Great News! The Continuing Resolution was passed, so the USDA eligibility maps will remain unchanged until September 30, 2013. This is great news for individuals wanting to purchase a home using the USDA loan. The map below is the existing eligibility map for Desoto County - to include Shelby County, TN.   To find about more about the USDA eligibility areas, click HERE.       Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company." NMLS ID #2289. An Equal Housing Lender. All loans are subject to credit approval and compliance with investor guidelines.   Know your mortgage options! 03/27/2013

Congratulations to Fairway Independent Mortgage Corp for ranking #11 in the TOP 100 Mortgage Companies in America in 2011 by Mortgage Executive Magazine.   Here is the link to the list - TOP 100 Mortgage Companies             For more information please contact DOUG CAPPS at (662) 429-5100 ext. 105.  NMLS ID #68160.   Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company." NMLS ID #2289. An Equal Housing Lender. All loans are subject to credit approval and compliance with investor guidelines.  Fairway Independent Mortgage Corp is not affiliated with USDA Rural Development.   Know your mortgage options! 03/07/2012

Per FHA Mortgagee Letter 2012-03, FHA will be adopting a few more changes effective 04/01/2012.  One of the changes is regarding collection accounts.  This could impact many borrower’s ability to qualify or possibly delay a borrower in qualifying for the FHA loan.   Excerpt below:                                OLD Guidance                                                            NEW Guidance   HUD 4155.1 4.C.2.e FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before the mortgage loan is eligible for FHA insurance endorsement. If the total outstanding balance of all collection accounts is equal to or greater than $1,000 the borrower must resolve the accounts (e.g. entered into payment arra... 03/06/2012

Southaven MS HUD Home in Plum Point Villages  ************  S O L D *************** Call or email for a list of HUD homes and foreclosures! 3 bedroom, 2 bath HUD Home in Plum Point Villages in Southaven MS.  Priced at $107,500, this home needs a little TLC to make it shine like new.  Large breakfast nook with bay window off the kitchen as well as formal dining area.  Large greatroom with beautiful gas fireplace.  Very large expandable upstairs. The deadline to bid on this Southaven MS HUD Home is 9/12/10.  This home can be purchased with cash, conventional or FHA 203k rehab loan.  You must be pre-qualified for a loan in order to place a bid.       For more information on HUD Homes, see the MS HOME INFO HUD HOME FAQ.   *********************************************************************... 09/03/2010

HUD Home in Southaven MS *****S O L D**** Call or email for a list of HUD homes and foreclosures! HUD Home in Deerchase Subdivision of Southaven MS.  Walking distance to one of the most sought-after schools in Desoto County MS (Desoto Central).  This 3 bedroom, 2 bath home with unfinished expandable over garage is priced at $128,500. Less than 5 years old, this 1,600+ square foot home is being offered with FHA-insured financing with an escrow for repairs.  The bid deadline is 8/19/10.  Possible $100 down for FHA buyers.             HUD HOME FAQ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam. About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates,... 08/13/2010

Southaven MS HUD Home in Greenbrook Subdivision ****S O L D*** Call or email for a list of HUD homes and foreclosures! This 3 bedroom, 2 bath HUD Home in Greenbrook Subdivision is offered at $54,000.  The bid deadline is 8/15/10.  Southaven MS is located in Desoto County MS just south of Memphis, TN. Payment for this home can be in the form of conventional financing, cash or an FHA-203(k) rehab loan.                         HUD HOME FAQ ********************************************************************************** If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam. About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2010 by Pam Simpson.  All rights reserved. FOR BUYERS:  Bu... 08/13/2010

Southaven MS HUD Home ***SOLD ($10,000 OVER LIST)*** This HUD owned home in Southaven MS is priced at an incredible $85,000. 1838 Cherry Creek Dr.Southaven, MS  386713 bedrooms, 2 bathrooms This Southaven MS HUD Home in the Central Park neighborhood features a split bedroom plan, bay window at breakfast nook, double garage, and fenced backyard.   This home is offered with FHA financing (with an escrow for repairs).  Right now, there is a special $100 downpayment FHA program offered on this home.  You MUST be pre-qualified by a lender in order to place a bid for this home.   For more information on this home or any other HUD Home in Northwest MS, contact Pam Simpson at 662-560-8402. 04/05/2010

Southaven MS Homes for First Time Homebuyers Ross Pointe Farms is a popular Southaven MS neighborhood, especially for first time homebuyers and empty-nesters.  This subdivision is divided into 2 sections.  The larger section consists of  2 and 3 bedroom homes of approximately 1,100 to 1,440 sqare feet.  Some of these homes have attached garages while many have uncovered parking pads.  These Ross Pointe Farms homes are zero-lot size for minimal yard maintenance. There is a small section at the northwest entrance of the neighborhood that consists of 3 and 4 bedroom homes that go up to 1,600 square feet.  Homes in this section were all built with double garages and are on larger lots. Ross Pointe Farms is located just off of Church Rd. between I-55 and Highway 51.  This Southaven MS neighb... 04/03/2010

Southaven MS HUD Home - 2688 Austin James   3 bedroom, 2 bath HUD home in new section of Deerchase Subdivision. This home has a finished bonus room with a closet above the garage. Only 3 years old - brick exterior - security system installed. $133,000Offered with FHA insured financing with an escrow for repairs.         *************************************************************************************About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2010 by Pam Simpson.  All rights reserved. FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer Guide FOR SELLERS:  Pricing, Selling Tips    LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, Southaven C... 03/02/2010

