HUD has just announced that the loan limit for Lane County has been increased to the previous “temporary” loan limit of $343,750 for single family residences. This is a huge change for the benefit of everyone looking to buy or refinance over the minimum FHA loan limit of $271,050 that Lane County and Eugene/Springfield dropped to on Jan. 1, 2009. This loan limit is also the same for FHA 203k Streamline purchase and refinance loans.
The Arizona FHA Mortgage Loan Limits have changed for 2009. In most cases the maximum FHA Mortgage Loan amount has dropped. If you are counting on a low down payment FHA Mortgage Loan, be sure and check the chart to have the confidence that your loan amount is within the Arizona FHA Mortgage Loan Limits [...]
You do! If you are looking to buy a home today or you are a real estate agent working with buyers OR sellers, you need these acronym loans. Ok, Ok, I need them but what the heck are you talking about? FHA, VA, FNMA, FHLMC, USDA, PERS, STRS, CalHFA, CHDAP, DPA etc. are the acronym [...]
My name is Hans Bruhner and I manage a branch of First Priority Financial in the north bay. We are licensed in all of California but we concentrate on Sonoma , Marin, Napa, Lake and Mendocino counties, YES in that order. I don’t know what I meant by that except that we all live in [...]
Thanks to FHA First Time Home Buyer mortgage programs, right now may be your best time to take advantage of a St. Louis or St. Charles County real estate deal. As a 15 year veteran mortgage professional, I can’t recall a time more advantageous to buy your first home. If I were considering becoming a first time [...]
The Stimulus Bill was pass earlier this week and there are some good points to it after all. The good news is for the First Time Home Buyer in Indiana, with the $8000 Tax credit. (that you do not have to pay back) Here is a Quick Summary: – First Time Buyer means Haven’t owned [...]
First-time home buyers in Rhode Island can now get a tax credit equal to 10% of their home’s purchase price, up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. A first-time home buyer is defined as a buyer who has [...]
2009 FHA loan limits in Rhode Island have dropped. New county lending limits are listed below. For more information about Rhode Island FHA mortgages, loan limits or FHA guidelines, please feel free to contact me directly. County Name Single Family Two-Family Three-Family Four-Family Bristol $426,650 $546,200 $660,200 $820,500 Kent $426,650 $546,200 $660,200 $820,500 Newport $426,650 [...]
This post will specifically cover the topic of FHA gift money for my clients looking to purchase a home in the Claremont, Upland, Pomona, or Los Angeles, California areas. Gift money for an FHA loan can be used to cover the down payment and closing costs. Acceptable places to receive FHA Gift money from: Family [...]
I’ve received a lot of questions about the recent stimulus package and the $8,000 “First-Time Home Buyer” tax credit that is part of it. There are many scenarios and questions about who does and who does not qualify… and even the term “First-time home buyer” is not entirely correct!
Here are some of the top questions complied and answered by the National Association of Mortgage Brokers, the National Association of Realtors and tax advisors!
*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
