So...I'm still tracking the property on realtor.com and the price went down by $10,000! It all doesn't matter until Eddie finds a job, of course. On that front, he's had two interviews but no job offers.
Our apartment in Ditmas Park is pretty awesome, so maybe it's all a sign we need to stay in Brooklyn.
Monday, July 13, 2009
Wednesday, June 24, 2009
Mount Saint Mary/Saint Luke's Hospital Grant
Here's more information on applying for the Homeownership Incentive Grant from Mt. St. Mary and St. Luke's Hospital.
The grant is for $10,000 towards the downpayment/closing cost/renovation of your prospective home, if it is located within a certain radius of the college and hospital. It is basically within the boundaries of Robinson, North, Liberty and Broadway. Grants are first distributed to employees of either institutions, but the grant becomes available to community members in July (2009).
The grant is administered through Pathstone/Rural Opportunities. In order to be eligible, you have to meet the income requirements ($43,050 for a one-person household, $49,200 for a two-person, $55,350 for a three-person, $61,500 for four-person, etc.) and then attend the first-time homebuyer's course.
The next information session for the homebuyer's course is Monday, June 29, 2009. It takes place in Newburgh on 36 Chambers Street at 5pm.
The number for Pathstone/ROI is (845) 569-0770. For more information, there is a recorded message on ext.1.
The grant is for $10,000 towards the downpayment/closing cost/renovation of your prospective home, if it is located within a certain radius of the college and hospital. It is basically within the boundaries of Robinson, North, Liberty and Broadway. Grants are first distributed to employees of either institutions, but the grant becomes available to community members in July (2009).
The grant is administered through Pathstone/Rural Opportunities. In order to be eligible, you have to meet the income requirements ($43,050 for a one-person household, $49,200 for a two-person, $55,350 for a three-person, $61,500 for four-person, etc.) and then attend the first-time homebuyer's course.
The next information session for the homebuyer's course is Monday, June 29, 2009. It takes place in Newburgh on 36 Chambers Street at 5pm.
The number for Pathstone/ROI is (845) 569-0770. For more information, there is a recorded message on ext.1.
Thursday, June 11, 2009
Plan B
Our new timeline:
June
Eddie finds a job *right now*!
July
Receive grant from Mt. Saint Mary College/St. Luke's Hospital ($10,000)
Receive RECAP grant ($24,000)
August
Apply for mortgage. This time, if we get the grants (to cover the 20% downpayment), we'll try for a traditional mortgage and renovation loan. Hudson Valley Federal Credit Union offered a great rate for that combined loan (less than 5.5%) and the closing costs were half what it is for an FHA loan. Plus, no mortgage insurance.
September
Close on the house. Maybe. Hopefully.
June
Eddie finds a job *right now*!
July
Receive grant from Mt. Saint Mary College/St. Luke's Hospital ($10,000)
Receive RECAP grant ($24,000)
August
Apply for mortgage. This time, if we get the grants (to cover the 20% downpayment), we'll try for a traditional mortgage and renovation loan. Hudson Valley Federal Credit Union offered a great rate for that combined loan (less than 5.5%) and the closing costs were half what it is for an FHA loan. Plus, no mortgage insurance.
September
Close on the house. Maybe. Hopefully.
Monday, June 8, 2009
In the Meantime...
While Eddie is looking for a new job, I'm thinking of how to fill up blog posts until we finally get our house. I'm not qualified to write about much...maybe post pictures of my stamp collection or my japanese pen collection. I'm obsessed with these Hi-Tec-C Pilot pens:
Wednesday, June 3, 2009
Backtracking
Everytime I think we're going to get the house, something happens and I have to backpedal. Well, Eddie lost his job and now we have to postpone buying the house - once more. Hopefully something will turn up soon before it gets vandalized, again. There is already an emaciated pit bull chained to the backyard and signs of squatters in the carriage house.
Thursday, May 21, 2009
The face of indignance
This is my handsome kitty, Tracer. He's upset that we're going to move to NEWBURGH!!!That's right. We got the loan today, and our contractors are submitting paperwork to be validated. And with luck they will be.
Don't worry about Tracer. He's moved at least 12 times.
Monday, May 18, 2009
A new day...
Two amazing things happened this weekend:
1) My first Woody Allen sighting!!! I have lived in New York for six years, plotted to stalk him for at least four of those years, and then magically, he sits one row in front of me at the Martha Graham Dance Company performance Friday night. Soon-yi was there as well as two children, both of whom did not look like his. Plus, he carried his floppy hat in his back pocket.
2) Less importantly, we met a new contractor over the weekend, he looked over the house, and said he could rehab it in our budget! We have to check his references, but he was very professional, knowledgeable, and extremely optimistic.
We also had lunch with Door Sixteen blogger Anna, and her husband, Evan. They've been living in Newburgh for four years, three in their amazing house. They gave us a little tour of their home and it looks more amazing in person than in the photos on her blog (which are still amazing). They also gave us a lot of great tips, so hopefully, we'll be able to speed up this process.
So...off to email the contractors our FHA 203K work write-up, documents the bank needs them to fill out, and some inspirational photos/clippings.
1) My first Woody Allen sighting!!! I have lived in New York for six years, plotted to stalk him for at least four of those years, and then magically, he sits one row in front of me at the Martha Graham Dance Company performance Friday night. Soon-yi was there as well as two children, both of whom did not look like his. Plus, he carried his floppy hat in his back pocket.
2) Less importantly, we met a new contractor over the weekend, he looked over the house, and said he could rehab it in our budget! We have to check his references, but he was very professional, knowledgeable, and extremely optimistic.
We also had lunch with Door Sixteen blogger Anna, and her husband, Evan. They've been living in Newburgh for four years, three in their amazing house. They gave us a little tour of their home and it looks more amazing in person than in the photos on her blog (which are still amazing). They also gave us a lot of great tips, so hopefully, we'll be able to speed up this process.
So...off to email the contractors our FHA 203K work write-up, documents the bank needs them to fill out, and some inspirational photos/clippings.
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