Real Estate Blog - Jacksonville home

How You Can Qualify For a FHA Loan

Posted by Carey Frankel on September 30th, 2008

You may want to purchase Jacksonville property but you have doubts about your qualifications.  You may think you don’t earn enough money, or your credit score is too low to qualify for a loan. Possibly you have experienced a foreclosure and even a bankruptcy in the recent past.  In your mind you have about as much chance of owning a home as you do of owning a private island in the South Pacific.

But you could be mistaken.  An FHA guarantee allows more potential home owners to be approved for a mortgage with less stringent requirements.  The government wants you to own property, and it is willing to back up the banks who lend money so that the economy continues to thrive. 

Income and Employment

Since qualifying for a FHA loan is more flexible than a…

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Questions to Ask When Buying an Older Home

Posted by Carey Frankel on August 4th, 2008

Whether the Jacksonville home of your dreams is 10 or 50 years old, there are a variety of issues that you will need to deal with when purchasing a home that is not brand new.

Maintenance Costs

Have a qualified home inspector check out of the major areas of the house, including the plumbing, the heating and cooling, the windows, the roof and the major appliances.

Ask the sellers to provide a list of repairs and modifications that have previously been made to these areas of the home and the dates on which they were made. Also ask the owners to estimate the age of these things.

It is with this information that you can make a more informed decision regarding the sale price of the Jacksonville property. These major areas of the home are generally…

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