Location
Alaska
Phone: (907) 261-7655
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What is a Section 184 HUD loan? The Section 184 Indian Home Loan Guarantee Program is a mortgage product for American Indian and Alaska Native families, tribes Alaska Villages or tribally designated housing entities. Congress established this program in 1992 to facilitate homeownership in Native American communities. Benefits to Homebuyer 2.25% down payment requirement for [...]
Unique to Alaska, veteran buyers may have more than one home financed at the same time using their current VA benefits. Called bonus entitlement, a Veteran who has a current home financed with the VA may have enough bonus entitlement to purchase as second home, as long as he intends to use the new home as his or her primary [...]
One of the only loan programs that has not been hit hard with changes and government scruitny has been the VA guaranteed loans to our activy duty military, and eligible veterans. Conventional and FHA loans limit what the seller can pay for for a new buyer on a real estate trasncation to just loan fees. VA, however, still [...]
This is NOT your FHA 203K Renovation Program. Alaska Housing Finance Corporation offers a special program for Alaska buyers who wish to purchase a home in need of renovations or updates. Alaska borrowers can utilize this program to finance a new home and include renovations, using FHA, VA or Conventional financing. AHFC will allow [...]
Alaska FHA Condo projects face a tough time ahead. New announcements by HUD, in their Mortgagee Letter 2009-19 will change how we do loans on Alaska Condo’s after October 1, 2009 With the passage of the Housing and Economic Recovery Act (HERA) of 2008, the Federal Housing Administration (FHA) is implementing a new approval process [...]
Why should I work with you? The biggest mistake people make when shopping for their mortgage is to make their decision on who they will work with based upon the lowest interest rate they locate over the phone, or the Internet. They never even consider the ramifications of getting involved with a lender that is not knowledgeable, creditable, or [...]
With the demise of the seller paid down payment programs last November, and the increase in the FHA down payment requirements from 3% to 3.5%, Alaska first-time home buyers are finding it a little more challenging to find their down payment funds. What most buyers don’t know is that there are many ways to fund [...]
Where do you start? By asking yourself, “can I really buy a house?” An FHA mortgage might be just the option you’ve been looking for to help you buy your first or move up home. A home is both an investment and a savings plan for your future. Knowledge opens doors. This is literally true when it [...]
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