Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures – Short sales and foreclosures are everywhere. They often represent great [...]
FHA delays HVCC implementation for San Jose Home Loans until February 15, 2010. This was originally planned for a January 1, 2010 implementation. But, FHA announced today that the enactment of Appraiser Independence has been delayed. The new rule by FHA prohibits San Jose mortgage brokers and commission-based lender staff from ordering the appraisal. They can not [...]
Good News! FHA issued mortgagee letters today announcing major changes to FHA loan procedures. The following are highlights from the announcements: MORTGAGEE LETTER 2009-29: Appraisal Portability This mortgagee letter addresses the portability of appraisals for the purpose of facilitating the loan process when a borrower switches from one Federal Housing Administration (FHA) approved lender (first [...]
FHA issued mortgagee letters today announcing major changes to FHA loan procedures. The following are highlights from the announcements: MORTGAGEE LETTER 2009-28: Appraiser Independence This Mortgagee Letter provides clarification and reaffirms Federal Housing Administration (FHA) appraisal requirements related to appraiser independence and announces new requirements pertaining to entities that are eligible to order appraisals for [...]
With FHA mortgage rates at all time lows, the Las Vegas FHA Streamline Refinance has become a popular loan in 2010.
Is your Arizona FHA Mortgage Loan stressing you out because you owe more than your house is worth? If you have an Arizona FHA Mortgage Loan and you’ve been trying to get an FHA Refinance with today’s HOT Mortgage Rates, but couldn’t because you’re upside down on your house; I have great news for you. [...]
*This is not an offer to lend. 
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