Quicken Loans In Metamora Quietly Offers 1% Down Loans

so the client has 3 percent equity immediately…”

Quicken Loans has been fairly hush about its latest offering of a super low down payment mortgage, even as rival bank giants like Bank of America, Wells Fargo, and JPMorgan Chase all tout their new 3 percent down mortgage products. But late last year, Quicken Loans quietly began offering 1 percent down payment mortgages.

The program emerged from a partnership between Quicken and Freddie Mac in October 2015 and loans, metamora was structured to be part of Freddie Mac’s Home Possible Advantage program, which requires a 3 percent down payment.

However, Quicken Loans offers its customers a 1 percent down because it grants the extra money to the borrower, Bill Banfield, Quicken Loans’ vice president of capital markets, told HousingWire in an exclusive interview.

“We require 1 percent from consumer and we give the consumer a 2 percent grant, so the client has 3 percent equity immediately,” Banfield told HousingWire.

The 1 percent down-payment loans are available only for those purchasing a home and can only be used on a single-family home or condo (second home and investment properties or co-ops are not included). Borrowers also must have a FICO score of 680 or above and must earn less than the median income for their county. Their debt-to-income ratio must be 45 percent or less.

“We want to try to help people and do it in a smart way,” Banfield told HousingWire. “For us, it was really a question of if you want to provide access to credit, how do you do it responsibly? How can you help people? If first-time buyers are struggling, are there smart ways to help them while still balancing access to credit? … We wanted to have a conventional option to get people into more homes.”
References: RealtorMag, HousingWire 

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
teamsuccesslisting@gmail.com
Team Success Listing Website
Find Out Your Home’s Value Instantly

5 Steps To a Backyard Retreat In Metamora

“You can transform any outdoor space into an inviting and usable outdoor living area”.

Don’t leave a patio or backyard as a blank canvas. You can transform any outdoor space – from big or small – into an inviting and usable outdoor living area.

1. Evaluate the backyard. Do an assessment to see what the space has to offer, taking into account the topography, sun exposure, drainage, and even the pros and cons assessing the view into the neighbor’s yard, Reid says. Try to work with the existing elements, such as an old cedar fence might be

dressed up with new planter boxes or an old concrete patio may be salvaged into stepping stones for a path.

2. Create public and private spaces. “There are three basic types of spaces: the private, the semi-private, and the public,” says Reid. “I think all three should be represented in a good outdoor room design.” A public space may include the main entertaining area where people can gather comfortably. A semi-private and private space would provide more shelter from the neighbors and offer plenty of privacy. Use of outdoor structures can help define these spaces, such as an open pergola to define a group dining space. A roof overhang and privacy screen can produce a nook against the house for privacy.

3. Consider drainage and utilities. Whatever you do, make sure you don’t create a problem by having water seeping toward your house and its foundation. “Big mistakes are made when people don’t consider drainage,” says Reid. The designers also take note of the location of utilities, such as plumbing for outdoor sinks, gas for a fireplace, and electricity for lighting.

4. Design for the senses. “What are the views and the sounds and possibly even the smells that come into the space from neighboring spaces?” Reid says. “Sometimes there are smells that you really want to enjoy. And sometimes you can mitigate the bad smells with good smells.” For example, fragrant shrubs or perennials may help alleviate bad odors from, say, the neighbor’s nearby trash cans. Or, the use of a water feature may help mitigate the sound from a nearby roadway.

5. Compliment the home’s style. Take into account the home’s existing architecture when planning the outdoor spaces style. For example, don’t take on ornate colonial-style if the home is a low-slung, mid-century modern home. “I think most people think of the backyard as something separate,” says Dakers. “But I think good design requires that you consider it as an extension of the house.”
References: RealtorMag, Curbed.com 

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
donaldhorne.realtor@gmail.com
Team Success Listing’s
Find Out Your Home’s Value

5 Ways to Trim Utility Costs in Metamora This Summer

As temperatures warm up, utility bills can increase …

HomeSelfe, a company that offers energy efficiency reports of homes, offers some of the following tips to help home owners save on utility bills this summer:

1. Apply a window film. If you don’t want to install drapes or blinds to cover your windows, consider a window film. Home owners will still be able to see out their windows while also blocking some of the

heat. For installation, home owners often just need to measure the size of the window, cut the film, and then adhere it to the window.

2. Clean the air filters. Dirty air filters can cause utility bills to increase. “When filters get dirty, the heating and cooling system has to work harder and consumer more energy to do its job,” according to HomeSelfe. “With clean filters, the system can cool your home more efficiently and help you save on utility bills.”

