Posts By Tony Croft
Location
534 Hudson Street,
Hoboken, New Jersey 07030
Phone: 201-943-6800
Posts
FHA jumbo loans are great for home buyers in New Jersey and buyers who have less than a perfect credit history. The government has come to realize that in certain areas of the country, Northern New Jersey being one, that many homes cannot be purchased for the previous maximum FHA loan amount of $362,790. That is [...]
Mortgage interest rates fell to the lowest levels on record last week in New Jersey and New York! That goes for FHA and Conventional mortgage loans in the New York metropolitan area. The fall in rates in recent weeks is in response to turmoil on Wall Street which makes this a great time to purchase a home [...]
So you want to buy a condo in New Jersey using a FHA loan. Is it allowed? You bet! You can get a FHA mortgage to buy a condo in NJ. HUD Section 234(c) allows the insurance of any mortgage covering a one-family unit in a development which is coupled with an undivided interest in the common areas and facilities of the development. This may include dwelling units in detached, semi-detached, row, garden-type, low- or high-rise buildings.
On August 11, 2010, bill HR 5981 was signed into law. What are the effects on prospective home buyers? Here is a brief summary: Hip Hip hooray!!! – If you are currently looking at an FHA loan with a value of $250,000, your closing costs will go down due to a decrease in the Upfront [...]
The Obama administration and HUD have two main goals several goals to improve the credibility of the FHA home loan programs. The first is to increase FHA loan reserves and the second is to reduce loan defaults and foreclosures. In order to do so, loan eligibility has been more closely linked to credit scores as outlined in the following FHA [...]
The Federal Housing Administration released approved loan limits on mortgages it would insure in 2011, leaving the ceiling unchanged at $729,750. The Economic Stimulus Act of 2008 and the Housing and Economic Recovery Act of 2008 raised the FHA loan-limit ceiling to help stabilize a shaky housing market. The national floor remains unchanged as well [...]
Many people don’t understand the difference between conventional and FHA loans. The prospect of taking on a big mortgage can make you feel like you are going over the edge!! Here is a quick and easy “cheat sheet” to help you decide which is right for you. Qualifying Standards Generally, it is easier to qualify [...]
Now is the time to Refinance! Especially if you have a FHA Mortgage in New Jersey or New York! Hope you liked the video! Now is truly a great time to refinance. Rates are at historical lows. If you live in New Jersey or New York we have a FHA Refinance program with NO APPRAISAL!! [...]
About Mortgage Daily TV
NOT The Government
*This is not an offer to lend. We are not the FHA, VA, USDA, HUD or any other government organization.