Southaven MS HUD Home For Sale   1128 Richland Dr.Southaven, MS $88,500 3 bedrooms, 2 bathroomsFireplaceDouble Garage offered with FHA insured financing with escrow repair Bid Deadline:  1/17/2010   Possible $100 down for owner-occupants *******************************************************************************About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2010 by Pam Simpson.  All rights reserved.. FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer Guide FOR SELLERS:  Pricing, Selling Tips    LOCAL COMMUNITY INFO:  Tate County Community, Memphis Community, Southaven Community, Hernando Community MARKET REPORTS:  Foreclosure Report, Hernando MS Report, Oli... 01/09/2010

Southaven MS HUD Homes For Saleby Pam SimpsonThe Kudzu Vine   1864 Coral HillsSouthaven, MS$52,0003 bedrooms, 1.5 bath FHA Financing possible with Escrow for Repair$100- down available for owner-occupants BID DEADLINE:  12/27/09            7630 RockinghamSouthaven, MS$70,0003 bedrooms, 1.5 bath FHA Financing possible with escrow for repair$100 down available for owner-occupant BID DEADLINE:  12/27/2009            ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^About the author:   Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2009 by Pam Simpson.  All rights reserved...***Southaven MS HUD Homes For Sale*** FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates, First Time Homebuyer ... 12/18/2009

Rent To Own! 50% rent credit! 4 bedroom 2 bath 2000 square foot home in beautiful South Haven, MS!! Home sits on 1/4th of an acre and is fenced and landscaped! There is wireless internet provided by the city. There is a 2 car garage with a patio in the back and a hot tub! It is a brick sided house with tile flooring and marble countertops! Home has central natural gas heat with A/C!! Rent is $1500/mo and first months rent and low down required to move in. Please contact us with any questions or visit us at http://www.50statesrent2own.com.  Until next time.... Pete Olsen Rent To Own Homes, LLC www.50statesrent2own.com www.activerain.com/blogs/peteolsen01     03/02/2009

It's not late - Honor a Veteran and tell them about the City of Southaven's Annual Veteran's Luncheon In observance of Veteran's Day, Tuesday, November 11, 2008 Mayor Greg Davis and the City of Southaven will host the Annual Appreciation Luncheon in honor of military veterans. The luncheon will be held at the Arena at Southaven located at 7360 Highway 51 and will begin at 11:30 a.m.                 All veterans are urged to make their reservations early. There will also be a memorabilia table set up for exhibiting pictures and awards, so bring mementos if you wish.               The luncheon is free to veterans and admission for guests will be $10.00. All branches of the service will be recognized. Please make your reservations now by calling the Mayor's Office at Southaven City Hall a... 11/11/2008

Southaven, MS Market Report   The Southaven real estate market is not experiencing as much of a decline as many areas of the country are at present.  However, the numbers are not as good as we all would like to see them.  Through April 30, 2008 Southaven recorded 221 residential home sales compared to 377 for the same time frame in 2007.  This is slightly more than a 41% decrease in units sold in just one year.  The average list price of a home in April 2008, was $161,998 compared to $163,557 in April 2007.  That means that, in general, Southaven homeowners are listing their homes about 1% lower in 2008 than in 2007.  Furthermore, the average sales price in April 2008 was $158,646 compared to $160,995 in April 2007.  This is only a 1.5% decrease in sales price from 2007 to 2008.   Altho... 05/21/2008

Senior Real Estate Specialist, Susan East, Embarks on her 3rd Annual Senior Expo Susan East's LifeStyle Transitions hosts North Mississippi Senior Expo Friday May 9, 2008 9am - 2pm at the Southaven Arena on Highway 51Crye-Leike, Realtors is proud to pledge its support to Senior Real Estate Specialist Susan East as she embarks on her 3rd Annual North Mississippi Senior Expo. The event is an extension of her advocacy and passion for assisting seniors. History Behind the Event"As a Real Estate agent, I have encountered numerous clients who are experiencing changes in their lives," said East. "Among those changes are the selling of their residence and relocation to a senior community or assisting living facility." East is the founder of LifeStyle Transitions, a non-profit organization assis... 02/14/2008

Don't ever let a loan originator or loan officer convince you that "shopping around" will negatively affect your credit scores.This is typically a scare tactic that some loan originators use to retain your business -  possibly from finding a lower interest rate or better program elsewhere. Or, this could mean that this loan originator is unknowledgeable that the law had changed and just didn't know.  The fact is you "should" shop around!  This is your right as a consumer and is covered by the FACT Act, which is regulated by the Federal Trade Commission.Here is how it works:  Mortgage credit inquiries within a 14 day window only count as "1" inquiry.  And... credit inquiries only account for 10% of your total credit score.  So what does this mean?  You can effectively shop with multiple ... 07/27/2007

Shopping for a mortgage can be a very confusing process, especially if you're a first-time home buyer.  It is very important that you shop around and compare offers from different lenders.  Don't just take one offer from one lender.  By doing this you can choose the best offer and one that best serves your individual needs.One way to compare different offers from various lenders is the Good Faith Estimate (GFE).  A GFE breaks down the total estimated costs associated with buying a home.  When comparing these offers, be sure to not only look at the interest rate offered, but also the estimated monthly payment.  There are loan programs available that may have a higher rate of interest, but have a lower overall monthly payment.Closing costs are actually broken down into two categories:  Es... 07/27/2007