3. Collect rainwater. Cut your water use and consider using rain barrels to start collecting rainwater. You can then use the trapped water for your garden. “Rain barrels, typically made of plastic or wood, sit at the end of your gutter downspout and collect the rainwater as it flows out,” HomeSelfe notes. “When the storm is over, you’ll have a good amount of water that you can recycle on your garden during drier times.”

4. Add mulch. Layer mulch throughout a garden to help slow evaporation. Water will stay on the ground longer and offer the plants more time to absorb it. You’ll be able to water less frequently.

5. Install a programmable thermostat. Set the temperature of your home for particular times throughout the day to help curb costs. Set your thermostat to turn off while you’re at work and cool down while you’re on your way home. Programmable thermostats can help reduce energy use by your air conditioner.
References: RealtorMag, HomeSelfe 

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
donaldhorne.realtor@gmail.com
Team Success Listing’s
Find Out Your Home’s Value

Metamora MI, Current Real Estate Market, January 2016

metamora mi

Single Family Home Sales In The 48455 area:
* new listings = 14
* sold listings = 3
* average sale price = $258,000
* days on market til sold = 73

Whether you’re ready to move or just thinking about it, you can find out what your home is worth instantly!

Are you thinking of moving? Browse hundreds of homes for sale or lease and find the one that’s right for you.

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
donaldhorne.realtor@gmail.com
Search All Properties

Metamora MI, Current Real Estate Market, November 2015

Metamora Community Homes, Metamora MI. Current Real Estate Market, November 2015

Metamora Michigan

The ticket on the map for Metamora is the Metamora Country Days. This Balloon Festival where hundreds of balloons participate and take off simultaneously, held in late August every year is quite a site to behold. Come enjoy this festival with local fair, vendors and food from neighboring and local eateries. This brings many communities together for a wonderful family affair.

Metamora and it’s surrounding township is notable for its beauty. The Metamora Hunt is a historic organization dedicated to the pursuit of foxes by horses and hounds. During the fall the hounds will often be seen being taken for walks taking up the entire dirt road. An 80 year tradition around these parts but over 100 square miles in the area is dedicated to the event known state wide.  Come as an event participant  or just a spectator as there are many events all day long during this wonderful outing.

Welcome to this months real estate update for Metamora Community Homes. All sales figures were obtained from Realcomp LTD for the areas of, Metamora Township and The Village of Metamora, for the month of November 2015.

1)  Average sale price: $258,000.00 with prices running from $98,000 to $499,000.
2)  Days on market until sold: 77 days.
3)  Number of sold homes last month: 6.
4)  Homes for sale during November: 75 which gives us a 12 month inventory of homes for sale.

First Time Home Buyers Tip #1
First Time Home Buyers Tip #2
School Reports
Down Payment Resource Center

Videos

Metamora Home Values
How To Increase Your Home’s Value
Sell Your Home Quickly
Search All Properties

Questions?

With over 90 homes sold so far this year, see how this affects your home’s value.

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
donaldhorne.realtor@gmail.com

Metamora Michigan Real Estate, October Update 2015

Welcome to this months Metamora Community Homes real estate update for October 2015. All sales figures were obtained from Realcomp LTD for the areas of, The Village of Metamora and Metamora Township, for the last 43 days.

1)  Average sale prices were at $238,950.00 with prices running from $137,000.00 to $279,000.00
2)  Number of sold homes was at 10
3)  Average days on market until sold was at 95 days
4)  Homes for sale were at 81 units

Listed below are some examples of the type of homes that were for sale and sold in October …

For sale:
1)  Circle St, listed at $129,900.00 with 2 beds and 1 bath, 840 sq.ft, 216 days on market
2)  Winding Pine Dr, listed at $329,900.00 with 3 beds and 2.1 baths, 2922 sq.ft
3)  Dryden Rd, listed at $1,499,900.00 with 3 beds and 4.1 baths, 5200 sq.ft

Sold:
1)  East Lake Dr, sold at $136,580.00 with 3 beds and 2 baths, 20 days on market
2)  Dryden Rd, sold at $145,000.00 with 3 beds and 2.1 baths, 251 days on market
3)  Creeks Edg, sold at $279,500 with 3 beds and 3.1 baths, 25 days on market

If you would like to search all properties for sale in and around Metamora, click here. Or, if you prefer to search all properties for sale in Michigan, then click here.

With over 84 homes sold so far this year, see how this affects your home’s value. Stop wondering and click here!

Have questions about selling, buying or leasing? Contact us direct at the numbers listed below, thanks!

