Nelson Zide
ERA Key Realty Services | 508-277-7794 | nelson@nelsonzide.com


Posted by Nelson Zide on 12/31/2018

This Single-Family in Natick, MA recently sold for $364,000. This Ranch style home was sold by Nelson Zide - ERA Key Realty Services.


23 Winter Street, Natick, MA 01760

Single-Family

$384,900
Price
$364,000
Sale Price

7
Rooms
3
Beds
1
Baths
Hard-to-find ranch with a full basement in Natick! Kitchen was renovated approximately 7 years ago with newer cabinets and granite countertops, and a beautiful greenhouse window. Updated appliances: stove, refrigerator, dishwasher, and microwave. Formal dining room leads to four-season porch, which is a fantastic open room heated by a pellet stove. Mostly vinyl replacement windows. Hot air furnace approximately 15-20 years old. Updated wiring. Wood stove in basement hooked up to hot air furnace. Home would be a great opportunity for a FHA 203K financing program. That is a purchase and rehab in the same first mortgage. Please look into it. Show and sell!!

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Categories: Sold Homes  


Posted by Nelson Zide on 12/26/2018

FHA loans have long been a valuable resource for Americans who want to fulfill their goal of homeownership but who don’t have the benefit of a lengthy credit history and equity.

If you’re hoping to buy a home in the near future but want to explore all of your options in terms of financing, this article is for you.

Today we’re going to talk about FHA loans and how to know if you qualify for one.

What are FHA loans?

FHA loans are issued by private mortgage lenders across the country, just like regular mortgages. The difference, however, is that an FHA loan is “guaranteed” by the federal government.

Lenders decide your borrowing eligibility, and how much you can borrow, by determining risk. If you don’t have a sizable down payment (oftentimes 20% or more) and you have a low credit score, most mortgage lenders will see you as a risky person to lend to.

When you get an FHA loan, however, the federal government assumes some of that risk, allowing you to secure the loan anyway.

This means you can buy a home with a low credit score, a smaller than usual down payment, and save on some closing costs.

How do I qualify for an FHA Loan?

To find out if you qualify for an FHA loan, you’ll head to the same place as a traditional mortgage--a mortgage lender. Oftentimes, you can simply call or visit the website of lenders to get the process started.

As with all things, it’s a good idea to shop around for a mortgage lender. Their offerings will be largely similar, but there might be minor differences that make one better than another for your particular circumstances.

Down payment requirements

To secure an FHA loan, you will need to make a down payment of at least 3.5%. However, this low down payment comes with a price. You’ll typically be required to pay private mortgage insurance (PMI) fees on top of your accruing interest for your loan.

Credit score requirements

While you can often secure a mortgage with a lower credit score through an FHA loan, there are still some requirements. To secure a loan with the lowest possible down payment (3.5%), you’ll need a credit score of 580 or above.

Previous homeowners and FHA loans

A common misconception about FHA loans is that they are only for first-time homeowners. However, you can still qualify for an FHA loan if you’ve owned a home before as long as it has been three years since you’ve had a foreclosure or two years since filing for bankruptcy.

If you meet these three conditions, you should be able to secure an FHA loan through a traditional mortgage lender.




Categories: Uncategorized  


Posted by Nelson Zide on 12/21/2018

This Single-Family in Holden, MA recently sold for $219,900. This Ranch style home was sold by Nelson Zide - ERA Key Realty Services.


1 Torrey Lane, Holden, MA 01520

Single-Family

$219,900
Price
$219,900
Sale Price

6
Rooms
2
Beds
1
Baths
Better Than a Condo Alternative - this Adorable Updated Ranch in Holden has its own walking trail! This home is set on over 2 acres complete with a trail into the woods - a great way to hike without leaving home! Come see this 2 Bedroom 1 Bath Ranch that just got a facelift with full exterior paint (2018). Walk into the front to back Living Room, Formal Dining Room with French Doors, and updated Kitchen, all with beautiful Hardwood Floors. The Updated Full Bath and Laundry Room both feature Brand New Flooring that was just installed!. Additional updates include: Roof (2014), Rear Windows (2014), Sump Pump (2015), Oil Tank (2018), Furnace (2017-18), Hot Water Tank (2017-18). Two sheds to store all your outdoor supplies, a lovely patio area under the trees - a great area for those outdoor Bar-B-Q's and much much more! Wonderful starter home in a nice neighborhood near highway access. A True Value! Make an offer!






Categories: Sold Homes  


Posted by Nelson Zide on 12/19/2018

This home is truly a must-see! You will be in awe of and fall in love with all the updates from head to toe - everything has been done for you. New trim, gutters, and soffits, and new roof with architectural shingles. Beautiful newer front door and entry way with a bevy of light as you walk in. Kitchen offers new granite countertops, an island, and new cabinetry which encase new stainless steel dishwasher, stove, refrigerator, and microwave. Newer vinyl replacement windows. Newly installed central air conditioning unit and furnace. 2 new full bathrooms and laundry located on first floor. New hardwood flooring in kitchen and back hall complements the refinished hardwoods throughout the house, and new high-end vinyl flooring in the bathrooms. Great side yard with shed and 2-car stone driveway. Convenience is here with commuter rail, shops, and restaurants all under 1 mile. Make this your last stop and call it home. Show and sell!!

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Posted by Nelson Zide on 12/19/2018

Hard-to-find 4-family home! Located near Framingham Center and Framingham State College, this house is great for commuters and those who want to be close to restaurants, shopping, and more. Front porch adjacent to driveway with 1 spot per unit. Four easy-to-rent 1-bedroom apartments: rent includes heat and water. Newer gas heating system - under 2 years old.

More Info on this Property | New Listing Alerts







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