David Shippey
863.521.4517

Winter Haven News

Posts filed under Winter Haven News



Hometown Heroes Loan Program Reaches $50 Million
Posted Mon, Jan 30th 2023 3:53 pm
The Hometown Hero Program has helped more than 3,500 buy homes with over $50 million provided in down payment and closing cost assistance. This Florida program has $100 million allocated so it is a...

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How to Build Up Your Credit Score in 2023!
Posted Tue, Jan 24th 2023 8:00 am
If you are thinking about a major purchase in 2023, such as a new home, make sure your credit score is in line if you want bank financing. If you need to build your credit up, here are some tips fr...

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FHA Loan Limits Announced for 2023
Posted Thu, Dec 8th 2022 9:00 am
The Federal Housing Administration announced the loan limits for 2023 at $472,030. This is the maximum loan amount allowed for this loan program in the Polk county area. To read the full article, ...

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Conventional Loan Limits in 2023 Announced
Posted Wed, Dec 7th 2022 9:00 am
The Federal Housing Finance Agency announced that conventional loan limits will be increased in 2023 from $647,200 to $726,200. To read this full article, Click Here.

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Interest rates are rising. Can I assume the seller's mortgage at their interest rate?
Posted Thu, Dec 1st 2022 9:59 am
At the time of this post, the average mortgage interest rate is about 6.58%. Although this rate is not at an all time high, it is still much higher than some of our low record interest rates of 2.8...

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Redfin Discontinues iBuyer Program
Posted Fri, Nov 11th 2022 10:49 am
Redfin has decided to discontinue their iBUYER Program due to the rising interest rates and cooling real estate market. As a result, Redfin will be laying off over 800 employees. Redfin had already...

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OpenDoor reports losses of $928,000,000 in 3Q 2022
Posted Mon, Nov 7th 2022 7:27 am
OpenDoor has announced losses of $928M in third quarter 2022. OpenDoor purchases the home from the seller, makes repairs to the home, and then sells the home for a profit. Unfortunately, with the d...

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VantageScore Approved for Mortgage Loans
Posted Thu, Oct 27th 2022 9:22 am
VantageScore is a new credit score model for buyers to qualify for a loan. The Federal Housing Finance Agency (FHFA) has approved this credit score model for Fannie Mae and Freddie Mac mortgage loa...

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Gasoline Prices Reduced in Florida for October
Posted Wed, Oct 5th 2022 8:00 am
With the coming of the Hurricane, I am sure many people forgot about the tax break in gasoline prices during the month of October in Florida. This came at a great time as many are still without pow...

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Opendoor reports losses of 42 percent in August 2022
Posted Wed, Sep 28th 2022 8:00 am
Opendoor shows losses of 42% in August of 2022 in some large cities. Opendoor may experience losses up to $175 million. For more details, Read Article.

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Things to Consider When Comparing Electric Companies to Solar Panels
Posted Fri, Aug 19th 2022 11:28 am
Many homeowners are considering and installing solar panels to help reduce electric costs in their homes. There are many items to consider such as who do I use, how much are my savings, when is the...

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I am Thinking about a Reverse Mortgage. What Should I know.
Posted Mon, Aug 15th 2022 10:08 am
Reverse Mortgages are very attractive to many homeowners wanting to tap into the equity in their home as they retire. Be sure to research the program thoroughly before committing to a Reverse Mortg...

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Zillow Decides to Partner with Opendoor
Posted Thu, Aug 11th 2022 8:00 am
Zillow has announced their partnership with Opendoor. Visitors will have the option of accessing Opendoor through Zillow's website as an option. Zillow recently cancelled their own Buying Program ...

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FTC Fines Opendoor for Misleading and Deceptive Information
Posted Tue, Aug 9th 2022 12:50 pm
The Federal Trade Commission fined Opendoor for misleading and deceptive information to sellers. Research found that most sellers that used Opendoor made much less than if they would have sold thei...

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How do Reverse Mortgages work?
Posted Wed, Jun 22nd 2022 8:00 am
Reverse Mortgages have several points to consider. Is it a good solution for you? This link will give you some of the basics to consider with a Reverse Mortgage. It is recommended to investigate th...

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Smart Appliances for your Home are Here
Posted Wed, Jun 15th 2022 9:56 am
What do you think about the Smart Appliances available today? There are refrigerators that can tell you when the doors have been left open, keep track when product is expiring, and cameras to let ...

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Hometown Heroes Housing Starts 6.1.2022
Posted Tue, May 24th 2022 3:58 pm
Florida has approved the Hometown Heroes Housing Program. This program will provide 0% Interest Loans to be used toward down payment and closing costs up to 5% of the loan or $25,000. This progr...

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10 Florida Tax Holidays in 2022
Posted Mon, May 23rd 2022 10:20 am
On May 6th, Governor DeSantis passed a tax relief package with these 10 benefits: 1. A one-month Fuel Tax Holiday from October 1, through October 31, 2022, saving Floridians $200 million by lowe...

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Need Down Payment Assistance to Purchase Next Home?
Posted Thu, May 5th 2022 10:01 am
Down payment assistance is still available to home buyers needing help with the down payment on their next home. There are loan products available such as FHA, VA, and USDA. USDA and VA offer 100% ...

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Sun n Fun Aerospace Expo 2022
Posted Sat, Apr 9th 2022 11:37 am
If you haven't experienced Lakeland's Sun n Fun Fly In, then hurry. The Sun n Fun Expo started April 5, 2022 and runs through April 10, 2022.The Expo started back in 1974 and has grown over the yea...

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