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The VA and USDA Loan
The USDA and VA Home loans are each government lending programs that offer flexible loan terms and eligibility requirements. Each program’s benefits are relatively similar but the programs are uniquely different because of the type of borrowers they serve.
This post comes to you from James Kelley of VA Benefit Blog. A law school student at the University of Missouri, James Kelley works to educate the public on government financing options for home purchases. James has a great understanding of the VA home loan and the USDA loan
The VA Home Loan
The VA home loan is specifically designed to help veterans and active duty service members achieve homeownership and has helped do so since over 18 million 1944. Because of its specially designed program that is partially backed by the Department of Veteran Affairs, the VA home loan program is able to loan current and former service members up to 100% while offering flexible and competitive loan terms even if they have a less than perfect credit history. Other benefits of the VA loan program include:
- No down payment required
- Mortgage insurance not required
- flexible debt-to-income ratios
- competitive interest rates
Read the rest of this entry »
Your Own Private Peninsula on Gull! $3,900,000
HUGE Price Reduction on this Amazing Brainerd Lakes Area Home!
Your Own Private Peninsula on Gull! $3,900,000 $2,995,000
This is truly one of the best opportunities for top quality real estate in the Brainerd area.
See the official listing.
The Monthly Skinny – July 2010
Minnesota Real Estate Activity from July 2010
Important points:
Local housing market buyer decreased activity.
Tax credit influencing activity.
Active listings up.
Prices climbed up and Median prices up!!
Percentage of listing price received at sale up versus last year and 2008.
Interest rates extremely low.
What Determines Property Values?
Property Values and their Determining Factors
Every suburb and every property within that suburb has a unique set of conditions that create the value—or potential selling price—of the property. Regardless of actual prices, properties always hold a value in relation to other properties. I call this the ‘totem pole’ value of a property, and whether prices are booming or busting, properties always stay true to their totem pole value.
A house that is worth 10 per cent more than the house down the road will always be 10 per cent more valuable, whether the house is worth $2 million or $200 000.You will need to work out the value of your property on the local totem pole, as it can give a more accurate reflection of how much you are really investing in a renovation.
Home Prices Increase in Twin Cities
According to data released by Standard & Poor’s Case-Shiller Home Price index, from April 2009 to April 2010 home prices in Minneapolis and Saint Paul increased 9.5%.
These constant home price indices cover 20 United States regions. The S&P/Case-Shiller U.S. National Home Price Index is a composite of single-family home price indices for the nine U.S. Census divisions. It is updated quarterly.
The national index attained its all-time high of 189.93 in 2006 Q2. Minneapolis-Saint Paul was 118.89.
Welcome to our Blog!
Minnesota Real Estate News, Advice, and Guidance. Here we offer featured properties, YouTube videos, real estate market analysis and monthly indicators. We hope this is helpful to anyone wanting to learn more about Real Estate in the Brainerd Lakes Area.Categories
- Advice (14)
- Baxter, MN Real Estate Market (4)
- Brainerd Lakes Area (21)
- Brainerd, MN Real Estate Market (8)
- Featured Property (11)
- Minnesota Tax Law (3)
- Real Estate News (67)
- Uncategorized (2)
- Video (16)
- What's Happening (22)
Real Estate Research- Pending Home Sales Rise
- Sept. 1, 2010: Recovery or Respite?
- Forecast Update: Mortgage Applications, GDP, Foreclosure Starts, Jobless Claims, Consumer Sentiment
- Tax Credits Have Strong Impact in Indianapolis
- Commercial Real Estate Remains Soft, Favors Expansion
- A Steady Foundation in Knoxville
- July Existing-Home Sales Fall, Prices Rise
- Forecast Update: Mortgage Applications, Producer Price Index, Housing Starts, Unemployment
- Did You Know: REALTOR® Formal Education Levels
- Forecast Update: Mortgage Applications, Unemployment, Wholesale Trade, Labor, Consumer Sentiment
Favorite Tags
Brainerd Minnesota Statistics Change Lake Home Lake Homes Greater Lakes North Shore Real Estate Local Real Estate Price What's Happening Tax Credit Crow Wing November Brainerd Real Estate News Listings Wilson Bay Advice GLAR minnesota real estate HAI Estate Trends Activity Cuyuna real estate market Nisswa Minnesota Video Government Winter Gull Lake Featured Property median price Real Estate Resources Real Estate Trends News and Media Brainerd Lakes Area median sales price Monthly Indicators Minnesota Lake View Home Monthly Indicators- New Brainerd Lakes Area Listings
- $359,000 (New) RESIDENTIAL PINE RIVER September 2, 2010
- $214,500 (New) RESIDENTIAL PARK RAPIDS September 2, 2010
- $339,000 (New) RESIDENTIAL NEVIS September 2, 2010
- $109,900 (New) RESIDENTIAL RANDALL September 2, 2010
- $27,900 (New) RESIDENTIAL GARRISON September 2, 2010
- $369,900 (New) RESIDENTIAL NISSWA September 2, 2010
- $1,000 (New) RESIDENTIAL HOLDINGFORD September 2, 2010
- $249,000 (New) RESIDENTIAL PINE RIVER September 2, 2010
- $42,900 (New) RESIDENTIAL BRAINERD September 2, 2010
- $155,000 (New) RESIDENTIAL PINE RIVER September 2, 2010
- $289,900 (New) RESIDENTIAL PARK RAPIDS September 2, 2010
- $99,900 (New) RESIDENTIAL PEQUOT LAKES September 2, 2010
- $219,900 (New) RESIDENTIAL PEQUOT LAKES September 2, 2010
- $129,900 (New) RESIDENTIAL STAPLES September 2, 2010
- $149,500 (New) RESIDENTIAL AITKIN September 2, 2010
- $234,900 (New) RESIDENTIAL AITKIN September 2, 2010
- $55,000 (New) LAND PONSFORD September 2, 2010
- $1,000 (New) LAND HOLDINGFORD September 2, 2010
- $329,900 (New) LAND NISSWA September 2, 2010
- $329,900 (New) LAND NISSWA September 2, 2010
- BrainerdListings.com
- Pricing Your Home; Doing it the Right Way. brad
- Minnesota Real Estate Market Overview Video – June 2010. Andy Hayes
- Flood Insurance Extension Overview Holly Connaker
- Tax Credit Closing Date Has Been Extended Holly Connaker
- Good news for Minneapolis-St.Paul home values Holly Connaker
- A Great Night to Take in a Ball Game! Andy Hayes
- Featured Brainerd Real Estate: Gull Lake, Wilson Bay Home jefftorfin
- What are “Hidden Defects”? Holly Connaker
- Who Couldn’t Use a Little Motivation? Andy Hayes
- Home Buyer Tax Credit Extended for Military Personnel Holly Connaker
