What is a Green Home Loan?
It is a Home Loan for both Purchase and Refinance applicants. EEM offer lower interest loans to energy efficient borrowers. The EEM forecasts the future savings on energy efficient upgrades/improvements and allows the borrower to account for the savings as additional income. With increased income = increased loan amount.
Martha Brannigan from the Miami Herald reports that Coral Gables-based Great Florida Bank has just hired on 32 new FHA sales associates in an effort to take advantage of the bank’s recent approval to offer Federal Housing Administration loans. It’s a smart move. The folks at Great Florida are practicing good business by moving into [...]
Yep, you read it right. Straight up FHA Purchase Loans require a higher down payment than a FHA 203K Renovation Loans do. Is there really any reason not to talk to an expert about a Georgia FHA 203K Renovation Loan? I’d bet that most houses on the market today could use an upgrade somewhere.
Ssshhhhh! Have you read the 5 secrets to getting an FHA mortgage loan for home ownership published by HUD? There’s a secret out there about FHA mortgage loans that HUD wants you to know about. It’s so secret, that they published an informational brochure but didn’t tell anyone about it. The Secret Is OUT! That’s [...]
The FHA Streamline Refinance program has been around for many years, but has been under utilized in Orange County, CA for several years. The primary reason being that FHA had not been the loan of choice for home buyers for several years. But in 2008 things changed. Anyone looking to buy a home with less than a [...]
Eugene is, of course, home to the University of Oregon Ducks, but it is also home to Northwest Christian University, Eugene Bible College, Gutenberg College and Lane Community College. Now, I know that college is expensive and Oregon was way down on the list of affordable college states and one of the biggest expenses is [...]
Both Goverment and Conventional mortgage rates are quickly becoming a major subject of discussion in Utah. I am starting to see radio ads, letters, postcards and other advertising. With a volatile market many of these types of advertising may be too late. We have seen the best interest rates come and disappear very quickly sometimes moving up [...]
An Interest Rate Reduction Refinancing Loan, IRRRL, may be the ideal solution for veterans to lower their monthly outgo on their home mortgage loan. With no qualifying on credit or income, (please note exceptions below), this loan should lower the veteran’s interest rate and payment from one VA guaranteed mortgage loan to another. The new loan must be at a [...]
If you’ve been passing up buying homes that require cosmetic repairs for lack of funds to fix them up, FHA has a program for you. Not to be confused with FHA’s much more complicated 203K program, a Streamlined 203K loan eliminates much of the paperwork and simplifies the process to obtain rehab funds. Buying a [...]
Contractor selection is one of the most important aspects of your Georgia FHA 203K loan. There are things that you need to look for in the right FHA 203K contractor as they can mean the difference in a successful or unsuccessful FHA 203K renovation. 1.) Are They Properly Licensed & Insured? — To complete a [...]
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