Super Conforming Loan Limits are set to expire on September 30th!
“…even though we’ve seen some Minnesota VA mortgage rate rises in recent months they are still lower than last year.”
Here are a few quick bullets that outline the guidelines for the different types Maryland 203k FHA mortgages. For more information about a Maryland FHA Mortgage, Loan Limits, or FHA guidelines, please feel free to contact me directly. Bill Sohan 410-963-2308 —————————————– FHA 203K REHAB – Maryland —————————————– This loan allows a customer to finance [...]
Knowing what questions to ask your Maryland lender during or before the loan application process is essential for making your mortgage approval process as smooth as possible. Many borrowers fail to ask the right questions during the mortgage pre-qualification process and end up getting frustrated or hurt because their expectations were not met. Here are [...]
Come to our Maryland Home Buyer Workshop on April 5th or April 7th at 7pm. In just 60 minutes, you will receive the knowledge you need to buy in today’s market. Prospective buyers in Maryland will receive a realistic preliminary estimate of costs and required down payment and a mortgage pre-approval letter you can take to [...]
Video: Follow Up On Quarter Percent Effective Rise In FHA Mortgage Rates, Seattle, Bellevue, Lynnwood, WA Below is a video follow up to my post March 1, 2011. See how just a quarter percent can impact this buyers personal finances if they wait to act after April 18, 2011. For Additional Information Or To Get [...]
HUD Raising FHA Mortgage Rates by 0.25% - Seattle, Bellevue, Lynnwood, Washington Markets …well effectively at least. HUD (Department Of Housing And Urban Development) recently released it’s MortgageeLetter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers. Excerpt > Here is the stated Purpose: This Mortgagee Letter introduces a [...]
There are two different types of 203K Loans available to borrowers in Maryland. They are a Streamline 203K and a Full 203K. Some characteristics of a Maryland Streamline 203K are: Limits the types of repairs that can be done, but there is less documentation involved Can go up to $35,000, which must include the contingency [...]
I am often asked the question: what’s the difference between conventional and FHA mortgages? One of the major differences is who is backing the loans. Conventional loans are backed by Freddie Mac and Fannie Mae. FHA loans are backed by the Department of Housing and Urban Development (HUD). So you are probably wondering what difference that makes. The main difference that affects you is the different guidelines for down payment, mortgage insurance, and credit requirements. Here are a few of the main differences:
Our Maryland FHA 203K financing can be a great opportunity if you are a Maryland homebuyer or homeowner looking to renovate a property. Qualified Maryland customers planning to purchase or refinancing a home are eligible to use 203K loans for property renovations. Below are some examples of how this type of financing can benefit Maryland homebuyers, current Maryland [...]
*This is not an offer to lend. 
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