The USDA Rural Development Program is a shining star for many Texas home buyers. Although it is not a new program, it has been identified as one of the few remaining ways to obtain 100% home financing in Texas.
Believe it or not, a first time home buyer is not necessarily someone that has not owned a home previously. A first-time homebuyer is any person who has not owned a home in the previous three years. So even if you have owned a home in the past but have not owned a home in the last three years you qualify as a first-time homebuyer. Just so you know, this is 36 months at closing, not 35 and a half. So you could qualify for the $8,000 tax credit if you purchase a home before December 1, 2009 and haven’t owned a home in three years.
Why you should stay local for your FHA Mortgage in Montgomery County, PA. Funny mortgage telemarketing call video below . . . Yikes!!! Here is a perfect reason to stay local when you are looking to get an FHA mortgage in Harleysville or Montgomery County, Pennsylvania!! I came across this gem of a mortgage telemarketing [...]
I was recently interviewed by Brain Wargo, a business reporter from the Las Vegas Sun, about the Home Valuation Code of Conduct for a story he was writing titled “Realtors Complain About ‘Low Ball’ Appraisals” Realtor.org and several other National publications ran with the story as well, which proves how hot the appraisal / equity [...]
Residents in Harleysville, PA Montgomery County and the Philadelphia area finally have place to come for up to date information about FHA mortgages, First Time Home Buyer loans and many other mortgage related topics. Our goal is to bring the national news and real estate happenings to the local level to help you make informed [...]
How does the Idaho HECM Reverse Mortgage Loan Work? The Idaho HECM Reverse Mortgage is a loan availabe to homeowners over the age of 62 years of age. If you plan on living in the home as your principle residence you can borrow against the equity of your home. You can select from five payment [...]
There are many Common Idaho FHA (HECM) Reverse Mortgage questions along with the many myths pertaining to the loan. So I wanted to outline some of the most basic questions below: Q: What are the Borrower Requirements for an Idaho (HECM) Loan ? A: – Be 62 years of age or older – Own the [...]
Yesterday, Marc Savitt, president of the National Association of Mortgage Brokers (NAMB) released a Call to Action for all Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title/Escrow Agents and Consumers. In order for this “Call to Action” to be effective, I ask that you fully participate, encourage others to join the action and [...]
Getting a FHA Mortgage inVirginia is easy if you are working with an experienced team of professionals. Why would you want a FHA mortgage? If you have a small down payment of 3.5% If you are a first time homebuyer in Virginia and can qualify for 101.5% financing You currently have a FHA mortgage and [...]
In previous posts, I have been saying that now is the time to buy while rates are down and values have fallen. Oregon FHA loans are an outstanding value for First Time Home Buyers. My post about the 10 reasons for a First Time Home Buyer to get into this market explained the reasons that I though (and still think) that now is the perfect time to be buying your first home. Now, it appears that interest rates have started climbing, maybe the imperative to get into the market has become more pressing than it was in the past. The real estate market in the Eugene/Springfield area still appears to be depressed from the high point, but I am seeing more and more purchases come through which means the values are not going to stay low forever.
*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
