Did you know that it’s possible to finance a mobile home or manufactured home with an FHA loan? If you’re in the real estate industry, you probably did but if you’re reading this as a consumer you probably did not know that! Mobile homes are generally much lower cost than convention stick-built construction and the [...]
I am buying a house and the lender needs proof(bank statement) that I have enough to cover closing costs. A family member is going to help pay closing costs. Will it hurt me when they look at my bank statement and see that the amount to cover closing costs came form a family member? Its a USDA Rural Housing Loan.
First time home buyers are not the only ones with reason to celebrate. The American Recovery and Reinvestment Act of 2009, which was recently extended through 2010, includes the $8,000 credit for first time home buyers through April 2010 and includes a provision which allows current homeowners shopping for a new primary residence to apply for a $6,500 tax credit if they [...]
Be Prepared! Alpine Mortgage USDA Guaranteed Home Loans are underwritten by our in-house underwriting staff which saves time in the process. However, after a USDA loan is approved, the next step is for USDA to issue their approval of the loan, since they are the providing the guarantee. This is similar to what happens when a mortgage insurance company require loans to be submitted to and approved by them prior to insuring the loan.
President Obama has signed a bill that extends the tax credit for California first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009 for FHA FTHB’s. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also [...]
Reverse mortgages are becoming popular in America. HUD’s Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social security, meet unexpected medical expenses, make home improvements and more. Since your home is probably your largest single investment, it’s smart to know more about reverse mortgages and decide if one is right for you.
Watch the Tax Credit Video here – Lake Mary Real Estate buyer’s are due to benefit greatly from the extension AND expansion of the $8000 First Time Home Buyer Tax Credit. Now it includes the $6500 Move up Buyer Tax Credit! Not only do first time buyers get more time to find the perfect Lake [...]
YES! You could use an FHA loan to buy a home in San Francisco and many parts of the bay area today. Historically, most of the bay area has simply had home prices too high for FHA to make sense. Today, we have incredibly low rates combined with low home prices and FHA loan limits [...]
My industry has seen more changes in the last 20 months than I have seen in the last 20 years. I just take all of the changes that come down the pike and I roll them into my business and move on. I usually have a pretty sunny disposition but sometimes it just gets to [...]
First time home buyers rejoice!!!! Congress has officially extended the deadline for the $8,000 first time home buyer tax credit to April 30, 2010. Under the extension, the deadline of April 30 refers to the contract date. This means that the 1st time buyer must have a sales contract on a house by April 30 [...]
*This is not an offer to lend. 
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