WASHINGTON — Can you still do a short-term house flip using federally insured, low-down-payment mortgage money? That’s an important question for buyers, sellers, investors and realty agents who’ve taken part in a nationwide wave of renovations and quick resales using Federal Housing Administration-backed loans during the past four years.
Tucson was chosen as the pilot city for a community program to help more people become homeowners. Ready, Set, Own was created to provide potential homebuyers with information and resources they need to start the process of buying a home, says the program’s sponsor, Philadelphia-based private mortgage insurer Radian Guaranty Inc. Participants will be paired with local credit counselors and mortgage lenders to create a personalized step-by-step plan to purchase a home.
The more than 120 real estate experts gathered at the Ritz-Carlton, Dove Mountain, Thursday afternoon were generally bullish about the future of Tucson housing, but hopes for a rebound mirroring the boom of the 1990s and 2000s were gone.
Sale Holualoa Companies of Tucson sold the 428-unit Tanque Verde apartment complex at 7671 E. Tanque Verde Road for $21.3 million to Salt Lake City-based Chartwell Capital Partners LLC. Michael Sandahl, Wyatt Campbell, Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch, with CBRE, represented the seller.
Three of Tucson’s multimillion-dollar homes will be featured Sunday on the HGTV show “Buy Like a Mega Millionaire.” “It’s a game-show type thing,” said Janell Jellison, a Realtor with Long Realty, who listed two of the homes.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Tucson Association of REALTORS® Multiple Listing Service (TAR MLS), the Green Valley/Sahuarita Arizona Multiple Listing Service (GVAR MLS), and the Southeast Arizona Multiple Listing Service, Inc. (SAAR MLS). Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX/RETS data is deemed reliable but is not guaranteed accurate by the MLS.
The federal Fair Housing Act prohibits real estate advertisements that indicate any preference, limitation, or discrimination because of race, color, religion, sex, disability, familial status, or national origin.
If you believe a real estate advertisement on this website states such a preference, limitation, or discrimination, please notify the webmaster at firstname.lastname@example.org.
For further information on the Fair Housing Act, see: http://www.hud.gov/offices/fheo/FHLaws/yourrights.cfm
This calculator is intended to provide estimated payment information only.
Actual mortgage payments are calculated based on principal, interest, taxes and insurance.
This estimated payment is based only principal and interest since information regarding taxes and insurance are not available on this site.
Complete payment information will be provided to you by your Loan Officer.