Posts Tagged ‘VA’
Friday, August 11th, 2017
Hello Buyers and Sellers:
How are you? I trust all is well for you and yours. Are you getting ready to move? Whether it is now or later I can help you understand the selling market. I have so much experience in this Las Vegas, Summerlin, Henderson, Southwest, Northwest and North Las Vegas. I have been working with buyers and sellers for over 18 years full-time. I have the most amazing clients, they will tell you how their experience was with me if you’re interested in speaking with them. We have fun, it’s a Professioanl experience, you’ll enjoy how the selling or buying experience goes for you.
In other words: I know what I’m doing. I work with all buyers and sellers, NOD, short sales, traditional sales.
Buyers purchasing with FHA, FHA HUD 184, Cash, Conventional. VA. I love working with all buyers.
Call me, Penny O’Brien with RE/MAX Excellence. 702.321.9383
Wednesday, August 2nd, 2017
What does the American dream of owning a home mean to you? Here in Vegas, the Sin City Capital of the World. The fun adult playground. The city with so much to offer. The City who has fantastic sunshine throughout the year.
Many first-time home buyers are afraid to purchase. The truth is in most cases it’s better to buy then rent, and in most cases it’s cheaper. Plus, you don’t have a landlord and others to deal with, IT’S YOURS!!!
A majority of my clients are first timers. I call them my Real estate virgins. I absolutely love working with them. If you are interested in buying a place, please give me a call and I can help you understand the ins and outs of buying. I will become your Realtor for life.
Make it a great day! Penny O’Brien 702.321.9383
Tuesday, August 1st, 2017
Let’s talk about lending:
The best way to explain what a conventional loan means is that a home buyer’s mortgage is not backed or insured by a government agency such as the Federal Housing Administration (FHA) or Veterans Administration (VA). Buyers can use a conventional mortgage to purchase a one- to four-unit home, a condominium, modular or manufactured home as a primary, secondary or investment property.
A loan that conforms to conditions and terms of the government-sponsored enterprises Fannie Mae and Freddie Mac is called a “conventional loan.” The down payment of a conventional purchase loan is generally higher than that of a government-insured loan, such as an FHA loan, which is 3.5%. Conventional borrowers generally must pay between 5% to 20% percent of a home’s purchase price for a down payment. On a refinance a conventional loan can go up to the Loan to Value (LTV) of 95% with the addition of PMI or LPMI factors.
On a conventional loan the lender will consider a buyer’s debt-to-income ratio, which he/she determines by calculating the projected housing costs and actual recurring monthly expenses. A buyer/buyer’s home expenses. Which include the monthly loan payment applied toward principal and interest, property taxes, mortgage and homeowners insurance as well as total of all monthly expenses, including housing, must not exceed 43% of the buyer’s income. Do you fit that criteria?
A FICO credit score of 640 and higher increases a borrower’s rate of approval and may reduce the loan’s interest rate. FICO is an abbreviation for the Fair Isaac Corporation, the first company to offer a credit-risk model with a score. The story would be more interesting if “Fair Isaac” refers to some wise, above board person. Here’s the deal: Bill Fair and Earl Isaac are the founders.
Borrowers who have filed a Chapter 7 bankruptcy case can apply for a conventional mortgage after four years from discharge date, and those who have filed a Chapter 13 may apply two years after the re-establishment of an active credit profile.
The current market and the borrower’s FICO credit score influence the interest rate he’ll receive on a conventional loan. Conventional loan programs at a fixed rate, where the interest rate stays consistently the same throughout the term of the loan, or as an ARM, an adjustable-rate mortgage, where interest rates initiate at a below-market rate and change on a designated schedule, which ranges from monthly to annually or longer.
Conforming conventional loans: have a maximum loan limit set by Fannie Mae at the county level.
In the case of non-conforming loans, banks ususally set the limit at 80 to 90 percent of the home’s appraised value.
