Maryland FHA responds to Short Sales and here are the 5 things you need to know. Changes are effective immediately. Maryland borrowers ARE eligible for new FHA financing if they are 0X30 on the mortgage in the last 12 months and the proceeds from the short sale serve as payment in full. Maryland borrowers whose mortgage [...]
Ok, so the home buyer tax credit was recently revised and extended through April 30, 2010. And this time it includes extra provisions to allow repeat home buyers to benefit as well as first-time home buyers. Let’s breakdown the most important features and illustrate how you can take advantage of this tax credit: $8,000 First-time [...]
Buying a new home with an FHA 203k Streamline may be the way to leverage the home you want with a very limited down payment. The real estate market in the Eugene/Springfield/Lane County area has a lot of great deals for those willing to look past the surface of a home. I work with several very exceptional Realtors® and know some of the deals that are happening here. Many of them are being made by investors that know the time is right to buy. I also subscribe to several blogs and other services that keep me up on what is happening in our local market and just received one from Trulia which I found most interesting. Home values can vary widely for a number of reasons, including condition, location and urgency.
Zero-down home loan programs in Texas are few and far between these days, but one that remains available might be of interest to you – especially given some changes that make it more accessible.
USDA Guaranteed Rural Development loans offer 100% financing with no monthly Private Mortgage Insurance. While there are some geographic limitations for this program, if you are interested in eligible properties, you should take notice.
The Maryland 2011 FHA loan limits by county are unchanged from 2010. With only a 3.5% down payment, FHA mortgages have been a great mortgage option for First Time Home Buyers. 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 County [...]
If you have had to declare bankruptcy in Texas you are not ineligible for a mortgage loan. For the most part it’s just a matter of time before you can qualify for a loan. Generally speaking you need about 3 years from the time the bankruptcy was discharged. During that time it’s important to work on rebuilding credit and keeping your trade lines current.
Buying a home vs. renting in Texas is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and [...]
Maryland’s FHA proposed rule was published today in the Federal Register regarding lender eligibility and net worth requirements. 6 Things you need to know about these changes: 1. If accepted, these changes will take effect January 1st, 2010. 2. Maryland FHA proposes to no longer approve mortgage brokers for participation in Maryland FHA programs. 3. [...]
Would a webinar for my Oregon readers to discuss the Home Buyer Tax Credit is a good idea. I have chosen this method of delivery so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in scope with a presentation of the program guidelines and a question and answer session at the end of the presentation. We can’t call this a First Time Home Buyer Seminar since the extension added previous home owners to the tax credit. Right now, I am wondering if there would be the required audience for such a presentation.
Grand Prairie and Rockwall Counties in Texas have loan and grant programs to help home buyers with their purchases.
*This is not an offer to lend. 
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