Want to know when’s the best time to buy a home in California? Here’s why 2012 is the best time to buy a house in San Jose or the bay area. Right before the new year, President Obama signed HR3630, the payroll reduction tax cut bill. The new law will ensure that millions of American’s won’t see [...]
Utah County FHA Update Utah County FHA loan limits from now through 2012 have moved back to previous values. Single Family FHA Loan Limits in Utah County, Utah Most of 2010 $323,750 October 1st – November 17th $271,050 November 18th $323,750 The FHA Loan Limit was significantly raised by congress in 2008 to help both [...]
President’s Obama’s revamped Home Affordable Refinance Program (HARP) is expected to help thousands of Metro Atlanta homeowners take advantage of today’s low interest rates and SAVE.
Good news for San Gabriel Valley homebuyers: Prior to the Thanksgiving holiday, President Obama reinstated higher FHA loan limits through 2013. FHA loan limits can go up to 125 percent of local area median home prices. This means you can obtain a mortgage for a purchase or refinance in Claremont, San Dimas, LaVerne or Glendora for up to $729,750! [...]
Friday President Barack Obama signed a bill that reinstates the recently expired higher loan limits that were in effect for FHA and VA loans through December 31, 2013 but does not provide this extension to Freddie Mac and Fannie Mae. According to the article on Mortgage News Daily, “The new legislation also sets an annual [...]
California Attorney General Kamala Harris has declared “bring me the head of Ed DeMarco” He’s the guy in charge of the FHFA which happens to run Fannie Mae and Freddie Mac. She is insisting that these agencies be required to help distressed homeowners in San Jose by giving them a permanent mortgage principal reduction that [...]
The House of Representatives today voted to restore higher loan limits to $729,750!! This is great news considering that the high limits returned to $625,500 in October. Here is a brief excerpt of an article published today at Bloomberg.com “For all of the objections from Republican lawmakers and interest groups, the measure survived congressional negotiations [...]
In foreclosure news, San Jose banks must offer foreclosure alternatives quickly to help you keep your property in California. If you’re already behind on your mortgage, or waiting for months just to hear back from the bank to find out if their willing to modify your loan, Fannie Mae and Freddie Mac are gonna start [...]
HUD No. 11-215 Shantae Goodloe (202)-708-0685 FOR RELEASE Wednesday September 14, 2011 HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MAINE STORM VICTIMS Foreclosure protection offered to displaced families in three counties WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State Of Maine and provide support [...]
Home Prices Rise For Fourth Consecutive Month The S&P/Case-Shiller Home Price Indices though July 2011 showed its fourth consecutive month of increases, with both the 10- and 20-city composites up 0.9 percent in July over June. David M. Blitzer, chairman of the index committee at S&P Indices, said July’s data shows fairly broad improvement in [...]
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Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
