Mold has become an ever present nuisance in vacant homes. Due to the expected rise in bank-owned or foreclosed properties, it is essential that everyone involved in a 203K transaction understands the need for an expert. Mold is difficult to completely remove and it’s removal should only be left to the experts. Not only will most investor’s require [...]
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 [...]
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 [...]
Loan limits are most likely changing as of October 1, 2011. Unless congress acts before then, the maximum amounts for high balance loans will be reduced per the attached schedule for the counties in Maryland. This is effective for both Conventional and FHA loans. There is also a possibility that the conforming limit of 417,000 [...]
In today’s real estate market, you need every advantage in selling your property. Most homebuyers are faced with a lack of available cash to purchase a home and to do the necessary repairs that might be needed. Why not attract more buyers by making sure your house is up to HUD/FHA standards? First let us [...]
Maine House hunters who purchase a Maine Home with an FHA mortgage loan may eventually decide to refinance the home to get a better interest rate, lower payments or to take advantage of the equity built up in the home. Maine homeowners are curious about FHA cash-out refinancing options–does the FHA allow a cash-out refinancing [...]
The overall Portland housing market continues to see recovery and stabilization helped along by many active buyers, more realistic sellers and continued low interest rates. An average single family home in Portland Maine can be found for just north or south of 200K and 250K to 300K will buy you a wonderful 3-4 bed, 2 [...]
FHA mortgage, First Time Home Buyers and Foreclosures? The 3 Fs of the real estate market of the St. Louis and St. Charles Missouri area. If it wasn’t for First Time Home Buyers, FHA mortgages, and Foreclosures there would barely be a real estate market in the St. Charles and St. Louis area. The FHA [...]
Understanding the FHA Mortgage Insurance Premium (MIP) * Disclaimer – all information in this article is accurate as of the date this article was written * The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1. Up Front [...]
The preliminary information given during pre-qualification and the subsequent documentation provided at application are extremely important to ensuring a smooth transaction. The more detailed and thorough you can be, the easier your FHA loan approval will be.
*This is not an offer to lend. 
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
