Category Archives: FHA

FHA Approved Condos in Chicago

Posted on January 10, 2014 by Mark Killion

Hello to all my blog readers out there. I will use this new post to inform you of condos that are FOR SALE AND FHA APPROVED! As you might know, most condo buildings and associations are NOT approved for FHA … Continue reading →

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What every buyer should know about condo financing

Posted on March 13, 2013 by Mark Killion

Financing a condo can be tricky.
Here are some important questions to ask the listing
broker BEFORE you submit an offer on a condo: Continue reading →

Posted in Chicago, Chicago Real Estate, Chicago Relocation, condo, condo financing, FHA, financing | Tagged , , , , , | Comments Off

Closing Costs

Posted on August 29, 2010 by Mark Killion

Closing Costs in Illinois The Chicago Tribune published an article today on the topic of closing costs. According to a recent study, closing costs average $3,500 in Illinois. This would be for purchases which required financing. For cash transactions, closings … Continue reading →

Posted in Chicago, Chicago neighborhoods, Chicago Real Estate, Chicago Relocation, FHA, financing, Real Estate | Leave a comment

FHA Approved Condos

Posted on August 22, 2010 by Mark Killion

Many potential buyers don’t realize that most condos are NOT FHA approved. FHA prefers to insure loans on single-family homes, two-to-four unit properties, and some mixed-use properties. So in order to buy most condos, you will have to use conventional … Continue reading →

Posted in bronzeville, Chicago, Chicago neighborhoods, Chicago Real Estate, Chicago Relocation, FHA, financing, HYDE PARK, Kenwood, Real Estate, South Loop | Tagged , , , , , , | 1 Comment

Seven steps to buying your home

Posted on March 8, 2009 by Mark Killion

Seven steps to buying your home 1. Define your needs. Congratulations on your decision to purchase a new home! It is important to select a professional real estate agent to work with you before you begin house hunting, so that … Continue reading →

Posted in bronzeville, Chicago, Chicago neighborhoods, Chicago Real Estate, Chicago Relocation, FHA, financing, HYDE PARK, Logan Square, Pill Hill, Real Estate | Leave a comment

FHA Condo Financing

Posted on March 8, 2009 by Mark Killion

FHA approved financing for condos is hard to come by. FHA has strict requirements for approving a condo for financing. This is unfortunate, because the current credit crunch is making it more difficult to obtain condo financing. Most conventional programs … Continue reading →

Posted in bronzeville, Chicago Real Estate, FHA, financing, HYDE PARK, Real Estate, Uncategorized | Leave a comment

FHA Financing – Chicago Real estate’s beacon of hope

Posted on March 8, 2009 by Mark Killion

Banks have really tightened their credit standards. “Credit crunch” is now a household term and it has hit main street hard (not to mention King Drive). It is tough to qualify for a conventional loan right now. The days of … Continue reading →

Posted in Chicago Real Estate, FHA, financing, Real Estate | Leave a comment