


| STARKE PULASKI BOARD OF REALTORS |
| Becky L. Pulver Executive Officer |


| 0035 East 250 North Knox, Indiana 46534 |




| Designed & Maintained by Becky L. Pulver |
| Disclaimer : The information contained in our website is believed to be reliable but is not guaranteed. We make every effort to maintain this website to have current, accurate information. However, we cannot warrant the accuracy of the information contained in our website. This includes, but is not limited to, our website and information contained in websites that are linked to our information contained in website. |
| 574-772-5300 phone ~ 574-772-4968 fax ~ spbor1@csinet.net e-mail |



| Daily Real Estate News | June 9, 2008 No-Downpayment Loans Still Out There Despite banks’ reactions to the foreclosure crisis, it’s still possible for a potential homeowner to buy with no money down. Some options come from Fannie Mae and Freddie Mac and are aimed at making homeownership possible for buyers with limited credit and savings, including teachers, firefighters, and members of the military. Some of the loan programs, which are available through cooperating lenders, even allow 105 percent financing to cover closing costs. Freddie Mac says such loans have lower delinquency rates because borrowers are required to complete homeownership education. Earlier this year, Fannie Mae experimented with a policy that demanded a minimum of 10 percent down in markets where home prices were declining. In May, it modified the policy to allow buyers in declining markets to borrow up to 97 percent of the purchase price with a conventional mortgage and meet any other need with a second mortgage that that lenders are required to forgive after five years of successful payments. Source: Washington Post, David S. Hilzenrath (06/09/2008) |
| Quadrennial Code of Ethics Class For Information and Sign-up June 25, 2008 class please click here |