Monthly Archives: March 2011

Rates are still under 5% How long will it last?

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Rates March 25th, 2010Conventional 30 yr Fixed  –  4.875% no points

Conventional 15 yr Fixed  –  4.125% no points Conventional 5/1 arm- 3.625% no points

Jumbo 5/1yr arm  – 4.375% no pointsFHA 96.5%- 4.625%  – 30 year fixed  no points

VA 100%- 4.625% – 30 year fixed no pointsAll conventional loan rates are based on a middle credit score of 740 or higher and a loan amount of $150k or higher on a primary residence purchase.  Max loan to value on all conventional loans is 95% due to mortgage insurance guidelines. (debt to income ratio is limited for mortgage insurance above 90% loan to value)   All rates based on purchase money mortgages for primary residences.

Rates are subject to change based on market conditions and are intended to be used as a guide only.  For APR and up to the minute rates, please call for a rate quote.

For more information on our loan programs or to make an application, please contact: Tyler Oden    Tyler.oden@suntrust.com
www.tyleroden.com
Office:  850 425-6716
Fax:  850 425-6730
Mobile: 850 294-6626

A really special Dog House…

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Posted from: FL, USA

I was showing a home in Southwood today and noticed this niche in the master bedroom..
The opening was about two feet square.

doghouse1

A little closer look showed that the opening didn’t lead to anywhere… it just ended
doghouse2
All I can come up with is its a dog house in the bedroom.
Thats just a little strange…

Barry Bevis, Broker/Realtor
C-850-491-3600
F-877-870-9066
www.BevisRealty.com

Home Vacancy Rates in Leon County 10.63%

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News reports are saying that there are too many vacant homes in Florida. But the numbers show Tallahassee still has a pretty healthy housing market and only a slightly elevated number of vacant homes. This just reinforces Tallahassee is an insulated market…  Be happy if you live or work here!
US 2010 Census data just released shows that 17.5% of homes in Florida are empty…
Some counties have a 30%, 40% or even 50% vacancy rate.
The good news is in Leon county the statistic is 10.63% which is only 3.45% above what it was in 2000.
Statistically speaking that’s about the same… Although you could say its a 48% increase. Don’t you love statistics!
Consider that we grew housing units by about 20% over the last 10 years and we could eat that 3.45% up in less than two years.
We still have some inventory to work through but the Tallahassee housing market is not as bad as most parts of the state!
See our current Census data below from the Sun Sentinel.
To see all the Census data for Leon County:

Rates 3-18-2011

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Rates March 18th, 2011 

Conventional 30 yr Fixed  –  4.75% no points (3.99% for first time home buyer)

Conventional 15 yr Fixed  –  3.99% no points (3.5% for first time home buyer Conventional 5/1 arm- 3.25% no points

Jumbo 5/1yr arm  – 4.25% FHA 96.5%- 4.5%  – 30 year fixed  .25 of a point

VA 100%- 4.5% – 30 year fixed .125 of a point All conventional loan rates are based on a middle credit score of 740
or higher and a loan amount of $150k or higher on a primary residence
purchase.  Max loan to value on all conventional loans is 95% due to
mortgage insurance guidelines. (debt to income ratio is limited for
mortgage insurance above 90% loan to value)   All rates based on
purchase money mortgages for primary residences.

Rates are subject to change based on market conditions and are
intended to be used as a guide only.  For APR and up to the minute
rates, please call for a rate quote. For more information on our loan programs or to make an application,
please contact:

Tyler Oden Tyler.oden@suntrust.com
www.tyleroden.com
Office:  850 425-6716
Fax:  850 425-6730
Mobile: 850 294-6626

Rentals in Tallahassee

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rent

The rental housing market is messy in Tallahassee

There is no central location to find all the homes for rent in tallahassee..

I frequently get calls about rentals and sometimes I know of a property that is available.
There are a few rentals in the MLS but its far from an exhaustive list.
Typically they will show up on Realtor.com
The best advice I can give you is to check Craigs List and then call several property management companies
I would suggest:
Many Craigs list rental listings are scams. Be careful and read this:

Barry Bevis, Broker/Realtor
C-850-491-3600
F-877-870-9066
www.BevisRealty.com

Rates still under 5%

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Rates March 11th, 2011

Conventional 30 yr Fixed  –  4.75% no points

Conventional 15 yr Fixed  –  4.125% no points

Conventional 5/1 arm– 3.5% no points

Jumbo 5/1yr arm  – 4.5%

FHA 96.5%- 4.625%  – 30 year fixed

VA 100%- 4.625% – 30 year fixed

All conventional loan rates are based on a middle credit score of 740 or higher and a loan amount of $150k or higher on a primary residence purchase.  Max loan to value on all conventional loans is 95% due to mortgage insurance guidelines. (debt to income ratio is limited for mortgage insurance above 90% loan to value)   All rates based on purchase money mortgages for primary residences.

Rates are subject to change based on market conditions and are intended to be used as a guide only.  For APR and up to the minute rates, please call for a rate quote.

 

For more information on our loan programs or to make an application, please contact:

 

Tyler Oden

Tyler.oden@suntrust.com

www.tyleroden.com

Office:  850 425-6716

Fax:  850 425-6730

        Mobile: 850 294-6626