Memorial Day isn’t just another holiday.   It’s not another day to get off of work, go to the lake, or the big cook outs.  It’s a day of remembrance for all of the Men and Women that made the ultimate sacrifice and gave their lives for our country.  Had it not been for those individuals.  Where would our great country be?  Our Country has always been tested.  Even in these very dangerous and trying times, I believe we can, and will prevail!

I would like to thank the Men and Women currently serving our Country.  I am very thankful for those that have given their lives for our beliefs, and our freedom.  I especially want to thank those families of our Fallen, they are not forgotten! 

Enjoy your Memorial Day Holiday, but take time to remember those that have given their lives for our Freedom.

In Remembrance of the Arkansas

Casualties of Operation Enduring Freedom & Operation Iraqi Freedom

Is the Fort Smith Real Estate Market UP or DOWN?  Either way, as a buyer in the Fort Smith Real Estate Market, you’ve got to stay informed on consistent.  Those changes can and will have a huge impact on your purchase power when it comes to buying a home in the Fort Smith Real Estate Market Area!

The Arkansas Development Finance Authority a.k.a. ADFA is Arkansas’ largest source of low-cost financing for low-to-moderate income housing development, small industries, government, education, agricultural business enterprise & health care.

Long story short!  They help First time home buyers with additional finances to purchase a home.  A buyer’s purchase power is very important!

ADFA is very pleased to announce that effective Tuesday, April 28, 2009 the interest rate on our 30 year fixed rate first mortgage will be 5.25%. There will continue to be a 1% loan origination fee ( to the lender) and a 1% discount fee ( to ADFA). This is a very limited amount of “recycled” mortgage revenue bond proceeds that is available at this rate.  This rate is available only for new reservations on government loans (FHA, RD, VA). They are not accepting any reservations for conventional loan products.

NOTE: Loans already reserved cannot be cancelled and re-reserved at the new lower rate.

ADFA continues to offer two forms of down payment assistance for our borrowers. Our regular DPA “hard” second mortgage is available at an interest rate of 5.50%. Also, a forgivable “soft” second mortgage is available from the HOME Dept. at ADFA.

If you would like additional information on whether you qualify for this program, please call me at 479-414-1894 or email me at Ray@RayNellum.com .   I will be very happy to walk you through the process.