337 Chapel Street, Thomaston, CT 06787 For Sale – Eligible for 100% USDA Financing

NEW describes this home situated in a cul-de-sac on 1.3 acres bordering on private open land in Thomaston, CT. Oversized Out Building provides plenty of space for workshop, art studio or home based office. Motivated Seller.
And it’s Eligible for up to 100% USDA Financing. No Down Payment Required

The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified First Time Millennial Home Buyers
•  No Down Payment Required! Up to 100% Financing of the home’s appraised value.usda 3
•  Ability to Finance the Closing Costs into the loan when the appraised value is greater than the negotiated sales price.
•  One 30 year fixed rate mortgage at today’s low interest rates.
•  Reduced Mortgage Insurance is cheaper than PMI on Conventional and FHA loans
•  No limit on Seller Contributions. No Limit on Gift Funds
No cash contribution is required from buyer

337 chapel street, thomasron

https://www.zillow.com/homedetails/337-Chapel-St-Thomaston-CT-06787/197816400_zpid/

pre-approval-2Reach out to Rick Cignoli @ 860.945.9284 to find out if the USDA Guaranteed Rural Housing Development Loan  is the right mortgage option for you and to take advantage of his FREE Jump Start” Mortgage Pre-Approval with Rate Assurance service

Then call Bethany Lydem @ Team Stone Crest 860.596.0116   to schedule a showing and be ready to make an offer

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5 Secrets to Buying a Home

Most tips for buying a home start with figuring out how much you can afford. But what else is there? Are there other tips for buying a home that can make a big impact?
Yes! From my  experiences and those of my real estate colleagues, here are the 5 Top Little-Known Secrets for Buying a Home you’ll love. 
1. Know Your Borders
There have been situations where the previous owners of the property “blurred” the legal property lines, taking a bit more space than was theirs. Rather than discover that you need to move your fence three feet inward or possibly remodel your garage because it extended too far past the property line, get a surveyor to map out the legal property lines. cul-de-sac-1
2. Bigger Isn’t Always Better
It’s the American dream to own a big home. Indeed, we often measure our success by how big or expensive our home is, and it’s only natural to want the nicest house on the block. But consider this: if you plan to re-sell your home, the best house on the block will appreciate less than others. Home values are based not only on the individual home but also on the surrounding homes – essentially placing a cap as to how much houses go for in that area.
3. Don’t Buy Solely on Emotion
Some people make the mistake of falling in love with a home so fast that it fogs their ability to see potential problems. For example, buying a home because it has a custom-built treehouse and playset for the kids but overlooking that it will add 20 minutes to your work commute, could be a problem. Focus on logic and instinct to choose your new home, and don’t rely too much on emotion. 
4. Understand the Neighborhood Nuances
To get a real feel for what it’s like to live in a new neighborhood, you should visit during various times of day and night. For example, all may seem quiet on a Tuesday afternoon, but what you don’t know is that your future neighbor likes to work on his car Saturday afternoons with loud music. Is that okay with you? Just like dating someone before you commit, date your neighborhood before saying yes. 
5. Check With the Town Planning Committee
Is there a brand-new commercial development in the works that will be located across the street from your potential home? Decide if that is something you want to deal with over the next few years, and potentially forever.

Call Me @ 860.945.9284 with all your home purchase questions and concerns and to take advantage of my FREE Mortgage “Jump Start” Pre-Approval with Rate Assurance service. Let’s talk about the right mortgage option for your family.

Home Buyers Big Hurdle: the Down Payment

Many prospective Millennial Home Buyers face a big hurdle: the Down Payment.down payment 2 Coming up with that initial investment doesn’t have to be a roadblock even if saving is difficult. These four options could make home ownership a reality sooner rather than later:

  1. Pulling from an IRA: You, your spouse, parents or grandparents could withdraw up to $10,000 from a traditional IRA to put toward a home. Although it’s categorized as a first-time home buyer exemption, anyone who hasn’t owned a principal residence in the past two years may qualify. Note: Some differences exist when withdrawing from a Roth IRA.
  2. Receiving a gift: If you have family members willing to help you out, you can get what’s called “gift money” for your down payment. The amount of gift money you can use depends on the loan type. And you’ll likely need signed documents stating that the money is indeed a gift, not a loan or anything earning interest.
  3. Co-buying: Another option is to buy a home with a family member or friend. It’ll allow you to split the down payment and the mortgage payment. But co-buying does come with an important decision: how the title will be held.
  4. Renting to own: Leasing-to-own is another possible route to home ownership, one that typically requires a smaller down payment called option money. Additionally, a portion of your monthly rent payment can go toward your purchase of the property. Pay special attention to the written agreement. Reach out if you want to make sure your lease-to-own agreement is mortgage-ready.

There are also low down payment options like HomeReady, HomeOne, Home Possible and FHA loans, as well as USDA and VA programs

pre-approval-2Want to learn more, or know someone who’s looking to buy a home? Reach out to Rick Cignoli to discuss your mortgage options and to take advantage of my FREE JumpStart Mortgage Pre-Approval with Rate Assurance service. I’m here to help put the pieces of your puzzle together.

329 High Street Ext, Thomaston, CT 06787 –Eligible for 100% USDA Financing

Move right into this 3 Bed, 2.5 Bath 1,748 Sq. Ft. Colonial. It’s Move In Ready

And … It’s Eligible for Up to 100% USDA Financing. No Down Payment Required.

The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified Millennial Home Buyersusda 3

♦ No Down Payment Required! Up to 100% Financing of the home’s appraised value.

