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Existing Home Sales Resume Gains, Realtors Say More to Come

BY: JANN SWANSON Nov 21 2019, 11:01AM Existing-home sales got back on track in October, partially recovering from a 2.2 percent slip in September that ended a two-month winning streak.  The National Association of Realtors® (NAR) said previously owned single-family houses, townhouses, condos, and cooperative apartments sold at a seasonally adjusted annual rate of 5.46 million during the month, a 1.9 percent increase from September.  This put sales 3.6 percent higher than the 5.22 million rate of sales in October 2018. Sales of single-family homes were at a rate of 4.87 million in October compared to 4.77 million the previous month, a gain of 2.1 percent. Sales were 5.4 percent higher than a

Existing Home Sales Resume Gains, Realtors Say More to Come

Existing-home sales got back on track in October, partially recovering from a 2.2 percent slip in September that ended a two-month winning streak. The National Association of Realtors® (NAR) said previously owned single-family houses, townhouses, condos, and cooperative apartments sold at a seasonally adjusted annual rate of 5.46 million during the month, a 1.9 percent increase from September. This put sales 3.6 percent higher than the 5.22 million rate of sales in October 2018. Sales of single-family homes were at a rate of 4.87 million in October compared to 4.77 million the previous month, a gain of 2.1 percent. Sales were 5.4 percent higher than a year earlier. Condo and co-op sales

Home renovation loan programs

Here are a few programs that allow you to buy more home for your money. HomeStyle Renovation can make the difference between a house and a dream home, or a house that’s desperately in need of repairs and a home that’s habitable.. There are also FHA 203(k) loans, designed for buyers who want to tackle a fixer-upper. This special FHA-backed loan considers what the value of the property will be after improvements and allows you to borrow the funds to complete the project as part of your main mortgage.

What's Hot for Purchase Money Loan?

Government loans are the majority of loans for purchases in today's market and at Reliance Lending we have your: USDA Rural Development. Up to 101.75% financing available using the appraised value. Yes, 101.75% appraised value! Low monthly Mortgage Insurance, no reserves, and no pre-payment penalties. 6% Seller concessions! The majority of homes in the Flathead Valley are eligible for this program. 100% of closing costs may be financed up to the appraised value! First time home buyers allowed, with no hits or limitations. Minimum score 580, many other lenders have raised their min FICO to 640. Call us today for answers to your questions! 406-755-6267 406-75 Loans

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Reliance Lending Northwest

30 5th Street East, Ste. 102   Kalispell, MT 59901

jeff@reliancelendingnw.com  |   406-755-6267

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