FHA Loan

Delaware First Time Home Buyer Seminar – September 24, 2011

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Real Estate Agents And Realtors – Mediators Between Seller And Buyer

A real estate broker or agent is the person who acts as a mediator between one who wishes to sell and one who wishes to purchase real estate or real property. They also find the prospective seller and buyer for real estate.In the United Kingdom, the term estate agent is used to illustrate a person or organization who is mainly involved in marketing on behalf of their clients. But brokers and estate agents are not the same and have significant differences.

In the United States, real estate agents or brokers assist clients in the marketing and selling of their property for the highest possible price. Possessing a real estate agent or broker license is necessary for selling real estate in the United States.Realtors are the members of the National Association of Realtors, North America’s largest trade association who looks after almost every aspect of the residential and commercial real estate industries.

Very often people use the term realtor and real estate agent interchangeably but there are significant differences between a realtor and real estate agents. Being a member of the National Association of Realtors, realtors are supposed to follow very strict guidelines. Realtors are morally and ethically different from real estate agents.

Realtors follow rules such as they take an oath to do their job honestly and treat the parties impartially. They are not suppose to make any exaggerated statement and should depict the situation or condition of property as it is. They should always be ready to cooperate with other brokers when it comes to the interest of their clients. If they are personally involved in selling or buying the property, they should disclose it. They should not collect any interest without the knowledge of seller. They should also help in writing an offer which is easy to comprehend by both parties. There are many other rules and regulation realtors are expected to follow while performing their duties well.

Do you have to be a first time home buyer to get an FHA loan?

Or are you able to utilize FHA to purchase a new home even if you have owned one in the past 3 years?

Questions about FHA 203k Streamline loan and first time home buyer credit?

Hi,

I sold my house in August of 2006. I am now renting from a family member. I would like to apply for the 203k loan.

Am I eligible for the first time home buyer credit? Do they give those on FHA loans? Do I meet the time requirements?

Also, can we complete the work ourselves, or do we HAVE to hire a licensed contractor? I have read MANY conflicting ideas on this.

Thanks!
Daisy

first time home buyer, should we do personal or fha loan?

My fiance and I are looking to purchase a home that was offered to us at 99,900 with the owner willing to finance. We do not have alot of money saved up, but we have good credit. We are wondering if it would be better to do a 10,000 personal loan from the bank to put as our down payment or would it be better to apply for the FHA loan for the entire amount of the home.

FDoes FHA loan allow seller to pay toward the buyer closing cost and 3% down?

Does FHA loan allow seller to pay toward the buyer closing cost and 3% down?

What are the guidelines for a FHA loan? Income requirements? Be a first time buyer? Loan amount Limit?

I have been approved for a home mortgage but we need to have 10% down due to the declining market area. What are the guidelines for a FHA loan? Do I need to meet income requirements? Is there a amount limit to what the FHA loan can be made? I want a fixed-30-year loan.

Can a house that has just been bought be resold to a buyer that wants to get an FHA loan?

I just bought a house and I want to sell it. A realtor is telling me a FHA loan can not be obtained on this house for the next buyer in the first 90 days after my purchase date…. Is this true??? I live in Orange County / CA
The house was a forecloser.
It was bought for the intent of renting it out, but later decided to sell it due to needing money.

As a real estate broker Can i get FHA Loan 100 % financing, which is for first time home buyer ?

As a real estate broker Can i get FHA Loan 100 % financing, which is for first time home buyer ?

which program is better for first time buyer my community program or a FHA home loan?

I meet with two different loan officers, one told my community program is the better of the two the other loan officers told me a FHA loan would be the best since we can put the 3% down.
what is the difference between the two?