred housing sops, such as the capital - gains exemption on primary residences and the ability of first - time buyers to use their tax - protected savings to purchase homes.

* Condo 2009 fair market value of $ 225,000 — 2002 purchase price of $ 200,000 = $ 25,000 → you owe tax on this capital gain * $ 25,000 divided by 2 = $ 12,500 → the capital gain you will be taxed on * $ 12,500 x marginal tax rate (we assume 30 %) = $ 3,750 * Then you'd need to add in the tax owed on your house: The house fair market value in 2015 of $ 620,000 — appraisal value in 2010 of $ 550,000 = $ 70,000 → you owe tax on this capital gain (as your condo, not your house was your primary residence) * $ 70,000 divided by 2 = $ 35,000 x marginal tax rate of 30 % = $ 10,500 * The 2001 to 2009 appreciation of $ 300,000 would be sheltered as the house was your primary residence during those years.

VA loans can only be used to purchase a property which the borrower intends to occupy as his or her primary residence.

Applicants are requird to occupy the purchased property as their primary residence and must utilize an approved lender.

If you purchase property as your primary residence and you are required to pay monthly, quarterly or yearly HOA fees, you can not deduct the HOA fees from your taxes.

Consumers wishing to purchase a manufactured home as their primary and only residence can still enjoy down payments as low as 5 %.

Another thing to consider is that when you sell, as long as you use any capital gains to purchase another primary residence, those gains are not taxed.

In the event that you purchase a secondary or vacation home, you'll want to make sure that you have the same scope of insurance coverage as your primary residence.

(Sec. 203) Authorizes states to provide to the owner of a manufactured home constructed prior to 1976 a rebate to use toward the purchase of a new Energy Star qualified manufactured home that is used on a year - round basis as a primary residence.

Anyone that has a primary residence or secondary home should purchase insurance, as should homeowners that have homes that are older or lower in value, as well as ones with cosmetic issues.

Hello BP community, I am in process to purchase a short - sale property to be used as my primary residence and am looking into financing options.

First time home owner; to buy first flip property as my FIRST and PRIMARY residence, or buy a home to stay in personally, and wait 2 - 4 years to build more cash for purchase of secondary / tertiary properties on the side to be flipped?

I'm using an FHA loan to purchase a small multifamily as a primary residence.

One - third of vacation buyers plan to use their property for vacations or as a family retreat, 19 percent plan to convert their vacation home into their primary residence in the future, and 13 percent bought for potential price appreciation; the same share purchased because of low real estate prices and because the buyer found a good deal.

More than half (57 percent) of all international buyers bought the property as a primary residence, while almost one - third (31 percent) of them purchased the property as an investment.

The down payment can be as low as 3 % of the purchase price and this is for borrowers who will occupy the property as their primary residence.

You can't have owned a home within the last three years and the home you intend to purchase must be for use as your primary residence.

The home must serve as a primary residence and homeowners can not exceed income and purchase price limits.

Hope that clarifies, I've had borrowers use 401k loans from a variety of administrators such as fidelity, vanguard, nationwide, ING, prudential, and etc and I've seen them bein used for purchase or refinance on primary residences.

According the 2012 NAR Home Buyers and Sellers Profile, 40 percent of repeat buyers use the proceeds from the sale of their primary residence as a source of down payment, but downsizing boomers may have enough equity left from their home sale to pay all cash for their next purchase.