♦ Reduced PMI is cheaper than premiums associated with Conventional & FHA loans

♦ Ability to Finance the Closing Costs into the loan when the appraised value is greater than the negotiated sales price.

♦ One 30 year fixed rate mortgage at today’s low interest rates.

♦ Reduced Mortgage Insurance is cheaper than PMI on Conventional and FHA loans

♦ No limit on Seller Contributions. No Limit on Gift Funds

♦  No cash contribution is required from buyer329 High St Ext Thomastonhttps://www.zillow.com/homedetails/329-High-Street-Ext-Thomaston-CT-06787/72141793_zpid/

pre-approval 2Reach out to Rick Cignoli @ 860.945.9284 to find out if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you and to take advantage of his FREE “Jump Start” Mortgage Pre-Approval with Rate Assurance service.

Then call Bethany Lydem at Team Stone Crest 860.596.0116 to schedule a showing and be ready to make an offer.

The Perfect Loan for the Almost-Perfect Home

203k 2Your Dream Home is Within Reach!

Did you know that when Purchasing or even Refinancing a home, buyers can include additional monies for renovations and repairs.
The FHA 203(k) Rehab Loan allows homeowners to purchase and/or renovate their home with just one loan…monies to purchase it and monies to renovate it.

Program Benefits:
Eligible for 1 -4 Unit Owner-Occupied Properties and Mixed Used Properties too.
♦ Mortgage Based on after-improved value
♦ One closing and then the repairs begin
♦ Perfect solution to problems with older homes
♦ Enables borrowers to buy short-sales and foreclosed property when they don’t have the cash to do the needed repairs

Eligible Repairs:
♦ Modernize Plumbing, Heating , Ac And Electrical Systemshome repair 2
♦ Roofing, Gutters and Downspouts
♦ Weatherization (Storm Windows, Doors and Insulation
♦ Interior or Exterior Painting and  Remodeling
♦ Update Appliances, Kitchens and Bathrooms
♦ Flooring, Tiling and Carpeting
♦ Handicap Accessibility
♦ Basement Remodeling and Water Proofing

Many of the homes on the market today are functionally obsolete because they are older and don’t have the amenities today’s buyers are looking for in a home.
The answer is this: You can get a mortgage to buy a house and fix it up at the same time using the same loan. Smart Home Buyers are buying properties in need of attention and turning them into their dream home with the help of the FHA 203(k) Rehab loan.

Reach out to Me @ 860.945.9284 to discuss the right mortgage option for your family and to take advantage of my FREE Mortgage “Jump Start” Pre-Approval service.

 

 

 

 

4 Creative Ways to Come Up With a Down Payment

down paymentMany prospective Home Buyers face a big hurdle: the Down Payment. But coming up with that initial investment doesn’t have to be a roadblock even if saving is difficult. These four options could make home ownership a reality sooner rather than later:

  1. Pulling from an IRA: You, your spouse, parents or grandparents could withdraw up to $10,000 from a traditional IRA to put toward a home. Although it’s categorized as a first-time homebuyer exemption, anyone who hasn’t owned a principal residence in the past two years may qualify. Note: Some differences exist when withdrawing from a Roth IRA.
  2. Receiving a gift: If you have family members willing to help you out, you can get what’s called “gift money” for your down payment. The amount of gift money you can use depends on the loan type. And you’ll likely need signed documents stating that the money is indeed a gift, not a loan or anything earning interest.
  3. Co-Buying: Another option is to buy a home with a family member or friend. It’ll allow you to split the down payment and the mortgage payment. But co-buying does come with an important decision: how will the title to the property be held? Who owes the debt and who owns the property.
    Anyone on signing the mortgage obligation must have ownership interest in the home. However, any one ow thens property does not necessarily be obligated on the debt
  4. Renting to own: Leasing-to-own is another possible route to home ownership, one that typically requires a smaller down payment called option money. Additionally, a portion of your monthly rent payment can go toward your purchase of the property. Pay special attention to the written agreement. Reach out if you want to make sure your lease-to-own agreement is mortgage-ready.

There are also low down payment options like HomeReady, HomeOne, Home Possible and FHA loans. For those buying in certain select areas, the USDA Guaranteed Rural Housing Development loan is an excellent option.as well as down payment assistance programs and grants.

Want to learn more, or know someone who’s looking to buy a home? Reach out to Me to discuss your mortgage options and to take advantage of my FREE JumpStart Mortgage Pre-Approval service

Get in touch today.

129 Clay Street, Thomaston, CT For Sale – Eligible for 100% USDA Financing

Attention Millennial Home Buyers!

Mrs. Clean and Mr. Handyman live here so you can move right in to this updated 3BR, 2b Ranch

And … It’s Eligible for Up to 100% USDA Financing. No Down Payment Required.

The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified Millennial Home Buyers.usda 3

• No Down Payment Required! Up to 100% Financing of the home’s appraised value.

• Ability to Finance the Closing Costs into the loan when the appraised value is greater than the negotiated sales price.

• One 30 year fixed rate mortgage at today’s low interest rates.

• Reduced Mortgage Insurance. Beats FHA any day.

22 Judsonhttps://www.realtor.com/realestateandhomes-detail/129-Clay-St_Thomaston_CT_06787_M37309-83819#photo0

pre-approval-2Reach out to Rick Cignoli @ 860.945.9284 to find out if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you and to take advantage of his FREE “Jump Start” Mortgage Pre-Approval with Rate Assurance service.

Then call Sue Holway @ Keller Williams 860.601.8217 to schedule a showing and be ready to make an offer.