The Courier News from Blytheville, Arkansas on March 26, 1940 · Page 6
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The Courier News from Blytheville, Arkansas · Page 6

Blytheville, Arkansas
Issue Date:
Tuesday, March 26, 1940
Page 6
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-\ PAGE SIX . BLYTHEVILLE (ARK.) COURIER NEWS TUESDAY, MARCH 26, 1940' 'Home Buyers Under Title L Mav Apply Them Toward Requirement Jrfost of the Initial costs of n Title I, Class 3 Mortgage loan insured by the Federal Housing Administration may be Included as part of t!ie required 5 per cent in- veslineut or down payment. The requirement that the borrower have nu investment in me property in cash, land, or .nn Interest fn the land In an nitiount equal to 5 per cent of the appraised value of the completed property may be met by the following items: 1. Original cost or present market value of the-land. 2. Accrued real estate taxes, ground rents, and'special assessments payable at time of closing the loan. 3.$10 EHA examination fee. 4. Actual amount ;of closing fee (Initial service charge) charged the borrower by the lending institution but not to exceed the permissible maximum of 1 per cent ol the proceeds of Ihe loan. fi. Recording fees, notary fee, revenue stamps, etc. 6, Title-examination fees, cost of abstract of title and site survey. Items that may not lie included In determining the 5 per cent Investment requirement are prepaid hazard-insurance premiums, prepaid ground rents, prepaid real estate taxes, or special assessments. These Items, if charged the borrower, together with brokerage fees, if any, must be paid in addition to the Items making up the ' per cent investment requirement "rl .nw not be paid out of the proceeds of Hie loan Itself, Jesse H. WebbTwill Build New Residence Mr. awl Mrs. Jesse H. Wctib, who rei,»,ncij reiuijica here to make their home after having lived at Dumas, Ark., for three years, will tufkl n new house on their lot, 630 West Mnin street, adjacent to the Tcrry-Wctcnknmp apartments. Although the plan of the hluso hbi, ii.'!, j_t been Hilly decided upon, it wilt be of while asbestos shingles, for the walls and roof ' and 'will have two bedrooms. We wish to announce that MR. W. F. KING has recently been appointed manager of our new lumber and building supply yard on Highway 61 2 1-2 miles north of Blytheville, Mr. King especially invites you to visit 'him and inspect the modern new plant which has been furnished and equipped for better service to builders in Blytheville and vicinity. EVERYTHING FOR BUILDING including such well-known product as PITTSBURGH PAINTS MULEHIDE JOHN MANVILLE ASBESTOS SIDING AND ROCK WOOL INSULATION HUFFMAN BROS. LUMBER CO. Only Home-Owned Yard Serving the lilytheville Territory. PHONE 403-WJ • You need to have good things to work with in your effort to have a fine lawn and brilliant garden. _ We have a complete stock of keen new garden tools and the other equipment you need, as well as choice selections of dependable, seeds. To get more f un «,, of your garden . ing, drop in and see us today. And let us show you, while you're here, the amazing nsiflto you can get with Vigoro, the plant food that contains all eleven food elements growing things need from the soil. d-tor lav.™.flow« n ,»hrul».vtgcMblc« n dtfc^ A Product of Swift HUBBARD HARDWARE COMPANY Lit. ASHCRAFT & COMPANY SWIFT & CO. FERTILIZER WORKS Sound Modern Homes Costing $2,500 Become a Reality Under FHA Program Washington, D. C.—•Thousands of small homes bo built throughout t!io country this year by private industry for families with incomes of. ?1,000 to $2,000. They will be sold on the most favorable financing terms In history. Never before has the building industry geared its operations so largely in the direction of the low- cost market. The result will ;be the bifgest volume of good honics :n the ?2,GOO prico class ever built n tlie United States, according to Washington ofiicinls. Federal Housing Administrator Stewart McDonald points out that .ho FIIA's insurance of home cans made by private lending institutions has brought home own- srahip within the reach of many .housamls of families heretofore mable to buy their own dwellings iccause of difficult and unsound financing plans. He predicts thnt private residential l building this year will probably'outstrip the 19M volume, which was the highest in 10 years. Large ; scale construction of lib'mcs such-'as (lie one pictured '-"above will now begin in earnest, and this This well-planned home, located in a large eastern city, was sold under the 1'IIA plan for $2,650, including $150 for the land and 52,500 for the house. The price of the house was covered by an FIIA- insured mortgage loan of $2,j>00. The homo is one of several hundred in this price category already completed or under construction in the same locality. All the rooms have cross-ventilation