Steamboat Real Estate Home Search and Blog

Even though half the Steamboat real estate buyers of 2011 paid cash, it’s worth taking a look at today’s mortgage rates.  Combine a sub-4% interest rate with Steamboat real estate discounts of 30%, 40%, even 50% in some segments of the market, and you can see why buyers are back. Some Steamboat properties are definitely [...]

Getting financing to purchase Steamboat real estate is challenging, especially if you are looking to put as little money down as possible.  FHA-insured mortgages may seem attractive at first because they only require a 3.5% down payment, but are they a better value? Usually not. The general rule is if you have the extra down [...]

Some of the best values in Steamboat real estate right now are bank-owned Steamboat foreclosures or short sales.  Many of these properties would be great if you could buy them at a good price then fix them up.  If you are handy and want to buy a Steamboat Springs home that needs some work, but [...]

If you’re looking to finance Steamboat real estate, pay attention to these new rules coming out in January.   This post is guest-authored by Kathryn Pedersen and Holly Rogers, mortgage brokers at Yampa Valley Bank: Fannie Mae will be changing their debt ratio guidelines as of the first of January. Debt ratio is total debt [...]

First time homebuyers who procrastinated about buying Steamboat Springs real estate may not lose out after all. And as an added bonus, current homeowners could be eligible for a new $6500 tax credit. Real estate investors will not benefit. This tax credit extension and new credit for current homeowners has not passed Congress yet, but [...]

This post is written by Holly Rogers, a mortgage lender in Steamboat with over 20 years experience.  You can email Holly or call her at (970) 875-1636. It is a very exciting time to be a first time buyer in Steamboat Springs with the $8,000.00 tax credit, historically low interest rates and a large inventory [...]

This post is guest authored by Ed Allbright, a certified mortgage planner and owner of Columbine Mortgage here in Steamboat Springs: WHAT happened to RATES this week? Buyers need to get off the fence! Glad you asked. In a short sentence too much debt chasing too few investors with real cash. Rates on 30 year [...]

Steamboat Springs has several new condominium projects like Howelson Place, Alpenglow, the Olympian, Edgemont, Trailhead Lodge, One Steamboat Place and the Victoria coming on the market this year and next year. As of March 1, Fannie Mae has made it harder to get financing. Fannie Mae is no longer guaranteeing mortgages in condo buildings where [...]

Whether you are planning on buying Steamboat real estate or looking for a new job, your credit score matters more than ever in this challenging economic environment. Everyone–high income earners to first time home buyers–needs higher scores now to qualify for loans. High net worth individuals may think that paying cash and keeping money in [...]

Just last summer, you could write an offer and leave out the financing contingency even if you expected to get a loan.  You sat across from a mortgage broker who said, “You need $10,000 a month in income to qualify for this loan.  What do you make?”  Even those who earned less could say, “$10,000″ [...]