Borrowers in Rhode Island and many other states who are applying for a FHA/VA mortgage, will now need to have a minimum fico credit score of 620. Although FHA/VA does not impose minimum credit score standards, many lenders have choosen to implement the new mimimum 620 fico score effective March, 13, 2009. The previous minimum [...]
FHA loan limits in Rhode Island have changed again based on the American Recovery and Reinvestment Act. (AARA) Under this act, the FHA 2009 loan limits are set at the higher of the loan limits of 2008 or 2009. A chart which shows the limits by county is listed below. County Name Single Family Two-Family [...]
It is certain, more now than ever, that the FHA program is the foremost program sought after by Texas residents looking to purchase or refinance. FHA loans are an integral part of the government’s new legislation to reform and improve current mortgage lending standards. For the most part, current conventional home loans have more strict [...]
New Jersey First Time Home Buyers accounted for 49% of home purchases in the state during 2008 according to statistics from the National Association of Realtors.
Recent requests for FHA Financing for self-employed borrowers have come through our Winter Haven office. It’s an issue that is causing a good bit of frustration for some self-employed folks as they attempt to secure home loan financing.
HUD announced that effective for any FHA case number assignment on or after April 1, 2009 the max LTV for cash out refinances may not exceed 85%. The good news is that HUD is implementing it on a temporary basis while it analyzes the performance of these loans and the industry to determine whether it [...]
Thousand of Indiana homeowners will benefit from new increased FHA Home Loan Limits with fixed rate refinance loans up to $410,000 in several designated high cost areas. Home refinancing has never been easier with cash out loans available up to 95% for qualified Home Owners. In an effort to curb the rising foreclosure rates, the [...]
What does it mean to take out a “cash-out” refinance? It means that you are refinancing more that what is owed on your first mortgage when you take out a new loan. A “limited” cash-out refinance means that you are including the closing costs in your new loan amount. With an FHA loan, you can [...]
Written by Tim Storm, an Orange County, CA Loan Officer – Please contact my office at Crestline Funding for more information about an Orange County, CA home loan. 877-786-4243 x 7.
www.OCHomeBuyerLoans.com
Contact us for your Orange County FHA Mortgage:
Call our office today and see how we can help you and your family. Ask for your Free First Time Home Buyer Report.
877.786.4243 x 7 | tstorm (at) ochomebuyerloans.com
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*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
