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Residential Montana Real Estate Statistics 2009

Builders of Residential Montana Real Estate...

And builders of homes in the rest of the Northwest region of the US in 2009 began building residential properties, including condominiums and town houses, at a rate of between 8 and 9 percent.

Fifty-nine percent of year 2009 home sales throughout the United States have been incumbent upon FHA, VA, or USDA home loan programs.

In the Northwest Region of the US the rate of the use of these government loan programs has been fifty-one percent:

1. Veteran's Administration (VA) loans, eleven percent.
2. Federal Housing Administration (FHA), thirty-four percent.
3. United States Department of Agriculture (USDA), six percent home financing programs

Throughout the United States in 2009, the use of one of these three government home mortgage loan programs was through a No-Equity high home Loan-To-Value (LTV) rate of between ninety-six and a half and one hundred percent, which basically means home buyers were able to secure a home loan almost equal to, or in some cases equal to or greater than, the home's value at the time of purchase. Some LTV loans surpass a home's assesed value by as much as 25 percent!

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2 commentsTaunya Fagan • November 03 2009 12:47PM
Residential Montana Real Estate Statistics 2009
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Builders of Residential Montana Real Estate.. And builders of homes in the rest of the Northwest region of the US in 2009 began building residential properties, including condominiums and town houses, at a rate of between 8 and 9 percent. Fifty… more