THIS WEEK IN REAL ESTATE
Interview with Kathy Perkins from Chemical Bank
October 9, 2011
By: Jean Ann DeShano
DeShano: What are the first steps in buying a home?
Kathy: Buying a home is a big step; choose a home and a financing program that's right for you. Look into various mortgage options and what they cost, and select a loan program that fits your budget, lifestyle and goals. Put together a personal ?home team? of experts: an experienced real estate agent and a knowledgeable loan officer.
DeShano: What qualifies you as a first time home buyer?
Kathy: If you?ve never owned a home or has not owned a principal home in the last 3 years, you need to inquire about first time home buyer programs.
DeShano: What should I bring to my first appointment?
Kathy: W-2 forms for the past 2 years
Pay stubs for the past 30 days
Bank statements for the past 60 days
Tax returns for the past 2 years
Is there a charge for a preapproval?
Kathy: No
DeShano: What are the some of the different programs for first time home buyers?
Kathy: Types of governmental loans include MSHDA, FHA, Rural Development, and VA Loans. These programs may be subject to income limits and or sale price limits. We also have conventional, ARMS and balloon loans. If you have questions on any of these loans please contact me at 989-894-8917, Kathy.Perkins@ChemicalBankMI.com.
DeShano: What things should I be asking a potential lender?
Kathy: Pre-approval programs, down payment and closing cost options, interest rates, rate-lock length and cost, mortgage program offerings, interest rate vs APR
DeShano: When do I make loan application?
Kathy: You make application during pre-approval that is good for 60 days. When you have a fully accepted purchase agreement and are ready to move forward, then I update the application.
DeShano: What will I need to bring to closing?
Kathy: Youre valid ID, any funds needed to close, and anything else that the title company will require to complete the closing.
Kathy: Most importantly select a loan program that fits your budget, lifestyle and goals.
Link -- http://www.ChemicalBankMI.com/KathyPerkins
Link -- http://www.baycityhomes.net
The following chart is for Bay County sales only.
WEEKLY STATS
AREA # OF NEW LISTINGS PRICE RANGES
10 NORTH END, WEST SIDE 3 $18,000 - $114,900
40 SOUTH END, WEST SIDE 1 $32,0000
20 NORTH END, EAST SIDE 1 $25,000
30 SOUTH END, EAST SIDE 5 $7,630-$79,900
50 ESSEXVILLE 3 $37,900-$138,000
60 HAMPTON/PORTSMOUTH/MERRITT 3 $18,500-$159,000
70 FRANKENLUST/MONITOR TWP 4 $69,900-$1,800,000
80 BANGORTWP 7 $79,900-$512,500
90 WILLIAMS TWP 1 $92,500
97 BEAVER/KAWKAWLIN/GARFIELD/FRASER 3 $19,900-$135,000
98 PINCONNING/MT.FOREST/ GIBSON 2 $65,400-$129,900
AREA # OF SOLD LISTINGS PRICE RANGES
10 NORTH END, WEST SIDE 4 $16,500-$30,000
40 SOUTH END, WEST SIDE 1 $16,750
20 NORTH END, EAST SIDE 1 $7,000
30 SOUTH END, EAST SIDE 4 $11,000-$65,000
50 ESSEXVILLE 1 $37,000
60 HAMPTON/PORTSMOUTH/MERRITT 2 $100,000-$105,000
70 FRANKENLUST/MONITOR TWP 2 $91,227-$187,000
80 BANGOR TWP 2 $53,278-$65,000 90
90 WILLIAMS TWP 2 $57,500-$113,500
97 BEAVER/KAWKAWLIN/GARFIELD/FRASER 7 $10,000-$119,900
98 PINCONNING/MT.FOREST/ GIBSON 2 $59,125-$61,000 TOTAL
PENDING LISTINGS: 31 PENDING LISTINGS IN BAY COUNTY
-----
House of the Week:
House of the Week
-----
ATTENTION: We are still in need of homes in the Bangor, Monitor, and Frankenlust area 3 bedrooms or more. Please call me if you are interested in selling your home. 989-233-8380 or jeanann@remaxresults.org
Next week: Interview with Bay Area Housing.
QUESTION CORNER: IF YOU HAVE A QUESTION ABOUT REAL ESTATE PLEASE SUBMIT IT HERE AND I WILL ANSWER IT IN THE NEXT COLUMN. YOUR NAME AND E-MAIL ADDRESS WILL NOT BE PUBLISHED. SUBMIT YOUR QUESTIONS TO: Click Here to E-Mail Jean Ann DeShano
Or Contact Jean Ann DeShano at:
414 Gies St., Bay City, MI 48706
(989) 233-8380
Disclaimer: All of the sold, new listing, and stats in this column are from The Bay County Realtor Association web site.
0202 nd 04-30-2025
|