If you are in the market for a new home in the St. Louis, St. Charles, or any where in the state of Missouri you will almost certainly be looking at distressed properties – – that is, short sales and foreclosures. My expereince as mortgage professional is with foreclosures and not with short sales. I [...]
Handy FHA & VA Mortgage Loan Waiting Periods Chart Due To Derogatory Credit For Seattle, Bellevue, & Lynnwood, WA It’s no secret that there are serious credit issues happening to a lot of people these days. A question that come up often is “How long do I have to wait until I can obtain mortgage [...]
In May of 2003 The Department of Housing and Urban Development (HUD) enacted a rule which made homes which were “flipped”, or resold within 90 days of purchase, ineligible for FHA financing. Flipping is sometimes done by legitimate and hardworking investors who buy a distressed property, often at auction after the home has gone through [...]
Vision & Creativity For That Challenged Home Realized With An FHA 203k Rehab Mortgage, Seattle, Bellevue, Lynnwood, WA If you might have avoided purchasing properties that require aesthetic repair or lack of financing to fix them, FHA has a program to suit your needs. The FHA Streamline 203k Rehab mortgage loan may offer you the [...]
Real Estate buyers and sellers are concerned with foreclosures everywhere, including Eugene/Springfield. However, what happens to the person who has had their property foreclosed. What are the long term effects?
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 [...]
FHA Straw Buyers are becoming a problem in Los Angeles County, San Bernardino County and Orange County. With many California homes in foresclosure, get rich quick artists are trying to fraudulently buy homes as owner occupied properties with FHA loans. Here’s how it works: A buyer makes an offer on a house, either with or [...]
In this post I am talking about eligibility guidelines for a San Francisco Bay Area FHA Loan after you have gone through Judgment, Collection, Bankruptcy or Foreclosure. FHA Loan after Collection and Judgment: FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before [...]
The FHA 203k Rehab loan in Texas is a wonderful program for buyers who don’t have the 20% down payment required for a conventional construction loan
The FHA 203k loan allows you to purchase one of these properties and roll the cost of the repairs into the loan. The loan allows you to use the “after improved value” so the construction money can be rolled in the loan then draws are made for the improvements with the end being one loan with a great low FHA rate!
*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