Call Penny O’Brien @ 702.321.9383
Wednesday, February 15th, 2017
Hi there everyone,
Once again, thank you for your time and checking out my blog. This is a short and sweet blog, just like me, short and sweet. I’ve been in the Las Vegas Real Estate Market for over 16 years full-time. I’m honest, trustworthy, fun, professional, experienced, educated, patient and fun to work with. I always answer my phone, I am respected by my peers. I know what the heck I’m doing, I don’t fake it until I make it. If you’d like you can speak with any of my clients, they will be honest and share with you their buying or selling experiences with me. I love my clients. They are totally amazing people.
I work with First time homebuyers.
Single Family Home Buyers
Single Family Home Sellers
Cash, conventional, FHA, VA, 184 HUD program, down payment programs, you name it I can help you with your financial information you may have questions with. I am here with you through the whole process.
And, Sellers, there is no BS when it comes to selling your home. I’ve heard agents for years tell sellers what they want to hear whether it is the truth or not and you know what they have no problem lying to the seller/sellers. I’m not that kind of agent just so you know. I have Integrity, and lots of it.
Call Me, Penny O’Brien: 702.321.9383
Testimonials: Here’s just a few words from some amazing clients:
Penny O’Brien has been my real estate agent for the past three months and just closed the deal on my Summerlin home. Penny has been a pleasure to work with, earning my respect and admiration for getting my family through the stressful task of selling a house. The time spent with Penny has given me the opportunity to observe a true professional at work. Her ability to get the job done, and done right has certainly paid off.
I am also a real stickler for well-documented paperwork and Penny certainly showed her ability to perform this task. Her paperwork was flawless, leaving absolutely no loose ends behind. Penny was also available at the most inconvenient times and frequently made trips to my home at all hours of the day and night. Simply put, I would recommend Penny to assist all of my friends and family when their real estate needs.”
– Warren Hensman, Summerlin
“Penny made the selling of my house easier than I ever imagined. She not only brought in a lot of traffic into my property, but she sold it quickly… at full price. I highly recommend her.”
– Michael, Summerlin, LV
Penny is the greatest. She was a great help in helping me understand all the paper work. I left it in her hands, I trusted her, and my house sold
within a week! I got every penny I asked for. If I ever move back to
Vegas, and am in the market for another house, she would be the first
person I called.
– Deb,Valpariso, Indiana
Thursday, February 9th, 2017
Hi there everyone,
Are you currently with the Military? Are you a Veteran? Please let me begin with, THANK YOU FOR YOUR SERVICE. My son is with the Marines and I see the Honor and Sacrifice that goes along with being in the Military. I am so grateful that there are People out there that care so much for our country and are willing to be there in times of need. With that said, I can help you with your Real Estate needs, I am the perfect Realtor for you. I have over 16 years of helping families buy and sell here in the Las Vegas Valley. I moved to Las Vegas from Iowa almost 20 years ago. As of right now I have clients who are Military. They are purchasing a 2 bedroom condo near Summerlin. They are having USAA do their loan. I am very familiar with all types of loans and how to help you through the loan process too. Some types of loans are FHA, Conventional, VA, HUD loan, so many different types. There is also down payment assistant programs available. There’s so much and I have the knowledge in what available for you. Let’s get together and figure out what type of loan is best for you. Or, perhaps you’re paying Cash.
I really do hope to hear from you. I love helping and it’s the least I can do to help you in return for all you do. You can reach me at 702.321.9383, text or call me. I always respond very quickly. Or email me at GowithPenny@yahoo.com And, please understand there are no silly questions that you maybe afraid to ask. I’m a REALTOR with your best interest at hand. My buyers are buying condos, townhomes and Single Family Residences. I look forward to hearing from you. I have Happy Clients. NOW, let’s get moving.
Have fun and Enjoy your life. Penny
Monday, February 6th, 2017
I am working on putting together a give-a-way to any buyers and sellers who are or become my client/clients. I am asking what they’d like to receive. Of course, it needs to be within reason.
Do you have any suggestions? I look forward to hearing from you and really Excited to get it started.
Thank you and let’s get moving.