except the dining room, biit there is still plenty of wall space to simplify Ihe furnishing prob lem, The kitchen and are small but compact, and the kitchen is fully equipped. The L-shape .design and the front porch give (he house an attractive exterior. kind at construction will constitute a major part of the year's total residential building volume, he says. In 1939 residential building approximated 405,000 non- farm dwelling units. Private industry is enthusiastic :i its response to the PilA's program of small-home construction. The home shown above, recently constructed and sold In an eastern city, typifies the modern small dwellings which are being built all over the country this year under "the FHA'g streamlined financing program. Over half the nation's families earn between 51,000 and ?2,500 a year. This group will provide n tremendous market for the 19-10 $2,500 home, which may be paid for under the FHA.program with as little as'5'to' 10 per cent down and monthly payments of as low as $15 to $20 over periods of ID to 25 years. I'roof of the market for such homes, when they are soundly constructed, carefully planned, and architecturally attractive, is demonstrated by tho experience of the builder who produced the house shown above. He writes: "Construction was started on November 24, and the first advertisement appeared on January 13. Four days later 14 sales had been made, and by the end of the week contracts had been closed on the entire group of 20 houses." . In a recent statement, Federal Housing Administrator McDonald said: 'Technological, financing, and marketing factors have now combined for the first time to make possible the inexpensive small house of the modern type. Special emphasis is being directed toward stimulating- and facilitating f,he purchase , of houses by famil'.js in the $1,000- to $2,000-a- year income group." Mr. and Mrs. Ed Cook ; Continue Building Buy Terry Guard House In Block Development ' Construction Requirements • and Standards Reduce Faulty Building To assure sound construction and protect buyers of homes In the $2,800 class, the Federal Housing Administration will make at least three inspections on all new home.'} financed with loans Insured under Ihe National Housing Act. These Inspections arc an established feature of FHA operations . in lonns insured under Title H of • the act. Homes financed under the new Title I regulations l will have the benefit of the same minimum construction requirements, property standards, and location standards as are applied to properties . flnnnccd under Title II. . Inspections iire made during the : course of construction to make cer- j tain thai the work Is done In ac- i j cordance with the original plans | and specifications. i "The Federal Housing Admlnls- I tration's construction standards which will apply to these low-cost j liomes will minimize careless and ; faulty construction,", declared Administrator Btewr.rt McDonald. "As in the case of more expensive homes, we believe these requirements will prove to be a powerful weapon to discourage flagrant di'- regard of sound methods of home building. "Now under the liberal financing terms for lovv-cost homes the family with- a low Income may obtain the advice of technically trained valuators, appraisers, and architectural inspectors. This insistence on careful planning, sound building practices, good materials, and proper location—even In the $2 500 home—will do much to make In- -•estmenU in these properties more table." . Mr. and Mrs. Ed Cook have pur- ' Mother hon.-.r was started ycs- chosed the house at 216 Bast Ken- lerday by W. L. Homer and tlK lucky avenue from Terry Guard of Arkmo Lumber Company In His Caruthersville. block acquired some time ago for Another bedrogm will ue added « small building development, to the four room residence and n i The new house, which Is at the general modernization program will corner of ChiekHsuwte avenue and be undertaken, which'will complete redecorating. J. A. Leech Home Is Being Redecorated The J. A. Leech residence, 1043 West Main street, one of the most modern in this section, Is being "dressed up" for spring. The entire two story house is being redecorated, the kitchen redone and the bath room of the Master bedroom (jetting new fixtures. include Sixteenth street, will be placed on the market In the $3600 class, Including the lot, it Is understood. To have five rooms, the house will have ivood shingle walls, to be painted white, a rcof of composition shingles in blue-block, and a from porch. Tlie Interior walk will be sealed and papered and the floors will be of oak. As in other houses recently erected In this block, the keynote will lju convenience without extravagance in arrangement of the kitchen, closets mid other features. WAY TO HE Your Home TO HAVE A GOOP GARDEN, YOU NEED GOOD EQUIPMENT/ Electric Meier Location To avoid tile