The Stampini Team

Buying a home when you’ve been told you can’t is a difficult endeavor. However, there’s a reason to be optimistic. Many home buyers are able to buy a house by structuring a complex deal that will be discussed in this article. To help home buyers own a home, as long as they have a good down payment, we can typically find someone to put them in a loan with. Why home buyers are being turned down by the banks? Prices actually had fallen by over 50%. The banks had reduced the commission they were paying and they were requiring us to do repairs.  Looking back at the end of 2012, when the market was just starting to recover, the prices were starting to come back. People were getting back on their feet and succeeding. However, we found that a good percentage of our clients could no longer qualify for a loan at the bank. And as a matter of fact, in October of 2018, all the loans in the United States that were applied for, 29% of the people have turned away still. The botto...

Are FHA Mortgages Good or Bad?            Homeowners who are thinking of selling their personal property often times are scared of an offer with FHA financing. Over the years, FHA loans have been labeled unfairly as the loans people  obtain  with bad credit, people with no money or both get when trying to buy a home. That is simply untrue. Co-Founder of Florida Platinum Group Mark  Stampini  states, “FHA loans are great for buyers and now that appraisals are similar to conventional loans, sellers would be crazy not to look at those offers”. FHA may be an option for someone with a lower credit score or little money to put down, it also may be the best deal for any buyer purchasing a primary residence. When a seller sees  an FHA  offer they should be excited as the buyer is looking to live in their home. They are not an investor making a business decision.” MYTH #1 - FHA Repair and/or Appraisal R...

Wouldn’t You Want a Veteran to Purchase Your Home for Sale? American veterans or their surviving spouses are offered a great home financing option for a VA loan. Veterans can purchase a home with no down payment which is a great option to have. However, we have noticed that home sellers are hesitant to accept offers on their homes with VA financing. Many homeowners feel buyers that are applying for a VA loan are not ‘strong enough’ since they are usually not required to have any money towards a down payment. Sellers also believe they  have  to pay for closing costs, inspector fees, or anything else that may come up during the home-buying process. Myth #1: VA Appraisal & Inspections are Nightmares FALSE. VA can’t buy a home in “POOR” condition otherwise, the appraisal is similar to the conventional loan appraisal. A VA appraisal does have to be ordered by the VA, which can take up to two weeks to complete. They look for the home to be “SAFE”, roofing must b...