Bill Sohan

Location: Maryland
Phone: 410-963-2308
Email: bill.sohan@academy.cc
Website: http://www.yourbaltimorelender.com

Bill Sohan is a Baltimore Mortgage Lender. He specializes in First-Time Home Buyer loans, Conventional, FHA, FHA 203K. FHA Streamlines, USDA Rural Home Loans, VA 100% Financing. For more information about Maryland home mortgages, please contact me at 410-963-2308

Posts By Bill Sohan

Location

Maryland

Phone: 410-963-2308

Posts

USDA Income Limit in Maryland

On July 19, 2011, in Mortgage Programs, by Bill Sohan

Good news came from the USDA’s Rural Housing Program on July 1st. The new maximum income guidelines in Maryland for 2011 have been released, and most areas in MD received increases. This means that more people will be eligible for 100% financing, on their personal residence, in the less urban/rural areas of the state [...]

Academy Mortgage Partnering with Lowe’s in Maryland

On June 24, 2011, in Mortgage Programs, by Bill Sohan

Academy Mortgage and Lowe’s are coming together to create a partnership in Maryland. This effort is called REbuild USA. This program will help many of you across Maryland bring your homeownership dream to life as well. We all know that Maryland was recently hit by a perfect storm of negative conditions that created economic challenges not [...]

Seven Things Your Agent Should Know About Your Maryland Mortgage Approval

On June 10, 2011, in Tips And Advice, by Bill Sohan

While many experienced Maryland real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New Maryland regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property [...]

FHA Maryland Loan Limits Possibly Changing in 2011

On June 2, 2011, in Tips And Advice, by Bill Sohan

The possible changes to the Maryland 2011 FHA loan limits by county are charted below. With only a 3.5% down payment, FHA mortgages have been a great mortgage option for First Time Home Buyers. These loan limits are expected to be lowered as of October 1, 2011. If you are in the market to purchase [...]

Maryland FHA Mortgage Insurance

On May 26, 2011, in Home Buying Process, Mortgage Programs, by Bill Sohan

* Disclaimer – all information in this article is accurate as of the date this article was written * The Maryland FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans in Maryland: 1. Up Front Mortgage Insurance Premium (UFMIP) [...]

Maryland Mortgage Pre-Approval Guidelines

On May 19, 2011, in Home Buying Process, Mortgage Approval Process, Mortgage Payments, Mortgage Programs, by Bill Sohan

Even though many lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true mortgage approval that holds any weight in Maryland is one that has been issued by an underwriter who has had an opportunity to review all of the necessary documents. With a constant stream of new lending guidelines, [...]

Maryland Realtors: Academy offers Free FHA 203K Help

On April 20, 2011, in Home Buying Process, Mortgage Approval Process, Mortgage Programs, Real Estate, Tips And Advice, VA Loans, by Bill Sohan

Maryland 203K loans offer a great vehicle for your agent’s to get rid of their excess inventory of REO and foreclosed properties. Many realtors shy away from Maryland 203Ks since it is difficult to establish up front what the exact cost will be to the prospective buyer, or simply because they don’t know how the [...]

VA Loan Requirements in Maryland

On April 11, 2011, in Home Buying Process, Mortgage Programs, Tips And Advice, by Bill Sohan

VA Loan Requirements And Eligibility in Maryland Veterans with active duty service (who were not dishonorably discharged) during World War II and later periods are eligible for VA loan benefits. World War II (September 16, 1940 to July 25, 1947), Korean conflict (June 27, 1950 to January 31, 1955), and Vietnam era (August 5, 1964 [...]

VA Mortgage Loans in Maryland

On April 7, 2011, in Mortgage Approval Process, Mortgage Payments, Mortgage Programs, Tips And Advice, by Bill Sohan

VA Mortgage Loans in Maryland A VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required in Maryland. VA mortgage loans can be used towards purchasing a [...]

Maryland 203K FHA Mortgages

On April 6, 2011, in Mortgage Payments, Mortgage Programs, Mortgage Rates, Tips And Advice, by Bill Sohan

Here are a few quick bullets that outline the guidelines for the different types Maryland 203k FHA mortgages. For more information about a Maryland FHA Mortgage, Loan Limits, or FHA guidelines, please feel free to contact me directly. Bill Sohan 410-963-2308 —————————————– FHA 203K REHAB – Maryland —————————————– This loan allows a customer to finance [...]

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