Caroline Bianchi - RE/MAX Acclaim Worcester County | Oxford MA Real Estate



363 Main Street, Oxford, MA 01540

Single-Family

$330,000
Price

11
Rooms
4
Beds
3
Baths
RARE LISTING...Impeccable home with second floor accessory apartment on tree-lined Main Street in Oxford! Enjoy gazebo concerts while sitting on your own front porch!Large, bright entryway with grand staircase. French doors lead to sunny living room with gleaming hardwood floors. Arched doorways with built-in bookcases separate the living room from large dining room perfect for family gatherings. Lovely kitchen with beautiful cherry cabinets, Corian counter-tops and stainless steel appliances. Over sized laundry room with deep sink. Large full bath, bedroom (currently used as an office) and bonus room complete the first floor. On the second floor, spacious and bright master bedroom, full bath with huge tiled shower and additional bedroom. Beautiful second floor apartment with the same meticulous details as the main home includes a kitchen, dining room, bedroom, living room and full bathroom. Easily accessible to Mass Pike and main highways. Large lot with beautiful landscaping.
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363 Main Street, Oxford, MA 01540

Multi-Family

$330,000
Price

2
Units
3,226
Approx. GLA
Impeccable two-family home on tree-lined Main Street in Oxford. Enjoy gazebo concerts while sitting on your own front porch! Large, bright entryway with grand staircase. French doors lead to sunny living room with gleaming hardwood floors. Arched doorways with built-in bookcases separate the living room from large dining room perfect for family gatherings. Lovely kitchen with beautiful cherry cabinets, Corian counter-tops and stainless steel appliances. Over sized laundry room with deep sink. Large full bath, bedroom (currently used as an office) and bonus room complete the first floor. On the second floor, spacious and bright master bedroom, full bath with huge tiled shower and additional bedroom. Beautiful second floor apartment with the same meticulous details as the main home includes a kitchen, dining room, bedroom, living room and full bathroom. Easily accessible to Mass Pike and main highways. Large lot with beautiful landscaping. A magnificent home!
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FHA loans have long been a valuable resource for Americans who want to fulfill their goal of homeownership but who don’t have the benefit of a lengthy credit history and equity.

If you’re hoping to buy a home in the near future but want to explore all of your options in terms of financing, this article is for you.

Today we’re going to talk about FHA loans and how to know if you qualify for one.

What are FHA loans?

FHA loans are issued by private mortgage lenders across the country, just like regular mortgages. The difference, however, is that an FHA loan is “guaranteed” by the federal government.

Lenders decide your borrowing eligibility, and how much you can borrow, by determining risk. If you don’t have a sizable down payment (oftentimes 20% or more) and you have a low credit score, most mortgage lenders will see you as a risky person to lend to.

When you get an FHA loan, however, the federal government assumes some of that risk, allowing you to secure the loan anyway.

This means you can buy a home with a low credit score, a smaller than usual down payment, and save on some closing costs.

How do I qualify for an FHA Loan?

To find out if you qualify for an FHA loan, you’ll head to the same place as a traditional mortgage--a mortgage lender. Oftentimes, you can simply call or visit the website of lenders to get the process started.

As with all things, it’s a good idea to shop around for a mortgage lender. Their offerings will be largely similar, but there might be minor differences that make one better than another for your particular circumstances.

Down payment requirements

To secure an FHA loan, you will need to make a down payment of at least 3.5%. However, this low down payment comes with a price. You’ll typically be required to pay private mortgage insurance (PMI) fees on top of your accruing interest for your loan.

Credit score requirements

While you can often secure a mortgage with a lower credit score through an FHA loan, there are still some requirements. To secure a loan with the lowest possible down payment (3.5%), you’ll need a credit score of 580 or above.

Previous homeowners and FHA loans

A common misconception about FHA loans is that they are only for first-time homeowners. However, you can still qualify for an FHA loan if you’ve owned a home before as long as it has been three years since you’ve had a foreclosure or two years since filing for bankruptcy.

If you meet these three conditions, you should be able to secure an FHA loan through a traditional mortgage lender.



6 Shady Lane, Oxford, MA 01540

Single-Family

$229,900
Price

5
Rooms
2
Beds
1
Baths
Excellent family home - exceptionally refurbished. Bright and sunny three bedroom ranch with easy access to highways, schools and recreation areas. Large living/ dining great room with picture window and hardwood floors.You will enjoy preparing meals in the completely upgraded kitchen that includes new cabinets, counter tops, appliances and expertly refurbished hardwood floors.Two bedrooms also with hardwood flooring.Fully remodeled bathroom with pristine white fixtures and ceramic tile flooring. Basement bonus room. Stay cool with central air conditioning and cozy with hot water baseboard heat. New septic system and easy to care for vinyl siding.. Town water. This wonderful home is move-in ready! REDUCED !
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This Single-Family in Dudley, MA recently sold for $129,900. This Ranch style home was sold by Caroline Bianchi - RE/MAX Acclaim.


8 Sunrise Shrs E, Dudley, MA 01571

Single-Family

$129,900
Price
$129,900
Sale Price

5
Rooms
3
Beds
1
Baths
Peaceful country setting close to Hayden Pond. Take advantage of Dudley's low tax rate now! Easy to show. Please note, all cash offers must have proof of funds. Must be in MLS 7 days before the seller will review offers.






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