November 30, 2009 If you are a First Time Home Buyer in and around the St. Louis area time is quickly running out to purchase your first new home and receive that $8,000 tax credit your Uncle Sam is wanting to give you. A Tax Credit is money that the Federal Government will GIVE to you over and above what [...]
A lot of people are not aware that most HUD foreclosures in Oregon are available with only a $100 down payment for owner occupied purchases. Also, you can get up to $5,000 to make repairs on the property as part of the purchase transaction. If the repairs are more extensive, then an FHA 203k Streamline is the way to go but it isn’t available with just $100 down. The homes in Lane County are fairly limited right now with only four in Eugene, one in Junction City and none in Springfield. Here is the current list from the HUD website for homes in the Lane County area:
You can buy a home in Frederick County with 100% financing. Certain parts of Frederick is considered rural, and one of the best loan program available that will allow a buyer to finance 100% is the USDA loan. Over the weekend, I sat down with my sister and brother-in-law to discuss their interests in purchasing [...]
Did you know that Rhode Island has special programs for police officers, teachers, firefighters and emergency medical technicians? The program is called HUD good neighbor next door sales program and many Rhode Islanders can qualify for this little advertised program. HUD offers a substantial incentive in the form of a discount of 50% from the [...]
Today homeowners and Home buyers in Rhode Island, have many options under the Federal Housing Authority (FHA) program. Below are just a few of the many programs available. First Time Home Buyers: Available on 1-4 family properties, FHA allows you to put a minimum down payment of 3.5% of the sales price. This down payment [...]
Is it really possible for a California first time home buyer with under 620 credit score to obtain a FHA loan? Most people would disagree. The Jonas Kruckeberg Team fights day in and day out for clients to obtain their dream of homeownership, so to all the naysayers let this be a demonstration that it [...]
What FHA Insures FHA insures mortgages on properties that consist of detached or semi-detached single family residences, townhouses or row houses, and individual units within FHA approved condominium projects. FHA will not insure mortgages on commercial enterprises, boarding houses, hotels and motels, tourist hourses, private clubs, bed and breakfast establishments, and fraternity or sorority houses. [...]
We’ve talked about seller contributions towards closing costs but did you know the seller can pay off a veteran’s debt to qualify? The seller contribution is limited to 4%. Typical VA closing costs in San Diego total about 2-3 % of the selling price; that “extra” 1-2% could be used to “buy the rate down” [...]
Due to recent confusion , here is how the FHA $8000 tax credit plays out according to the best of my knowledge and research. Effective date- Good thru Dec. 1, 2009 Amount of credit– lesser of of 10% of the home bought or $8000 Eligible property- Any single family residence (including condos), provided it will [...]
Did I hear correctly? The real estate market in Montgomery County, PA is actually picking up?!?! Thanks to the FHA mortgage this is true! For those of you who have been following my articles on a regular basis, you know that the past year has been pretty rough on the real estate market in our area. [...]
*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
