Jacksonville’s Jewel: Florida Living for $108K Income Families
In Jacksonville, the required income to purchase a median home was $108K in April, ↑ 8.3% yearly. The median listing price for homes is $420K, ↑ 2.4% yearly.
Read MoreFlorida Cities See Home Value Drop
Three Florida cities have declining home values among 15 in the US. Cape Coral-Fort Myers home prices ↓4.4% yearly.Panama City, Florida saw ↓3.8% yearly.
Read MoreBest Neighborhoods: Jacksonville, FL
Deerwood: Average Home Rent: ~$1.5K Median Home Sale Price: ~$335K San Marco: Average Home Rent: ~$1K Median Home Sale Price: ~$540K
Read MoreNE Florida Home Sales Plunge in Early Q2
The combined six-county First Coast region saw a 5.8% decrease in closed sales and a 26.7% decrease in pending sales.Despite the sales decline, the median home price for the First Coast increased 2.7% to ~ $400K.
Read MorePrepare Your Home before Hurricane Season
PLAN AHEAD 1. Create an emergency hurricane plan for your family and home. Compile a list of emergency contacts, including fire, police, family, neighbors, friends, tree services, utility companies, and your insurance agent. Create a communications plan for your family before, during, and after a hurricane. Choose someone outside the danger zone as the central…
Read MoreWaiting Periods for Significant Derogatory Credit Events
CONVENTIONAL *MUST RECEIVE AN AUS APPROVE/ACCEPT/ELIGIBLE, INCLUDING THOSE WITH EXTENUATING CIRCUMSTANCESPrevious Loan ModificationRefinance:• Fannie Mae/Freddie Mac: Permitted with previous modification (restructured mortgage to adjust the principal balance) provided the credit worthiness of the borrower and LTV are acceptable. Purchase:• Fannie Mae/Freddie Mac: Acceptable with both agencies, qualification based on payment history and remaining underwriting considerations.…
Read MoreHANDLING IRS PAYMENT PLANS
Tis the season of tax returns being used and folks who did not pay their taxes on time may have a surprise waiting for them. Here is how you can Handle IRS PAYMENT PLANS The good news is that you have options for those who have not started a payment plan yet. Here are the…
Read MoreHonoring Our Nation’s Heroes on Memorial Day.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
Read MoreAPPRAISAL RECONSIDERATIONS
One of the areas that the Fannie Mae and Freddie Mac have really been cracking down on is the quality of appraisals as well as fair lending in appraisals. The new FHA Mortgagee Letter 2024-7 gives options for a reconsideration of value for FHA as well as Fannie and Freddie. The key to success in…
Read MoreFlorida Strengthens HOA Rules and Homeowner Rights
Over 75M Americans live in communities with homeowner associations (HOAs), with Florida having the second-highest number. Monthly HOA fees in Florida range from $100 to $500, and new laws aim to protect members.
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