disturbance of the household by meter readers, an electric meter may be mounted at right angles to or facing a cellar window so that It can be vtewcil from the outside of Hie bouse, or liVTi cabinet that can bo secured to the exterior br the building. Painting Cracked Wood Many householders are under the erroneous impression that paint will cover craeks in woodwork. Cracks or depressions In woodwork cannot be covered or filled with paint. These must be filled carefully with putty or plastic wood before the paint Is applied. Home owners may obtain funds from qualified lending Institutions under the Modernization Credit Plan of the Federal Housing Administration for patching cracks and painting woodwork. fcCONSTRUCTION'EQUIPMENT REMODELING ice stone and one-fourth of a pint of household ammonia Into the quart of soft soap. Mix thoroughly and, after removing as much of the smoke as possible by brushing wit a good stiff brush, apply a coat of the mixture to the surface with n brush. If the mixture Is too thick, ndd water until It can be spread easily. After allowing the mixture to remain on the surface for 15 to 30 minutes, lake n scrubbing brush and a pail of warn) water and n sponge and scrub .the surface thoroughly. Then wash the soapy mixture from the curface with water and a sponge and rliue.'tlie surface with plenty of water. Cleaning Fireplace Cleaning a stone fireplace that has become smoked on the outside is a complicated process but well worth the trouble. Dissolve four ounces of high- grade yellow laundry soap, cut in thin chips, in. enough hot water to make one quart of soft soap when the mixture Is cold. Apply additional hent to the mixture, if necessary, to dissolve the soap. Stir one-half pound of powdered pnin- Wise Planning Of . Bedrooms Helpfu FHA officials caution prospective home builders to arrange bedrooms jwlth special consideration for privacy. Bedrooms should open directly on a common hall, not on other rooms. Wise planning of the openings In bedrooms is vitally important to -Insure proper placing of beds and other furniture. Adequate ventilation Is essential, and sunlight, should be afforded at some lime during the day. Proper Drainage Is Very Essential •Proper drainage should be provided under concrete floors and |)orch slabs and ardinid wall footings and foundation walls, it Is suggested by PHA officials. .Small homes which contain no basements should have the under- floor spaces well drained if a dry 'condition is to be maintained. Glass Use In Bath, Kitchen Widespread The use of gla'ss In interior decoration -is growing In popularity, ' particularly in kitchens and bath- j rooms. Plate glass Is now made in I ninny tints, Including, ivory, gray, i Jade, black, white, and burgundy, and It blends well with most building material!;. , Even after many years of service ! plate glass retains its bright clear j surface. In many kitchens it !s chosen for work counters as well as walls, as It Is readily kept clean and does not absorb odors or mols- iture. j Attractive Interior decoration at I low maintenance cost, made pos|stole with glass, Is of interest to prospective owners of homes pur- I chased or built under the Insured ' Mortgage System of the Federal Housing Administration. Head Courier News want »<u. Let Arkmo Help you fix-up for spring... E-ROOF We Carry All Types of Quality Roofing for COMFORT! Spring rains and summer heat won't bother you if you have a good, new roof on - v «nr home. Protect (he value °f your home and enjoy greater comfort by rcnlacinl' 'n;it worn roof now! Phone 40 for information! FHA Financing for Home Improvements ARKMO LUMBER CO. Mrs. W. t. Oberst Is Redecorating Home Among the spring redecorating projects is the residence of Mrs W. T. Oberst, 818 West Main street. •Tlie house Is being repainted white on the exterior, improvements are being made to the interior and the servant quarters at the rear nr e being modernized. ^^ Spring paifit "Buy"I for you fo have the paint job < America's mos} widely-used brand on iime. AlV us abouf the Shenvifl- of house painKprJeed amaiingly low V/Hliams Budget Payment Plan that {or such a qualify paint. Treat your makes this possible. No down pay* purse and your house to a money- menr. 12 to 18 months to pay. Pay- saving S-gallon pail of (his fa- ments include both paint and labor. v rnous, lastingly beautiful paint. Drop in today and talk it over,' PAINT arid COLOR Headquarters for~ jHv^i^LAMS. PAINTS Shouse-Henry Hardware Co. • Phone 35-< ,\ ' 211 \v'. Maiii Springtime Is Wallpaper & Paint Time Our "Unitized" Wallpaper Line Is Pop .l a r|y Priced. And we have a Quality Paint for Every Purpose. We can help you secure qualified mechanics and we can arrange a convenient FHA loan for you. There is no charge for our estimating service. Phone 100 Phone 101 E. C. Robinson Lumber Co.

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