Cheryl Bourland's blog

What We Love About Hot Springs Village

What is there not to love? 

Within our gated community we have 9 beautiful golf courses that you can play pretty much all year round, mountains, forests, wildlife, privacy, four seasons, mild climate, low taxes, good health care, no stress, and wonderful, welcoming people.

With it's natural beauty, easy access to major cities, and a full gamut of social and sporting activities, Hot Springs Village has it all. Beautiful lakes and walking trails, 8 rubico tennis courts and 3 hard courts at the tennis center, pickle ball, lawn bowling, scenic trails, a wonderful fitness center with indoor pool, a bridge house which has bridge games for all levels, a performing arts center and much more.

Hot Springs Village's population is approximately 13,000 people.  Since 2000 there has been a 27.14% growth in population.  The cost of living is lower than the national average, and the median home price is $170,200.  It is a place where anyone can afford to live.

Some say that living in Hot Springs Village is like living in paradise, and the people are what make it so special. So even if you don't want to golf on any of the 9 golf courses, or fish on one of the 11 lakes, or participate in any of the other hundreds of activities, you will enjoy being here. 

Are Home Mortgage Credit Issues Beginning to Ease?

According to Fannie Mae's first quarter 2015 Mortgage Lender Sentiment Survey, more lenders say the credit tightening is softening, and that they expect demand to increase.

It has been several months now since FNMA, FMAC and FHA all made significant changes in their loan programs aimed at making it easier to get a home loan.  FNMA and FMAC are now offering low downpayment programs and less stringent credit requirements, and FHA lowered their mortgage insurance premiums.  

Perhaps these changes are now beginning to be embraced by lenders and they are, in fact, making it easier to buyers to get a mortgage. 

Read more about it:  Mortgage Lenders Say Credit Is EasingLenders have high hopes for the next three months: They are expecting a big turnaround in mortgage demand and their profit margins.   [NAR Daily News Magazine]