News

One of the Best Mortgage Refinance Companies in Louisville

Nov 17

12:28

2021

Category | General

American Mortgage Service Company was named as one of the top 15 Mortgage Companies in Lousiville by Expertise.com.

Expertise.com scored 305 Mortgage Refinance Companies in Louuisville, KY and picked the top 15. American Mortgage Service Company was one of the 15 picked!

Top Lender for KHC

Mar 12

3:44

2021

Category | Kentucky Housing

American Mortgage Service Company was recognized as a Top Producing Lender for Kentucky Housing Corporation in 2020!

The Kentucky Housing Corporation (KHC) offer down payment assistance and mortgage tax credits to both first-time and repeat buyers.

If you are intered in learning more about KHC please reach out to one of our Kentucky licensed loan officer.

What People Look for in a Real Estate Agent

Apr 22

12:23

2019

Category | Homebuying

You spend a lot of time trying to build your real estate business through marketing efforts, referrals, and other resources. Unless you are offering what buyers and sellers are looking for in a real estate agent, however, you will have a lot of trouble finding repeat clients and referrals in the market. Once you know what people are looking for, you can start to market toward that and attract more clients than ever before.

What Buyers Are Looking For

There are many different kinds of buyers and you need to know what each of them are looking for. For example, first time home buyers are looking for someone who is very knowledgeable and can walk them through every part of the process with ease. Investors, on the other hand, are looking for something a bit more transactional as well as a lot of data. Most of them are looking for someone who can be aggressive when it comes to finding great deals. Out of town buyers will rely on you to be very thorough since they cannot be there to do that themselves. To be successful, you need to be able to identify the type of buyer you are dealing with to better serve them. All buyers will expect you to have a deep knowledge and understanding of the area so you can provide them with the insight before they purchase.

What Sellers Are Looking For

Sellers tend to be a lot less complex than buyers. On the surface, most of them are just looking for a real estate agent that can sell their home quickly and get them top dollar for the listing. You will not be able to do that for every home but you need to be able to tell people what is realistic and what they can do to get the job done faster, such as repairs or some landscaping. Not everyone will take your advice but when they do, it will make your job easier and you will be able to better impress them when it sells faster and for a great price. The best thing you can do with sellers is provide them with the best expectations so they do not come in with something unrealistic that will ruin their image of you in the end. If the seller cannot come closer to those realistic expectations, they may not be the best customer to rely on for referrals.

Basic Skills all Clients are Looking For

In the end, when it comes to some pretty basic skills, it will not matter whether or not you are working with buyers or sellers. All of your clients will expect you to have these basic skills when they hire you to be their real estate agent:

Negotiation skills
Knowledge of the area and neighborhoods
Knowledge of the buying and selling process
Knowledge of the contracts used during the process
Communication skills
Responsiveness
Honesty and integrity

There are, of course, other skills that they will expect you to have such as basic people skills and technical skills as it pertains to the industry. As you get further along in your career, you will get better with the technical skills but you will need to actively work on your people skills if they are not as great as you would like them to be.

Once you have all of these skills mastered, you are ready to take on the real estate world and become a successful agent in the market of your choosing. Even if you have not mastered these skills, you should begin to work more and more on them so you can give your clients the best you can offer. Over time, you will begin to master all of them.

Ohio First Time Homebuyer Program 2019

Mar 5

11:29

2019

Category | First Time Home Buyer

First Time Homebuyer Programs

https://myohiohome.org/firsttimehomebuyer.aspx

Eligibility Criteria

Applicants must meet OHFA Income limits.

Properties must meet purchase price limits which can vary by county.
- View OHFA's income and purchase price limits

Applicants must meet debt to income ratios for their loan type.

Credit score requirements
- Conventional, USDA, VA, and FHA 203(k) Loans: 640 or Higher
- FHA Loans (Non-203(k)): 660 or higher. Credit scores of 650-659 are acceptable for an additional fee.

Applicants must purchase a qualifying property that is limited to two acres within a municipal corporation and five acres outside a municipal corporation, unless additional acreage is required by local health or safety code. Qualifying properties include the following:
- Existing homes: single-family dwellings, conforming condominiums, duplexes, and up to four-unit properties.
- Newly built spec/nearly completed homes: one-unit single-family dwellings.
- Modular Homes; one-unit single family dwellings

Additional requirements may apply to specific homeownership products

Please contact us today for more Information.

For more articles and updates, subscribe below.

