If you are considering an Arizona reverse mortgage, be sure that you ask your loan officer about something called “Loss of Medicaid Eligibility”. If you aren’t careful, and you aren’t familiar with what choices you make with your reverse mortgage, you could be at risk of losing your Medicaid eligibility.
The Idaho FHA Reverse Mortgage, also known as an HECM, is a loan made to a person age 62 or older. There are no income, credit or health requirements associated with the loan. The amazing thing about the Idaho FHA Reverse Mortgage is that you can take out a lump sum payment (tax free) to [...]
In Orange County, CA FHA is the primary source of mortgage financing for First Time Buyers, or anyone with less than 20% down payment. (FHA is not only for First Time buyers.) When FHA loan limits in Orange County recently increased to $729,750, things really opened up for homebuyers with little down payment. Buyers looking [...]
With Historic rates and considerable amounts of stimulus, now is the best time to refinance or purchase. If you need ONE good reason; rates probably won’t be this LOW ever again, or for a long time as we brace for massive amounts of inflation.
Even though obtaining an FHA Reverse Mortgage is a fairly easy and straight forward process, there are still some basic questions that should be addressed prior to moving forward with a purchase or refinance transaction: 1. What is a Reverse Mortgage? A reverse mortgage is a loan program where a homeowner receives tax free cash [...]
This is just an informational post to inform Winter Haven, Florida home buyers interested in no money down mortgages that the USDA Rural Development Single Family Home Loan program is funded and ready to go!
Update: Home Run Grant is now out of money. The Home Run Grant is a mortgage assistance program that grants $6,000 to home buyers who purchase a newly-constructed, never-occupied primary, single-family residence in Utah. You are eligible if: You meet the following income restrictions: Single person, $75,000 Married couple, $150,000 If more than one unmarried [...]
Today with historically low rates, the FHA streamline refinance loan has helped many homeowners in Rhode Island save money on their current mortgages. Since the early 1980′s, the Federal Housing Authority (FHA) has been allowing homeowners to refinance their homes under the FHA streamline program. The term “Streamline” refers to the reduced amount of documentation [...]
Veterans in Rhode Island may be eligible for 100% financing on the purchase of a 1-4 family home, condominium or PUD, they intend to live in as their primary residency. In 1944, the VA home loan guaranty program was established to aid veterans returning from war. The goal was to help veterans purchase or refinance [...]
One of the more popular Arizona Reverse Mortgage options lately is the FHA HECM for Purchase program that allows seniors to buy a home with a reverse mortgage.
*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