Penny O’Brien 702.321.9383
I work with all buyers, Cash, Conventional, FHA, VA And many HUD programs. I work with all buyers and sellers within the whole Las Vegas Valley. Call me @ 702.321.9383
Monday, February 6th, 2017
As you may know or may not know, Las Vegas has a HUGE inventory of NEW HOMES. Builders are building in every area of Vegas. Henderson, Summerlin , The Great Northwest, The Great Southwest, North Las Vegas, EVERYWHERE. It is so exciting.
Which builder are you looking for? KB Homes? Toll Brothers? Beazer? Pulte? Woodside? Lennar?DR Horton and many more. Let’s look and see what they have for sale. I can also share with you what incentives they offer.
Many people enjoy the idea of a new homes because they get the possible chance to pick the lot, flooring, cabinets, window coverings, etc. Plus, It’s like buying a new car vs. an used car. It’s all about what’s really important to you as the buyer.
I have access to all the builders inventory in the Valley, please give me a call @ 702.321.9383. We can meet at my office and do a complete search of the Valley for your new Home. Enjoy your day, Penny O’Brien, I have 16 Joyful years of full-time buying and selling Las Vegas Homes
P.S. all or most of the builders accept VA, FHA, HUD programs, Conventional and Cash purchases.
Monday, February 6th, 2017
Happy Day to you. Are you interested in knowing a lot more about townhomes in Las Vegas that are for sale? In the past 3 months I have sold several. They are a fine way of owning a home without all the extra responsibility of owning a detached home. Here’s what is usually included in within the HOA when buying a townhome. Usually water and trash are included. Most of the time the landscaping in the front is covered too. Are you looking for a condo to buy or sell. I can Help. I work in all areas of the Las Vegas Valley and have clients who are cash buyers, FHA buyers, VA buyers, Conventional buyers and any other programs that may be used in the purchase of a home. Many of my clients have a tribal card and they qualify for the HUD 184 program. There’s so much out there for buyers to use for purchasing a home and coming in with very little down payment.
You can reach me, Penny @ 702.321.9383. I am a professional Realtor, we will have a good experience working together.
I really enjoy helping people with the purchase or sale of homes. I have over 16 years of full-time experience in Las Vegas. ENJOY your day. Penny
Wednesday, January 25th, 2017
Here are the numbers for what’s for sale in Henderson:
1988 Single Family Homes, Condos and Townhomes are currently for sale per MLS, Multiple Listing Service.
1333 are currently in contract in Contingent Status, that leaves only 655 for sale.
This does not include the New Homes.
What type of buyer are you? Cash, Conventional, FHA, VA or another type?
Please call, text or email with your Real Estate needs. I service Summerlin, Henderson, GV, North Las Vegas, the whole Las Vegas Valley.
Penny O’Brien 702.321.9383 GOWithPenny@yahoo.com
Saturday, April 30th, 2016
Hi folks and happy Saturday,
We’ve got a rainy Saturday going on today. It actually rained all night long. It was great. I am now sitting at Starbucks people watching while trying to blog. It’s fun to people watch. Like my grandma always said “it takes all kinds to make the world go around”. I am trying to concentrate but I hear so many different conversations going on. Even the music that plays here at Starbucks is distracting me. I am totally going off track here. Focus Penny, Focus. Trying to ignore the snoring guy. So sorry, FOCUS, PENNY
Back to the Home at Last program. Let’s talk about who qualifies:
First-time homebuyers (buyers who have not owned a home in the past 3 years): or Qualifying Veterans who will live in the home as their primary residence.
Households meeting normal FHA, VA, Conventional or USDA RD underwriting requirement.
Homebuyers who meet generous income and purchase price requirements. The limits vary depending on county and household size. Please visit www.NvRALorg/MTC to review current income and purchase price limits.
Veteran And Military MTC benefit:
In appreciation for their service to our country, Nevada Rural Housing Authority has eliminated the MTC fee for all first-time homebuyers serving on active duty, National Guard service personnel, and Veterans who have been discharged. This FREE gift is a must-have for our Nevada Heroes!!!
Enjoy your day everyone!!! I greatly appreciate your time you’ve spent keeping up with my blog. Until next time: call me, Penny @ 702.321.9383
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