If you’re planning to claim use the credit and haven’t started looking for a home, your clock is officially ticking. You must be closed on your new home on or before December 1. Because purchase closings come 60-days standard, therefore, your $8,000 is in jeopardy unless you go under contract prior to October 2, [...]
Back by popular demand, here is the next entry into My FHA Success Stories – A California first time home buyer with no credit score obtains a FHA loan approval – truly amazing! Rocky doesn’t have a FICO score, basically no credit equals no credit score. Initially, Rocky had a loan officer that provided a [...]
FHA Insured loans can be used to purchase one to four unit homes in the Eugene/Springfield Oregon area as long as you will be living in one of the units. There are additional requirements for three and four unit properties as far as cash reserve requirements than there are for one and two unit properties. [...]
FHA adjustable rate mortgages (ARM) and temporary buy downs are available through several different lenders. First of all, FHA doesn’t offer the programs, the lenders that work with HUD offer the programs and FHA insures them. Of course, if FHA wouldn’t insure the loan program, the lenders sure wouldn’t offer them, would they? And they [...]
Palm Beach and Martin County Florida Mortgage Rate Weekly Roundup In Palm Beach and Martin County Florida last week, most mortgage rate surveys would have you believe that mortgage rates this week should be lower than last. According to both widely tracked indexes by Freddie Mac and Bankrate.com, interest rates declined anywhere from 1 to 6 basis [...]
More New Jersey families are eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic stimulus package signed into law by President Obama. The American Recovery and Reinvestment Act of 2009 allows HUD’s Federal Housing Administration (FHA) to temporarily increase its loan limits and insure larger mortgages at [...]
What happens if you find that perfect home to purchase and it isn’t quite perfect as it sits? What happens if the bank owns the home and they won’t put another nickel into the property? Or if the seller is not getting anything out of the sale and can’t fix the heating system? What happens if you can’t get the home financed because it needs a new roof and you lender says it isn’t financeable the way it sits. Well, run into the phone booth and change into your 203k Streamline cape and tights, because “Super Streamline” is here to save the day.
Utah Housing Loans have a new revised Acquisition Costs Limit/Purchase Price limit for their Utah mortgage loans. Earlier this year, Utah Housing followed suit with FHA and raised the maximum purchase price for Utah Housing Mortgage Loans. This will allow for more borrowers to take advantage of a higher Acquisition Cost or Purchase Price. Utah [...]
Why can’t there be some kind of truth detector for internet postings. I keep finding people posting information on the internet about mortgage lending without having any knowledge of the subject. Since I am always looking for good information on the internet, it is interesting to see some of the things that are out there being given as the absolute truth. Some may have a kernel of truth while others are just WRONG. I specialize in government loans, VA Guaranteed Home Loans, FHA Insured Home Loans and USDA Guaranteed Rural Loans. I am licensed in Oregon, Washington and California but am located in the Eugene Springfield Area of Oregon.
Many of us have yellow ribbon stickers on our vehicles or bumper stickers that say “support our troops”. Now is the time to do much more.
*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
