We Specialize In These Omaha Area Communities

Bennington - Waterloo - Blair - Papillion - Bellevue - Gretna - Valley
Ralston - Elkhorn - Fort Calhoun - Wahoo - Midtown - Millard

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What New Loan Programs Are There for Omaha Buyers?


          

The Omaha area has an excellent variety of homes within a vibrant market of both buyers and sellers. If you're considering purchasing property in Omaha, GO HERE to perform a Full Home Search, or if you're thinking about selling your property, CLICK HERE for a Free Home Value Report. For any other questions you have regarding current market trends or your own home's value, please don't hesitate to call me at (402) 614-6922, or email me at adam@brileyhomes.com.

Hey guys, today I wanted to bring in Jeremy Wilhelm, one of our preferred lenders at Private Mortgage Group to talk to you about some exciting new loan programs that are out there for buyers in the Omaha metro. 

There are 2 different programs that we are going to talk about today. The first is for first-time home buyers who might have less than perfect credit. With this program, you purchase a property, and take it "as-is", with no repairs done or negotiated. This option allows you to go in, renovate the property to your specifics, and allow you to get the home quickly and inexpensively. 

Another program is a conventional program called the HomeStyle program. This program allows people to do renovations with a loan all the way up to $417,000. This means renovating basements, adding pools, and other things that clients were told in the past weren't an option, are now an option with this program. New construction is very popular right now, and homes without finished basements are a perfect candidate for this type of loan. With conventional financing, you can get in with 5% down, and with an FHA loan you can get in only paying 3.5% down. 

If you have any questions about mortgages, feel free to give Jeremy a call at (402) 210-8352.

If you have any other questions, don't hesitate to reach out to us. We look forward to speaking with you!

Why Is FHA Financing a Great Choice Right Now?



The Omaha area has an excellent variety of homes within a vibrant market of both buyers and sellers. If you're considering purchasing property in Omaha, GO HERE to perform a Full Home Search, or if you're thinking about selling your property, CLICK HERE for a Free Home Value Report. For any other questions you have regarding current market trends or your own home's value, please don't hesitate to call me at (402) 614-6922, or email me at adam@brileyhomes.com.

Hey everyone, today we wanted to send you a quick update about some changes in the mortgage world you need to know about. We have invited mortgage professional Jeff Williamson here today to take us through all the news.

Recently, there have been some changes to FHA mortgage insurance premiums. Over the last few years, those premiums have been on the rise, and a lot of people have deferred from FHA financing because of the high premiums. However, FHA recently announced a 50-point reduction for new loans. To give you an idea of the kinds of savings people are seeing, imagine you bought a house last year at $160,000. Your monthly mortgage insurance premium payment with this home is right around $175. 

Now, if you were to buy the same house this year, your premium payment would be lowered significantly, down to about $115 a month. You're looking at a $60 per month savings each month with these lower premiums.

In addition to this, FHA mortgage rates are down to around 3.5%, making homes even more affordable.
 Right now is a perfect time for first-time home buyers to enter the market because the low premiums, low rates, and low down payments are working together to make home ownership more affordable than ever.

If you have any questions about mortgages, feel free to give us or Jeff a call. We would be more than happy to help.

What Can You Expect for Omaha Real Estate in 2015?



The Omaha area has an excellent variety of homes within a vibrant market of both buyers and sellers. If you're considering purchasing property in Omaha, GO HERE to perform a Full Home Search, or if you're thinking about selling your property, CLICK HERE for a Free Home Value Report. For any other questions you have regarding current market trends or your own home's value, please don't hesitate to call me at (402) 614-6922, or email me at adam@brileyhomes.com.

Omaha Real Estate Agent
Today we want to give you 5 key points about the 2015 real estate market that are being made by chief economists and forecasters across the country. These tips will give you a better picture of what will happen in the market this year, and help you navigate it better, whether you are a buyer, seller, or both.

1. Interest rates

They are probably going to rise this year. They have been kept down artificially in the past, but are going to rise as the economy continues to recover.

2. Millennials

Millennials, or people between the ages of 25-34, are going to make up 60% of home buyers this year. These first-time home buyers and those looking to move up will have the biggest impact on our market in 2015

3. New Construction

Another theme of 2015 will be the rise in new construction. We are seeing a ton of new construction right now in places like Elkhorn, Gretna, and Papillion. This will be another huge part of our market this year.

4. Credit

Credit is still going to be a huge factor in real estate. There are strict requirements on credit scores for buyers, but we can help. We have some great lenders who can help guide you and advise you on what your next step should be.

5. Foreclosures are gone

Those bargain, bank-owned properties we saw after the housing market bubble in 2008 are nearly all gone. If you are waiting for a steal, you will be disappointed. Don't miss the boat on low interest rates by being set on buying a foreclosed home.
 

If you have any questions for us, we would love to be of assistance. Just give us a call or send us an email and we will get right back to you.