Is a Down Payment Assistance loan right for you?

October 15, 2019

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Not having enough cash to make a down payment on a home is a common concern. But it doesn’t have to be the end of the road! I recently spoke with Mark Sherman of Atlantic Trust Mortgage, who provided valuable insights on another option: a DPA (Down Payment Assistance) loan.

 

Mark said in addition to understanding the ins and outs of traditional loan products (e.g. Conventional, Jumbo, USDA, VA, FHA), mortgage brokers are also responsible for being well-versed in a variety of niche and first-time homebuyer products. This includes knowing how and when these alternative products are valuable to buyers.

 

Key among these products is the DPA loan. Though there are 3% down, 3.5% down and even 100% conventional, government and USDA financing options, some buyers still can’t cover the down payment and closing costs. However, they might have good credit and the necessary income to qualify for the monthly payment.

 

For these buyers, Mark says the DPA portion of their financing is provided as a “second” mortgage “grant” that requires no payment (or a reduced interest-only monthly payment). Then they can apply the funds from their “grant” to their down payment and closing costs. In many cases, the buyer needs no cash at closing.

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Congratulations to all of our tops producers for September and the 3rd quarter!

October 9, 2019

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Our Top Producer with the most closings for September is Suzy Evans. Suzy helped 6 families make a move this month. She is also our Top Listing agent for the quarter.

 

The Top Sales Agent for the month is Rebecca Schaffer. Rebecca helps families in her neighborhood, Palencia and also around World Golf Village and Ponte Vedra Beach. Rebecca had the most contracts written this month.

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Davidson Networking Spotlight: Mike Getka with JDog Junk Removal & Hauling

October 8, 2019

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Posted by in News

Next time you need some stuff hauled away—and you want to feel good about supporting a Veteran owned and operated business—just call JDog! Not only that, the company donates or recycles up to 80% of what they haul, so you know your items are being handled responsibly and can help someone in need.

 

This month’s spotlight is on Mike Getka with the Florida East Division of JDog Junk Removal & Hauling. The operation spans from the Florida/Georgia border all the way down to Melbourne. We caught up with Mike to learn more about him and the JDog business.

 

What do you do for JDog Junk Removal & Hauling?

As the Director of Business Development, I engage in the promotion of JDog’s Junk Removal & Hauling services and the community support that we provide for our Veterans in need.  

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Easy ways to boost your curb appeal…this weekend!

October 1, 2019

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When home sellers think about improving curb appeal, it can be easy to get overwhelmed. New exterior paint? New landscaping and sod? New driveway? Sounds exhausting and expensive.

 

But it doesn’t have to be!

 

If you’re planning to sell your home in the near future but worry about the time and expense of enhancing your curb appeal, there are plenty of easy ways to spruce it up—without breaking the bank.

 

Here are six easy curb appeal enhancements you can knock out this weekend with a trip to the home improvement store:

 

1.) Pressure wash your exterior. For some jobs, a water hose just won’t do. Be sure to spray all surfaces including the eaves and driveway; just avoid easily damaged areas like caulking around doors and windows as well as roof shingles. Don’t forget to wash the fence as well! You will be shocked at how much a good washing can make your home sparkle. Home Depot rents out electric pressure washers for just $38 per day.

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All is Well in Northeast Florida Real Estate: August Market Stats

September 24, 2019

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I attended a great event hosted by NEFBA this week featuring Robert Dietz, the National Association of Home Builders Chief Economist. He shared some very positive information about the Jacksonville MSA (metropolitan statistical area) performing better than the state and nation in many areas. For instance, the population growth for 2018 in the U.S. was 0.6%, the state of Florida was 1.5% and the Jacksonville MSA was 2.0%.

 

Robert Dietz also shared that the Builder confidence index rose to 68 in September from an upwardly revised reading of 67 in August. A reading above 50 is considered positive.

 

Another interesting slide he shared shows the number of young adults between the ages of 25 to 34 living with their parents almost doubled since 2005. Approximately 12% were living with their parents in 2005 and around 22% are living with parents now. Many young adults in this age group have student loans and auto loans which make it difficult to afford housing payments. Student loans are 142% higher since the recession and auto loans are 60% higher. Housing formations for this group are being delayed.

 

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