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Monday, July 16, 2012

Streamline Idaho and VA Loan Limits

By John Corey


Each year, the U.S. Department of Veterans Affairs (VA) announces its annual VA loan limits. On December 3, 2010 the VA published its 2011 home loan limits. The limits have little to do with the maximum amount a veteran can borrow. Rather, the limits are in place to calculate the maximum amount the VA will guarantee per home loan based on location. The 2011 limits are effective for VA home loans closed between January 1, 2011 and September 30, 2011. As in 2010, most U.S. counties still have a VA loan limit of $417,000. Of course, there are some high-cost areas of the country where adjustment were made. Whenever changes are made to the limits, it means there has been a fluctuation in the real estate market for a particular county. Streamline Idaho can help with a loan for Veterans.

A well can be extremely expensive and is not always realistic depending on many factors like the depth of the water table in your area. If the water table is more than a few hundred feet down, you may not be able to afford one at all. Add in the permitting fees and other maintenance and set up costs and you are looking at an expense that most people simply have to finance. The solution to the water well option is to consider putting in a cistern for domestic water. This is a popular option in the many rural settings and cabins are prime candidates for them. A cistern is nothing more than a large tank which holds water for use in your water system. They range from plastic to concrete in construction and can even be placed uphill from your cabin to avoid using a pump for pressurization.

Putting gutters on your cabin can help you keep your cistern full by directing rainfall and snow-melt into your cistern, instead of onto your lot. Given the relatively low costs of gutters they are an easy way to augment your cistern system. They can even be used to fill landscaping water barrels so you have water you can use only for landscaping if you so choose.

The most noteworthy increase is in Utah where the three high-cost counties of 2010 (Salt Lake, Summit and Tooele) jumped nearly $100,000 from $516,250 to $612,500 for 2011. As expected, as some counties experienced market improvements, others saw a decline in home values. These counties include: Sacramento, El Dorado and Placer Counties in California; Ouray and Hinsdale Counties in Colorado; and Greene County, Georgia. Counties in Virginia could have economists scratching their heads. While nearly 70 percent of the east coast state's counties are missing from the high-cost list for 2011, the counties that remain all have higher loan for 2011.

The summary of the findings mentioned that in spite of legislation intended to cut-down outsourcing, it has not made an iota of difference with more and more health care providers in the United States opting to hire offshore companies for medical transcriptions or medical billing. It is more of a do-or-die situation for US based vendors, either they cut down on costs or perish, outsourcing was here to stay. So if you are thinking about relocating consider a Streamline Idaho loan.




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