The $8000 First Time Home Buyer Tax Credit is set to expire soon and is available for Rural USDA Loans. The deadline to fund your home is November 30th. That isn’t even 60 days from today to qualify for the Home Buyer’s Tax Credit. The average AZ Mortgage is taking 35-45 days to close. The [...]
Mortgagee Letter 2009-19 was issued on June 12, 2009 and provided guidance for the new approval process for Condo’s. The changes are dramatic. Currently, FHA has a list of Approved Condo’s. If a project is on the approved list then FHA financing is allowed, providing the project meets (or met) the 51% owner occupancy percentage. The [...]
The FHA is changing its FHA Streamline Refinance rules! Streamline, not so much!! Effective January 1, 2010, getting approved for the popular FHA-to-FHA refinance program will be much more difficult. Attached is a copy of the FHA Mortgagee Letter dated September 18, 2009. “Revised Streamline Refinance Transactions“. Here are the 3 main areas where the [...]
FHA Streamline Refinance Guidelines for 2010 for California will be new to some, but old to others. Under today’s FHA streamline refinance guidelines, homeowners with FHA loans have the ability to lower their monthly payment when FHA mortgage rates are reduced. Guidelines today allow homeowners to refinance without an appraisal or verify income and assets [...]
The Florida First-Time Home buyer Tax Credit may soon be known as the Home Buyer Tax Credit… being opened to non-first time buyers… but here is what needs to happen. [Enjoy] The Florida First-Time Home Buyer tax credit is on the verge of extension. While it is not yet through he entire process, the momentum [...]
Tampa FHA mortgage borrowers looking to take advantage of the tax credit need to hear the following two words loud and clear… GET CRACKIN’!
*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
