Last week President Obama held the state of the union address and proposed a home refinance program that could allow homeowners to save $3000 a year on their mortgage by being able to refinance their under water house regardless if their home loan is owned by Fannie Mae and Freddie Mac and eligible for the [...]
Did you know you can choose your loan term in San Jose, California? Usually mortgage banks will offer you a standard 30 year fixed or 15 year fixed mortgage, but did you know you can customize your purchase or refinance loan option for the term that you want on your San Jose house? Let’s say you [...]
With a Maryland 203k Loan new homeowners can purchase that handyman special: 1. Locate & put a contract on the property 2. Determine the value w/ a home appraisal 3. Have the 203K loan underwritten using FHA guidelines. 4. At closing the seller is paid off. Depending on 203K type, you can either get [...]
Buzz is growing for the “Home Affordable Refinance Program” revisions, referred to as HARP 2.0. And for good reason. Homeowners I speak with every day complain – rightfully – that they ‘have done the right thing’ in being responsible and paying their mortgage on time. And they have, even when neighbors have walked away from [...]
Delaware FHA loan limits from now through 2012 have moved back to previous values. Single Family Delaware FHA Loan Limits by County: New Castle County Delaware – $420,000 Kent County Delaware – $376,250 Sussex County Delaware – $375,000 The FHA Loan Limit was significantly raised by congress in 2008 to help both Delaware first time home buyers [...]
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.
With recent guideline changes, AmeriFirst Financial, Inc. – a local Arizona based mortgage company - is pleased to announce we are now funding FHA loans with FICO scores down to 580. If you have been considering purchasing a home in Phoenix, now is the time to see if you can qualify. Don’t wait for interest rates [...]
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! [...]
If you are listing a home in Texas that isn’t quite move-in ready there is no reason to lose hope. In fact, you might be at a unique advantage simple because now you have the ability to offer a potential buyer a chance to customize/upgrade the house to their liking and finance all of the construction. How you ask? The answer is the FHA 203k renovation loan!
On October 1, 2011, FHA loan limits in Orange County, CA dropped from their current level of $729,750 down to $625,500. But on Friday, November 19, President Obama signed a new bill which reinstates the FHA loan limits for high cost areas, like Orange County and Los Angeles County, back to $729,750. This is great [...]
*This is not an offer to lend. 
Upside down on your Rhode Island home loan?
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New HARP 2.0 Refinance Loan Program is Expected to Help Thousands of Underwater Homeowners in Atlanta
