Pennsylvania Real Estate Update

What's going on in the real estate market? Find out from 20 year veteran John Rainville, Realtor, RECS, CSP and LTRS certified Broker. Residential and commercial topics for everyone from first time buyers to seasoned institutional investors.
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  • It will take more CASH after September to get in a home if using...

    FHA financing  changes go into effect the last day of September!  The downpayment requirement will go from 3% to 3.5%. AND the charity programs such as Nehemiah that let buyers get in with "100%" financing will be done also. SO if you are looking to buy, do it now and make SURE you will be able to settle BEFORE the end of ...
    Posted to John Rainville (Weblog) by 324456 on August 5, 2008
  • The Rebates are Coming!

    Well, I heard on the news that 8 million people will get their rebates on Monday, Tuesday, Wednesday, None on Thursday and the rest on Friday! Please think about how you will spend yours carefully. You may be able to buy a house with that money!  We have a lender that has a special program for several counties in Pennsylvania where you only ...
    Posted to John Rainville (Weblog) by 324456 on April 27, 2008
  • How tough is it to buy a home in the current market?

    Good question, prospective home buyer! And the answer depends on so many things, but really focuses on:Credit ScoreDown PaymentCredit Scores, your "mid" score needs to be 620 or better. What is a "mid" score? Well there are three main Credit Information Repositories--Trans Union, Equifax, and Experian. So that means that 2 out ...
    Posted to John Rainville (Weblog) by 324456 on March 9, 2008