Rhode Islanders may get additional down payment money with tax credit.

On June 8, 2009, in Tips And Advice, by Lynda Mckenzie

First-time home buyers may now utilize their $8,000 tax credit towards additional down payment requirements on the FHA mortgage loan program. As many of you know on May 29th, FHA issued the latest mortgagee letter regarding the use of the $8,000 tax credit towards down payments. There is still much confusion over the details but [...]

Maryland FHA Steamline Refinance

On June 8, 2009, in Tips And Advice, by Paul Defngin

Maryland FHA streamline refinance is probably the best loan option for homeowners with little to zero equity in their home , and minimal to no credit scores. In our area, due to the continuing decline in property value, FHA streamline refinance without an appraisal gives you the best option to lower your interest rate and [...]

New Mexico FHA Loan Limits

On June 6, 2009, in Tips And Advice, by Steve Lines

FHA Loan Limits in New Mexico If you are considering the possibility of buying a home in New Mexico, you may find that a FHA mortgage is a great option. New Mexico FHA loans have low rates, low down payment requirements, and accommodating qualifying criteria.  Part of the information that you should know before you [...]

Everything You Want To Know About the 8000 Tax Credit for First Time Home Buyers in New Mexico

On June 5, 2009, in Tips And Advice, by Steve Lines

Can you use the 8000 tax credit for your New Mexico FHA down payment? It is possible that this isn’t the first site that you have been to looking for information about the 8000 tax credit.  If that is the case, you probably have noticed that there is an abundance of varying information presented.  Last [...]

Idaho VA 100% Home Financing Loans for Boise and Mountain Home areas

On June 4, 2009, in Mortgage Programs, Tips And Advice, by Michelle Guth

Idaho VA 100% Home Financing Loans for Boise and Mountain Home areas is for veterans and active duty military personnel and certain members of the reserves and National Guard. VA’s program provides an excellent product and benefit for those individuals who have served or are serving to protect our families and our nation. There are [...]

HVCC – Why California Residents Need To Care About The Home Valuation Code of Conduct

On June 4, 2009, in Real Estate, Tips And Advice, by Jonas Kruckeberg

The Home Valuation Code of Conduct (HVCC) is already having a negative impact on California real estate and mortgage transactions. This recent article in the LA Times tells a better story about how HVCC is hurting mortgage brokers, real estate agents, appraisers, and consumers. Your voice needs to be heard – please take the time [...]

Little money needed to purchase home in Rhode Island.

On June 3, 2009, in Tips And Advice, by Lynda Mckenzie

Rhode Islanders in need of a low down payment program, FHA is the way to go. FHA (Federal Housing Authority) mortgage loans were created in an attempt to increase homeownership. Unlike conventional mortgages, the FHA mortgage loan is backed by the government. The FHA mortgage loan is usually easier to qualify for and has become [...]

How do I obtain an Idaho 100% VA Home Loan?

On June 3, 2009, in Mortgage Programs, Tips And Advice, VA Loans, by Michelle Guth

How do I obtain an Idaho 100% VA Home Loan? Many veterans looking to purchase a home in Idaho have frequent questions about how they go about obtaining a VA loan. Below are the steps involved: – Select me as your trusted VA loan specialist, present me with your Certificate of Eligibility if available and [...]

Idaho VA 100% Home Financing Frequently Asked Questions

On June 3, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

Idaho VA 100% Home Financing Frequently Asked Questions. Many Veterans have questions about the Idaho VA 100% home loans that are available to them. Below I have outlined some of the most frequently asked questions. Q: What is a VA Guaranteed Home Loan? A: VA guaranteed home loans are loans made to eligible veterans for [...]

2009 Idaho VA County Loan Limits for Maximum Guaranty Amount

On June 3, 2009, in Mortgage Programs, Tips And Advice, by Michelle Guth

2009 Idaho VA County Loan Limits. The Department of Veteran Affairs’ Loan Guaranty program does not impose a maximum amount that an eligible veteran may borrow using a VA-guaranteed loan. However, the following county limits must be used to calculate VA’s maximum guaranty amount for a particular county. The maximum guaranty amount available for loans [...]