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Search All Properties
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
Homesnap App.
donaldhorne.realtor@gmail.com
Questions? Contact Us Now!
Down Payment Resource Center

Metamora Community Homes, Real Estate Market Report, Sept. 2015

Metamora Community Homes for sale have seen steady price improvements, up from this time last year, as well as inventory levels down 2%. The average sale price for Metamora Community Homes for sale was $252,780 in the last 30 days.

The number of homes for sale that sold was 6 vs 3 in 2014. There are 71 Metamora Community Homes for sale compared to 72 homes at this time last year. Average days on market until sold is 47 days, down 18% from 2014.

The least expensive home on the market is priced at $139,500 with 3 bedrooms, 1 full bath and 1,306 square feet. Most expensive home for sale in Metamora Community Homes is $1,999,900 with 5 bedrooms, 5 full baths and 5,500 square feet of living space.

Search all the current property for sale in and around Metamora Community Homes below.

6 homes sold so far this month, see how this affects your home’s value!

If you have been thinking about selling or leasing your Metamora property or if this is the type of community you and your family have been looking for, then please contact us at the numbers below to get you started …

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz Realty
Search All Properties
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
Homesnap App.
donaldhorne.realtor@gmail.com
Questions? Email Us Now!
Down Payment Resource Center

Metamora Community Homes, Real Estate Update, July / August 2015

Metamora Community Homes for sale have seen steady price improvements, up 10% from this time last year, as well as inventory levels, down 14.9% from this time last year, remain at all time lows.

The average sales price for Metamora Community Homes for sale was $246,500 in the last 45 days compared to $224,000 in 2014.

The number of homes for sale that sold was 8 vs. 5 in 2014.

There are 84 Metamora Community Homes for sale which represents 14% of the overall available inventory of Lapeer County.

Search the current Metamora Community Homes for sale below, a nice cross section of properties available.

The most expensive of all homes for sale this month is listed at $1,499,900 and includes 3 bedrooms, 4.1 bathrooms and has 7,000 sqft. “Absolutely Stunning Home situated on an equally Stunning Private piece of property with almost 24 acres. Highest point in Metamora facing South. Beautiful 5,200 sq ft Stone Ranch sprawling over meticulously maintained and landscaped grounds. Everything updated…” (Schedule a private showing here)

The least expensive of all Metamora Community Homes for sale came in at $139,900 and would be a great home for a first time homebuyer, investor or someone looking to downsize. “The 9 foot ceilings, 1st floor master bdrm, custom kitchen cabinets, pergola floor, knotty pine walls, covered porch, large bay dining room window and built-in oven make this 1920’s home a find…”
(Schedule a private showing here)

There were some great Metamora Community Homes for sale to consider for this month’s “Must See” home tour. A home on Medford Hill Dr. is this month’s winner …

4434 MEDFORD HILL Drive, Metamora, MI

$ Click for current price
4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 3200 SQUARE FEET

Property Description

Just like new! 4 bedroom brick colonial home nestled in with beautiful pine trees. 1.09 acre lot with sprinklers, 3.5 car attached garage, large deck overlooking 7 acres of woods with deer and turkeys, paved road, all of this located in the sought after subdivision of Steeplechase in Metamora. Beautiful ceramic and carpet floors, TV room, office, open floor plan with 2 way fireplace in great room/kitchen and master bedroom/master bath. Large kitchen with cherry cabinets, granite counter tops, appliances, island and pantry. Wait till you see the master suite! Full unfinished walkout basement, zoned heat, dual hot water heaters, water softener and security alarm. Don’t build! This home is move in ready NOW!



Logo

Market Report For Metamora MI, 07/2015

This months market report for Metamora MI, 07/2015, covers the last 45 days … We have new listings that total 14 homes in the Village and Township, list prices start at $149,900 to $2,700,000. Sold homes in the same time period total 11, with an average sale price of $213,000. Sold prices range from $55,300 to $272,500. Average days on market until sold is 47 days.

You can email us for a list of all the recently sold homes so that you can see what homes in Metamora are selling for and get a good sense of the market this summer.

Fun things to do in Metamora!  August – Country Days and Hot Air Balloon Festival – September – Harvest, Horses, Hounds – December – Christmas Tree Lighting Ceremony.

Prices are on the rise, it could be the right time to sell your home. Check here to receive your automated home value in less than 15 seconds!

Search here for all properties for sale in and around Metamora.

Donald Horne, Team Success Listing
Associate Broker-Coldwell Banker Shooltz
Search All Properties
Oxford Office   248-969-8065
Lapeer Office   810-338-0628
Homesnap App.
donaldhorne.realtor@gmail.com
Questions? Email Us Now!
Down Payment Resource Center