The Mesquite Nevada Real Estate Blog: May 2008

Mesquite NV REO Foreclosure - Great Price on a Bank Owned Home

Mesquite NV Foreclosures - Reo property - Imagine being able to buy a custom built bank owned home in Mesquite NV for less than $100.00 per sq foot!  How about $75.00 per sq foot?  For a foreclosed home that is is in good condition?  In a neighborhood with NO HOA fees!

Information about Mesquite NV bank owned foreclosure properties

For the low price of $324,900, this custom home on over a quarter of an acre is priced under the FHA maximum loan limit in Mesquite NV.  Room to park your RV and a boat!Mesquite NV Foreclosure 880 Hillside Dr

This lovely 4,349 sq foot home in Valley View subdivision has 5 bedrooms, 3 full baths and a 3 car garage.  Only 6 years old with mature landscaping and sunset views from the kitchen, dining room and den.

The elegant front entry opens to a curving staircase leading up to kitchen, dining room and den with 5 spacious bedrooms and 3 full baths on different levels.

Backyard steps lead up to a private gate which opens on a culdesac one short block to Virgin Valley High School.

Scroll down for more pictures then call me for a private showing!

Mesquite NV Foreclosure 880 Hillside Dr

Mesquite NV Real Estate Foreclosure 880 Hillside Dr

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Mesquite NV short sales and foreclosures - If you would like a MLS list of Mesquite NV short sale and foreclosure properties for sale emailed to you - fill out the short form to Search Mesquite NV MLS and check the foreclosure box.  You will receive a list with addresses and MLS numbers.  You will also get email updates sent to you as new foreclosures and short sales are listed in the Mesquite MLS - opt out any time and your information is never shared.  If you want just Mesquite foreclosure property listings, not short sales, just say so in the 'additional information' box.

Virginia Hepp
ERA Brokers Consolidated
Mesquite NV Real Estate
Mesquite Chamber of Commerce Member
702 622-1177
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First Time Buyers & Repeat Buyers - FHA loan limits raised to $400,000 in Mesquite Nv

First Time Buyers as well as Repeat Buyers - FHA has raised the loan limits on a single family home to $400,000 in Mesquite NV and all of Clark CountyThe average single family home in Mesquite NV sells for around $300,000.

The FHA guidelines are less stringent than a regular conventional loan - approval is not credit score driven - a buyer with a credit score of 620 or even lower may be able to qualify for an FHA approved home loan with as little as 3% down and no interest rate penalty for the lower credit score.

FHA is more concerned with your last 12 months credit and ability to pay the payments on your loan.  They look at the overall picture, rather than just a credit score. 

The Federal Housing Administration originally set up the loan programs so that a first time buyer would be able to qualify and buy a homeThe FHA home loan is becoming popular again, and offers payments that may be lower than those of a conventional home loan for buyers with a credit score of less than 680.

For more information about FHA loan programs and comparison to conventional loans, visit the website of Jeff BelongerThe FHA EXPERT

Do you qualify for a FHA Loan?  For a quick answer visit Kathy Hadden @Wells Fargo Bank Mesquite NV

Or call me for an appointment to get pre-qualified with an FHA approved lender

Let's look at homes in your price and payment range!

 

Virginia Hepp
ERA Brokers Consolidated
Mesquite NV Real Estate
Mesquite Chamber of Commerce Member
702 622-1177
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Mesquite NV  FHA Loan  First Time Buyer  Repeat Buyer  FHA max loan limit  Single Family Home Loan