The Tri-Cities Guide

Current Pricing for Tuesday March 8^th, 2010

                  FHA                                         5.00% 

                  VA                                           5.00%

                  30 year Conventional              4.875% 

                  15 year Conventional              4.25%

                  5/1 Arm                                  3.75%

Rates are subject to change at any time.  Call me for quotes and more specific information on programs and qualifications

Product Information of the Week

FHA Changing Seller Contributions to 3% - Coming SOON HUD recently announced a proposed change to their Seller Contribution limit, reducing it from 6% to 3%.  The proposed change is intended to reduce their risk on purchase transactions.  FHA is concerned that appraised values are being inflated because sellers build these sales contributions into their salesprices.  The policy change will be posted to the Federal Register for comment before FHA finalizes the rule and provides an effective date to lenders.  They estimate that the rule will take effect this summer. We’ll let you know as soon as FHA issues their Mortgagee Letter with details and an effective date.   

Mortgage Insurance Guidelines seem to be loosing up…660 credit scores allowed!            

MGIC announced that they have dropped the minimum credit score to 660 in non-restricted markets.  With the reduction of the credit score your customer must have 3 trade lines evaluated for 12 months.  This is great news as FHA is raising upfront MI premiums.  Make sure to ask us about Split MI. 

Brad Seabaugh for any questions 
Apply online www.bradseabaugh.com

8121 W Grandridge Blvd, Suite B, Kennewick, WA 99336

Check out this new Single-family property that I just posted on my Web site. It is at 5008 5008 Robert Wayne in Pasco. This Single-family property has 3 bedrooms and 1.75 baths. USDA area.

Check out this new Single-family property that I just posted on my Web site. It is at 504 504 Birch Ave in Richland. This Single-family property has 3 bedrooms and 1 baths. This house is located in a beautiful neighborhood. Large shop/garage, coy pond and RV parking. Located close to schools and easy freeway access.

Check out this new Single-family property that I just posted on my Web site. It is at 5100 5100 Desert Dove Drive in West Richland. This Single-family property has 4 bedrooms and 2.5 baths. Beautifully lanscaped yard full of mature rose bushes of all colors. Brand new carpets, paint and tile floors. Granite counter tops, walk-in closets, finishedbonus room and much more! It is located in a wonderful neighborhood close to schools, on quiet street on Cul-da-sac. Lots of little extras!.

Check out this new Single-family property that I just posted on my Web site. It is at 8003 8003 Mayne Drive in Pasco. This Single-family property has 4 bedrooms and 2.5 baths. Beautiful home in absolutely wonderful neighborhood, close to schools, shopping and easy freeway access. Tons of storage including shelving and cabinetsin garage, storage shed and lots of attic space. Beautiful tiled floors in entry, kitchen, baths and laundry room. Upgraded lighting, ceiling fans and faucets.New paint inside and out. It also has hottub slab, wiring and plumbing. Master bedroom has huge walk-in closet and full bath with jetted tub. Lots of naturallight! This home has it all!.

I’ve just sold a Single Family Resale property at 4211 Monterey Dr in Pasco. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.

Check out this new Single-family property that I just posted on my Web site. It is at 510 Charbonneau in Kennewick. This Single-family property has 3 bedrooms and 2.5 baths. This home has beautiful panoramic views of the river. Located in a wonderful neighborhood close to schools, shopping and easy access to the freeway. Openfloor plan, porch off master with huge walk-in closet, raised ceilings. Lots of space. Must see!.

Check out this new property that I just posted on my Web site. It is at 6290 Polaris in West Richland. This property has 3 bedrooms and 2 baths. Awesome plan from StoneCrest Builders, Inc. open flowing plan with lots of upgrades. Landscaped front yard with UGS. Spacious, Clean, Comfortable homewith Tiled Floors, Granite Counters, Open Kitchen, and Lots of Natural Light. Large Master Suite opens onto Huge covered patio. Bedrooms are good sizedas well as the den. Many plans and price options are available.

Check out this new Single-family property that I just posted on my Web site. It is at 3207 S. Johnson Pl in Kennewick. This Single-family property has 3 bedrooms and 3 baths. Location, Location, Location- Canyon Lakes Golf Course Frontage with awesome views of the 10th fairway from both levels of this rambler/day light basementplan. Built in 1984 this spacious home has over 3100 sqft. 3 bedrooms plus a den which could be a fourth. Large Kitchen with great natural light, FormalLiving and Dining rooms, and and family room. Golf cart parking, Storage space, R/O water system, and a great deck perched about course to watch somegolf or enjoy the views of open space. Lots to see.

On January 31, 2010 at 13:00 PM, you are invited to an Open House at 3561 Regent Street in Richland. If you are looking for a Resale - single family property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this Resale - single family property, check out my site at http://www.tricitiesonlinehomes.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.