Posts By Sue Botelho


Location


Florida

Phone: 850-797-7946

Posts

FHA Commissioner Dispels Rumors about FHA Mortgage Financing

On September 23, 2009, in Mortgage Rates, Tips And Advice, by Sue Botelho

David Stevens, the new Commissioner at FHA, was just interviewed on CNBC.   There have been rumors floating around that  the FHA mortgage program is underfunded and would need a bailout.  Per Mr. Stevens, FHA has over $30 billion in real combined capital, which represents a 4% true reserve account and they will not be short in [...]

VA vs. USDA Loan for a Qualified Veteran

On August 4, 2009, in Tips And Advice, by Sue Botelho

If you are a veteran and are looking to purchase a primary home with no money down, make sure that your lender shows you the option for the USDA rural housing program provided that the property and your income qualify. In the case of an active-duty military member, you may want to save your VA [...]