500 Credit Score? Exciting News from Wells Fargo!

Valuable information from our Danberry "in office expert" Ann Newman of Wells Fargo First Mortgage Consultants.
419.720.5080

• If you’ve been hearing the buzz that Wells Fargo is now offering FHA financing down to a 500 credit score, let me confirm that it’s true! For the right buyer, the 600 credit score has now been lifted with some additional parameters.
• Down payment - for credit scores of 580-599, a 5% down payment is needed. For scores between 500 and 579, 10% is needed.
• Debt to Income Ratio - FHA has always been flexible with the debt to income ratio. When going to a lower credit score, though, they’re requiring ratios similar to what a conventional loan would want (31%/36% required).
• Limits on seller contributions - the seller contribution is limited to 3%.
• No gift funds - the down payment has to be the buyers own money.
• FHAs existing rules on judgments, collections, bankruptcies, etc. still apply. For many buyers, though, this lightening of the requirements is a HUGE win. If you have been previously turned down because there score was too low, give me a call!  I’d be happy to guide you through the process!

Thanks for the great info Ann!

Wall Stencils

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I was initially on the hunt for wallpaper for my foyer, yes, LOVE Wallpaper!  I was getting overwhelmed by choices and prices for the area I had to cover. I soon switched gears and headed over to Etsy to search for wall stencil options.  What I came upon is not your mothers country goose or Waverly leaf pattern stencil.  Fresh, clean, sophisticated and whimsical are now options for all of us!

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All of the above are from Cutting Edge Stencils.  Check out her informative site, she is also on Etsy.

This next set is from Royal Design Studio.  I think the Moroccan theme are some my favorites.

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VOTE for your favorite-I numbered each sample.

House for sale? Make it happy!

If I were house hunting and came upon this front door, I would be giddy with excitement to get inside.  What would the expectation be?  Bright, loads of light and HAPPY!

Check out this post from Julia, author of Hooked on Houses to get a bit of valuable insight on making your house HAPPY.  In my years of Real Estate, I have never had someone ask "make sure the homes we see today are DEPRESSING".

What aspects of your home make you Happy?  Post a comment below and let me know!

Just Picked

Do fake flowers evoke images of plastic stems from the 70's?  They did in my mind, however Natural Decorations Inc. is the anti-fake flower, faux fleur.  I don't own anything from NDI, but the grey sky's and piles of snow is making me want take the plunge on one of these arrangements.  Exquisite up close and worth the money once you get over the sticker shock.

Here are some more on my wish list

Lilly Does Furniture

Okay, so I can't pull off the off the head to toe Lilly look, it's just not me, but it doesn't stop me from loving the bright, tropical prints that are LILLY PULITZER. I am such a BIG fan of the vintage Palm Beach style so you can imagine how excited I was to hear, maybe Oct., that Lilly Pulitzer was launching a furniture line with HFI Brands in the Spring.  Well, I just checked the site this morning and it's looking more like summer? Will good things come to those who wait?...Let's hope so!

Love the chest in the back left!

                                                    Iconic Lilly Photo

Thinking Sunny thoughts-

                                                             

A tisket, a tasket...

Just got the new Pottery Barn catalog yesterday and loved the 2 page spread they had for baskets and storage (of course I couldn't  find it online).

PB.com

I am due for a little basket re-fresh in my house: kids rooms, kitchen table, coffee table.  Here are a few of my online picks.

Oh, if your house is for sale, baskets are a great way to corral the clutter before showings.

PB.com

Sky Mall.com



Country Living for kmart

Stay warm fellow Midwesterner's-Glad I got out last night:)

Ugly Cabinents-Just glos it!

Seriously cool product!  Completely change the look of a piece of furniture, kitchen cabinets, picture frames, bar stools-the possibilities are endless.

Here is what glos.com  has to say about their product

High tech self adhesive means no glues or weird chemicals

Can reposition while applying

Eliminates bubbling - just smooth bubbles away

Easy peel off removal and NO tacky residue and NO chemicals needed

Impervious to wet steamy conditions - perfect for kitchens and bathrooms




Some of my Fav's

What will you glos first??? 

Happy snow day!