First Time Home Buyer Programs for 2019 by State

Feb 5

10:03

2019

Category | First Time Home Buyer

Alabama

http://www.ahfa.com/homebuyers

Programs

Affordable Income Subsidy Grant

http://www.ahfa.com/homebuyers/programs-available/affordable-income-subsidy-grant

Mortgage Credit Certificate

http://www.ahfa.com/homebuyers/programs-available/mccs

Alaska

https://www.ahfc.us/buy

Programs

Tax-Exempt First-Time Homebuyer Program

https://www.ahfc.us/buy/loan-programs/first-time-loans

Taxable First -Time Homebuyer Program

https://www.ahfc.us/buy/loan-programs/first-time-loans

Arizona

https://housing.az.gov/general-public/home-plus

Home Plus Program

https://housing.az.gov/general-public/home-plus

Arkansas

Programs:

California

https://www.calhfa.ca.gov/homebuyer/programs/index.htm

Programs

First Mortgage Programs

CalHFA Conventional Loan Program

https://www.calhfa.ca.gov/homebuyer/programs/conventional.htm

CalPLUS Conventional Loan Program

https://www.calhfa.ca.gov/homebuyer/programs/calplus-conventional.htm

Government Insured Loans

CalHFA FHA Loan Program

https://www.calhfa.ca.gov/homebuyer/programs/fha.htm

CalPLUS FHA Loan Program

https://www.calhfa.ca.gov/homebuyer/programs/calplus.htm

Cal-EEM + Grant Program

https://www.calhfa.ca.gov/homebuyer/programs/eem.htm

CalHFA VA Loan Program

https://www.calhfa.ca.gov/homebuyer/programs/va.htm

Down Payment Assistance Programs

MyHome Assistance Program

https://www.calhfa.ca.gov/homebuyer/programs/myhome.htm

School Teacher and Employee Assistance Program (School Program)

https://www.calhfa.ca.gov/homebuyer/programs/school.htm

Mortgage Credit Certificate Tax Credit Program

Mortgage Credit Certificate Tax Credit Program (MCC)

https://www.calhfa.ca.gov/homebuyer/programs/mcc.htm

Colorado

https://www.chfainfo.com/homeownership

Down Payment Assistance

https://www.chfainfo.com/homeownership/down-payment-assistance

Connecticut

https://www.chfa.org/homebuyers/

HFA Advantage and HFA Preferred

https://www.chfa.org/homebuyers-homeowners/homebuyers/hfa-preferred-mortgage/

Homebuyer Mortgage Program

https://www.chfa.org/homebuyers-homeowners/homebuyers/homebuyer-mortgage-program/

Down Payment Assistance Program (DAP) Loans

https://www.chfa.org/homebuyers-homeowners/homebuyers/downpayment-assistance-program-dap-loan/

Delaware

http://www.destatehousing.com/HomeOwnership/HomeOwnership.php

Home Ownership Programs

Home Ownership Loan Program

http://www.destatehousing.com/HomeOwnership/hb_sfmrb.php

Delaware First-Time Homebuyer Tax Credit

http://www.destatehousing.com/HomeOwnership/hb_fthb.php

Neighborhood Stabilization Program (NSP)

http://www.destatehousing.com/HomeOwnership/dv_nsp.php

Downpayment and Closing Cost Assistance

Preferred Plus

http://www.destatehousing.com/HomeOwnership/hb_sfmrb.php#pp

Home Repair Programs

The Statewide Emergency Repair Program (SERP)

http://www.destatehousing.com/HomeOwnership/homeownermedia/serp_card.pdf

Community Development Block Grants (CDBG)

http://www.destatehousing.com/Landlords/dv_cdbg.php

Foreclosure Prevention Programs

Delaware Emergency Mortgage Assistance Program (DEMAP)

http://www.destatehousing.com/HomeOwnership/hb_demap.php

Manufactured Housing Assistance Program (MHAP)

http://www.destatehousing.com/HomeOwnership/hb_mhap.php

Wilmington Senior Tax Assistance Program

http://www.destatehousing.com/HomeOwnership/hb_wstap.php

Florida

http://www.floridahousing.org/

Mortgage Credit Certificate Program

https://www.floridahousing.org/programs/homebuyer-loan-program-wizards/mortgage-credit-certificate-program-wizard

Florida Homebuyer Loan Program

https://apps.floridahousing.org/StandAlone/FTHBWizard

Georgia

https://www.dca.ga.gov/safe-affordable-housing/homeownership

State Home Mortgage

https://www.dca.ga.gov/safe-affordable-housing/homeownership/state-home-mortgage

Georgia Dream

https://www.dca.ga.gov/safe-affordable-housing/homeownership/georgia-dream

HomeSafe Georgia

https://www.dca.ga.gov/safe-affordable-housing/homeownership/homesafe-georgia

Housing Counselor Resources and Training

https://www.dca.ga.gov/safe-affordable-housing/homeownership/housing-counselor-resources-training

Hawaii

http://dbedt.hawaii.gov/hhfdc/