Makefield Glen Yardley Pennsylvania

Lexington Elite Model in Desirable Makefield Glen, Yardley Pa. Pennsbury Schools. 3 Story townhouse with new oak flooring throughout living room/grate room and eat in kitchen. Built in nook with 3 chairs; new granite countertops; new tiled backsplash; new brushed nickel ss double sink and new brush nickel faucet. Finished 3 floor loft could be used as third bedroom or office. Full finished basement with extra storage. Close to all major highways, malls and shopping centers. Easy commute to Center City; Princeton, and New York. Call today for a showing. John and Sheri Curci Remax Properties, 215-757-2889 direct. Asking $279,900

157 POPLAR ST. Northern Liberties Open House

Open House Sunday May 2nd from 1 to 3 p.m. Three Story End Unit Townhouse at 4th and Poplar Streets in desirable Northern Liberties. 2 Car Attached Garage with additional 2 car driveway parking. Over 4000 square feet of living space spread out over three stories. Hardwood floors throughout home. Roof top sun porch. Finished basement. Gorgeous cook's kitchen with granite countertops; island; pantry; upgraded appliances such as stainless steel; and bosch stove/oven. Three huge bedrooms, and upgraded bathrooms. Main bedroom with walk in closet. Asking $699,999. Call John or Sheri Curci Remax Properties direct 215-757-2889

Now that April is Here! ... Watch out with the Condo Scene?

New FHA regulations change condo financing....

FHA recently implemented some new requirements for condominium financing and some Pennsylvania REALTORS® have noticed the difference. Darlene Shannon, a representative with the Federal Housing Administration (FHA), said spot loans were previously given in projects that did not have FHA project approval. “The spot loan approval process as defined in 1996 is gone as of February 1. The DELRAP (lender approvals) and HRAP (HUD approvals) have been streamlined to allow for uncomplicated condominium project approvals eliminating the need to approve units on a ‘spot loan’ basis,” she said. Condos have to meet eligibility requirements outlined in the Housing and Urban Development (HUD) Mortgagee Letter issued in November. Some of the new requirements include:

•Minimum of two or more units

•No more than 25 percent of the property’s total floor space can be used for commercial purposes

•No more than 15 percent of the total units can be more than 30 days past due in the association fees

•At least 50 percent of the total units must be sold prior to an endorsement of a mortgage

•Homeowners’ association budget must have adequate cash reserves.

Source: PARJustListed; 3/30/10


John and Sheri Curci RE/MAX Properties215-968-7400-x 8774 or DIRECT- 1-866-473-6290
Visit our website for more info & pictures on this home or to search all Philadelphia & Bucks County Real Estate

Middle Class Tax Refunds from the Fed Recovery Act

Take advantage of your Privileges from the Federal Tax Recovery Act that was passed last year,
http://www.whitehouse.gov/recovery/tax-saving-tool





John and Sheri Curci RE/MAX Properties 215-968-7400-x 8774
or DIRECT- 1-866-473-6290

Visit our website for more info & pictures on this home or to search all homes Philadelphia & Bucks County
Real Estate.

City of Phila Use and Occupancy ReSale Certs Changed

Effective January 2010;

The City of Phila now requires CO2 detectors installed before a U&O cert can be issued for a resale of a Home by the City L & I Dept.

It use to be only smoke alarms were needed.....but not no moe!

John and Sheri Curci RE/MAX Properties 215-968-7400-x 8774
or DIRECT- 1-866-473-6290

Visit our website for more info & pictures on our home or to search all homesPhiladelphia & Bucks County
Real Estate.

FHA vs VA

FHA vs. VA

Advantages w/VA:
1. no down payment if qualify
2. no monthly mi insurance . vs. .55 on FHA
3. funding fee is waived if 10% or more disabled from military
4. up to: 4% of true closing costs paid by seller + discount points

Advantages w/FHA:
1. Easier to qualify: up to: 56.9% diti for fha vs. 41-43% max VA
2. FHA usually has .125% lower rate than VA
3. FHA allows non-married co-borrowers income to qualify, vs. VA does not
4. FHA appraisal ordered from list of lenders approval list, VA uses their own appraisers
5. FHA usually can close faster – as little as 2 weeks, VA takes usually 4 weeks
6. FHA does not use any residual income to qualify, VA does – may make harder to qualify ( residual income is income left over each month)

Changes to FHA coming soon:
• 4/1 up front mi premium, now: 1.75% going to: 2.25% - affects payment on a $250,000 sales price: $7.24 p/m
• At some point during summer, FHA will max out seller assist to: 3%, now 6%


Which loan is best?
It comes down to a case by case basis. FHA is usually more widely accepted by listing agents in our area, some agents have spent 15 years selling homes and never sold a home using a VA loan. So..... at times, a seller / listing agent maybe more likely to accept an offer from an FHA buyer, than a VA buyer.

Carousel Station 1st Floor end unit

Two bedroom 2 bath 1st floor end unit condo. Eat in kitchen with separate laundry area with heavy duty washer/dryer. Formal dining room with newer pewter chandelier. Balcony with extra storage closet. Backing to tennis courts and one close to pool. Gas heat central air. Newer pergo flooring in foyer and kitchen. Two nice size bedrooms.


Sheri & John Curci Remax Properties 215-757-2889 direct or 215-968-7400 extention 8774