Did you know that CPS teachers are eligible for a grant of up to $7,500 that can be used toward closing costs of a home purchase? What a great way to give back to the teachers of Chicago who spend their days educating today?s youth.
Author Archives | Jamie Franz
What’s the Minimum Credit Score for a Mortgage?
Written by: Jamie Franz - September 3, 2009
Do you know what the minimum credit score is to qualify for a home mortgage? Currently it?s a mid credit score of 620, but this may change very soon to 640. In fact, some banks have already stopped taking loan applications with a 620 mid score. What’s a Mid Credit Score? When applying for a […]
How Can a FHA 203(k) Loan Work For You?
Written by: Jamie Franz - January 19, 2009
Looking to do some improvements on a home you want to purchase, but you don?t have the money to do it or the bank won?t lend on the property because the collateral isn?t in acceptable condition? The Federal Housing Administration (FHA) 203(k) loan may be your answer. What Is a FHA 203(k) The FHA 203(k) […]
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Written by: Jamie Franz - October 27, 2009
Comments Off on CPS Grants a Perk for Chicago School Teachers