In this market there is no better loan than the FHA 203K renovation loan if you are looking to spruce up your current digs (or looking to purchase that foreclosure down the street with no appliances). One loan based on after repair value at an affordable fixed rate. FHA 203K loans were built for this market. You can get up to 95% of the current value of your home and up to $35,000 in repairs ($31,500 plus 10% contingency) with the Streamline 203k refinance. You can get up to 96.5% of the purchase price plus the repairs up to $31,500 plus contingency. Sounds complicated, then call me. Let me help you with the process. *NOTE: This loan will not work for foundation repair or landscaping. Manufactured homes are OK as long as foundation and tie downs are installed prior to inspection.
If you are looking to find a great deal in the Boise real estate world, you would most likely look at buying a Boise foreclosure, Boise short sale or a Boise bank owned property. One of the problems with bank owned properties and foreclosures is that many of them need a little TLC such as new carpeting, [...]
The new buzz word in mortgage is a Streamline. As a borrower you have probably seen the ads and have been solicited for a “No Cost Streamline!”. Before you run off and start applying, take time to find out what a Streamline Refinance is and who qualifies to take advantage of a Streamline?
This program is good for anyone that has a higher than current market rate on their FHA loan or has an FHA adjustable rate mortgage and would like to get into a fixed rate mortgage at today’s low rates. It even works in areas where the property values are declining.
Just a quick update on the 2009 FHA Limits, with a table of the NC changes attached below. The base FHA loan limit will remain at $271,050 for 2009.
An FHA 203k loan is an awesome program if you are planning to purchase a Texas foreclosure that needs a little rehab work. Even though there are some great deals on Texas foreclosures, most of my clients are hesitant to explore that option due to the amount of repairs and initial investment involved with purchasing [...]
Is your Arizona FHA Mortgage Loan stressing you out because you owe more than your house is worth? If you have an Arizona FHA Mortgage Loan and you’ve been trying to get an FHA Refinance with today’s HOT Mortgage Rates, but couldn’t because you’re upside down on your house; I have great news for you. [...]
The 2009 FHA loan limit for Orange County, CA is $625,500, which is a huge improvement over the limits back at the beginning of 2008 and before that. For part of 2008 FHA had set a temporary limit of $729,750, but prior to that the limit was only $362,790. For the last several years that [...]
If you’re in the Winter Haven, Florida are and have been considering using an FHA home loan to either purchase a home or refinance your existing home, one of your key concerns is most likely how much your credit history comes into play. The answer? Your credit history matters, but in a different way than it might with a conventional home loan.
The Texas $60,000 Mortgage Credit Certificate (MCC) program was created to help make ownership of new and existing homes more affordable for homebuyers and increase the home ownership rate. The MCC can be combined with the $7,500 Federal Tax Credit Program until June 30, 2009. So, what’s the MCC program? It allows the home buyer [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
