Loan Level Price Adjustments(LLPA’s) introduced by Fannie Mae and Freddie Mac during 2008 have surprised many New Jersey homebuyers/homeowners applying for conventional mortgage loans during the recent interest rate drop.
2009 FHA loan limits for Montgomery County, MD is currently at $625,500. Buyers who have limited downpayment only need to have a minimum of 3.50% for the downpayment. FHA’s required small downpayment as opposed to 10-15% for a conventional loan makes it relatively easier for a buyer to finance a home in Montgomery County. Each counties in [...]
Island County FHA loan limits have dropped to $316,250 in 2009 for a 1-unit. This coincides with statewide decreases across the board, with the exception of Chelan and Douglas Counties. What does mean to buyers looking to purchase in Island County? There are plenty of awesome deals under that $316,250 mark so don’t despair. Rates [...]
Down Payment Assistance has been a big part of FHA Mortgage Loans for the last 10+ years for First Time Home Buyers. In October 2008 Congress eliminated the Down Payment Assistance Program eligibility for FHA Home Buyers. Good News for First Time Home Buyers! Rep. Al Green of AL will be introducing HR-600 on 1-21-09 [...]
Call me today at 541-342-7576 to find out what we can do for your specific needs. You can also use this link to apply for a loan. FHA mortgage rates are excellent and combined with the reasonable, common sense underwriting procedures for FHA loans; it makes sense to consider an FHA loan when thinking about the purchase or refinance of your home.
There are some new Indiana FHA Loan Limits for 2009 and all counties but four remain virtually unchanged. The counties of Lake, Porter, Jasper and Newton (the Region) have come down a little from the 2008 increased limits while the rest of state will remain pretty much the same for 2009. The Region (Lake, Porter, [...]
The Temporary FHA Loan Limits of 2008 are history. The New FHA Loan Limits for 2009 are here and have been decreased in Riverside and San Diego Counties. The majority of California counties fall below the current Conforming Loan Limit of $417,000 and even below the past FHA Limit of $362,790. However, FHA Mortgage Lenders [...]
Here are the top 10 things you need to know about refinancing your FHA Alaska Mortgage. Keep in mind these are simply guidelines – each borrower’s situation is different. The best way to work through your options is to contact me directly. The mortgage that is to be refinanced must ultimately be insured through the [...]
Alaska FHA Mortgage Limits for 2009 have been lowered. Below are the loan limits per borough throughout the State of Alaska. County One-Family Two-Family Three-Family Four-Family Aleutians West $349,600.00 $447,550.00 $540,950.00 $672,300.00 Anchorage $290,950.00 $372,450.00 $450,200.00 $559,500.00 Juneau $349,600.00 $447,550.00 $540,950.00 $672,300.00 Ketchikan $322,200.00 $412,200.00 $498,250.00 $619,250.00 Kodiak Island $317,400.00 $406,300.00 $491,150.00 $610,400.00 Matanuska-Sus $290,950.00 [...]
2008 may be remembered as a difficult year for homeowners and homebuyers, but it did give three great opportunities to lock into low New Jersey mortgage rates. Do you know when they occurred??
*This is not an offer to lend. 
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