Interest on a 30-year fixed loan reached a new low of 4.49%, compared to 4.54 % last week.  One year ago rates were hovering around 5.22%.  

If you’re looking for a 15-year fixed loan, the current interest rate is 3.95%, down from 4% last week and 4.63% one year ago. 

If you’re interested in buying a property, please contact me today so you can get pre-approved and under contract while the rates are historically low.

Military who served overseas between January 2009 and May 2010 are still eligible for the tax credit.  Service members have until April 30, 2011 to sign an Agreement of Sale and must close by June 30, 2011.  Both the $8,000 first time hombuyer and $6,500 repeat buyer tax credits apply.  

Please contact me for more information at Michelle@HarrisburgHouses.net.

Exceptional at $189,900!

Adorable Colonial Cape Cod in Northern School District with over 1,650 square feet of living space, and two detached garages.  If you’re looking for “room” in a quiet country setting, this is the property for you!   Highlights include:

- Spacious eat-in Kitchen with beautiful millwork and generous countertop space.

- Formal Living Room with stone wood fireplace.

- Formal Dining Room centrally located from Kitchen, Living Room and First Floor Master.

- 3 Bedrooms (First Floor Master)

- First Floor Master would also make a great home office or den.

- 1.5 Baths

- Full basement with laundry

- One single bay garage with additional storage

- One 2-car garage with additional storage

- 2 Bedroom mobile home resides in back of lot (rental opportunity?)

- New roof over main house in 2009

The possibilities are endless with this property.  Schedule a showing today or give me a call for more information.

If you’re looking for privacy and acreage but want to be close to shopping and restaurants, this is the property for you!  Come see this private oasis with a stream, mature landscaping and trees, horseshoe pits and a new (2007) 27′ round above ground pool with deck surround. 

There’s plenty of room to spread out in the 2,100+ home with 3 Bedrooms, 3 full Baths, formal Living Room and Dining Room, spacious lower level Family Room with fireplace (propane).  The generous Country Kitchen can accommodate large gatherings and offers all modern amenities for the family chef.   Between the Garage and Family Room, you’ll find a space that offers endless possibilities, such as:  home office, playroom, hobby room, etc. 

Storage is abundant throughout the home and in the oversized 2-car Garage.  The outside shed (14′ x 16′) can easily store all your outdoor equipment. 

For more information or to schedule a private showing,  please contact me at 717-623-8508. 

If you’re looking to buy a home but need up to 100% financing, I can help!   This program is geared toward, but not limited to, first time home buyers. 

There are specific requirements that the property and borrower must meet.  Some include:

- Property must be located in a rural area.

- Property must be HUD approved (meaning, a HUD appraisal will be required)

- Income limits apply.

For more information, please give me a call at 717-623-8508.  I can assist you in securing a FREE pre-approval to see if you qualify for this program.

Effective June 1, Fannie Mae announced that a new credit report will be pulled prior to closing.  Mortgage underwriters will be looking to see if new credit was opened or applied for from the date of your mortgage application.  If the Buyer’s credit score changes or if new credit lines are established, the file could be sent back to underwriting for further review and possiblity delay settlement.  Or, worst case scenario is that your mortgage application can be denied.   

After you enter an Agreement of Sale, do NOT apply for  new credit or make any “significant purchases”.  By doing so, you will put your mortgage loan at risk.  There will be plenty of time AFTER your loan closes to make those purchases.

If you have any questions, please contact me at Michelle@HarrisburgHouses.net.   

Location, Amenities and Value!  This delightful home in Indian Creek has it all for only $209,900! 

With over 1,800 square feet of living space, this spacious home sits on .37 of an acre.  A casual Family Room is located on the first level, in addition to a half Bath, optional 4th Bedroom (or home office) and Laundry Room.  Upstairs, a formal Living Room and Dining Room are conveniently adjacent to the Kitchen for easy access during entertaining. 

 Other highlights include:

- Modern eat-in Kitchen with breakfast bar offers generous counterspace and storage for the chef.

- New hardwood floors grace the formal Living Room, Dining Room and Kitchen.

- Sliders in Dining Room lead to a new large deck, stamped concrete patio and fenced, private rear yard.

- Integral one car garage with paved driveway and additional on-street parking is available.

- The Civic Association of Indian Creek Recreational Club offers a community pool, tennis court, basketball and picnic area.

For more information or a private showing, contact Michelle Leo at 717-623-8508. 

Financial guru, Warren Buffett is predicting that the residential real estate market will start to rebound in 2011.  The combination of a high supply of unsold properties and record foreclosures flooding our markets caused property values to decline throughout the US.  Once demand (for homes) and supply (inventory) meet, the market will start to improve. 

Warren_Buffett_Predicts_Rebound_in_2011

For information on our local real estate market, contact me at Michelle@HarrisburgHouses.net.  

Cumberland County has re-assessed all properties values to reflect a property’s market value as of January 1, 2010.  The revised assessment will be used to calculate county, municipal, and school district real estate taxes for 2011.  The last assessment took place in 2004.

The first batch will be mailed to home owners in Big Spring, Shippensburg Area and South Middleton School Districts on Monday, March 1.  The remaining home owners will receive their assessments in the May/June timeframe. 

Are you looking for a home in Harrisburg?  You’re in luck.  In addition to the current tax credit and low interest rates, there’s a new home ownership incentive program that’s available. 

Announcement_of_Harrisburg_Home_Ownership_Incentive_Program

Please contact me at Michelle@HarrisburgHouses.net for more information.