FHA jumbo loans are great for home buyers in New Jersey and buyers who have less than a perfect credit history. The government has come to realize that in certain areas of the country, Northern New Jersey being one, that many homes cannot be purchased for the previous maximum FHA loan amount of $362,790. That is [...]
The Federal Housing Administration released approved loan limits on mortgages it would insure in 2011, leaving the ceiling unchanged at $729,750. The Economic Stimulus Act of 2008 and the Housing and Economic Recovery Act of 2008 raised the FHA loan-limit ceiling to help stabilize a shaky housing market. The national floor remains unchanged as well [...]
How can an FHA loan be a jumbo? A little history lesson may help you understand. In 1965 the Department of Housing and Urban Development (HUD) was formed. Within HUD operates the Federal Housing Administration (FHA), which has the primary responsibility for administering the government home loan insurance program. This program allows a first time [...]
Jumbo mortgage rates have touched lows not seen since 2003. Refinance your jumbo loan to save money on your monthly mortgage payment.
FHA Jumbo loans have low interest rates, are insured by FHA and are popular in Arizona for people wanting a jumbo loan.
It is commonly known that FHA loans are more readily available to those with less than perfect credit than conventional loans. So why would FHA lend those with a blemish or two on their credit history “jumbo” amounts of money? Well, the answer has little to do with the borrower’s credit score and everything to [...]
You don’t need to be a 5 year old to believe in fairy tales. Ask Andrew and Cara, first time home buyers who thought their dream of owning a multi-unit home in New Jersey, would remain that – just a dream. This is because an evil ogre, also known as an ill-informed mortgage banker, gave [...]
It is possible to purchase a home in the Eugene or Springfield area that is priced over $500,000 with less than 20 per cent down, but you need to be a Veteran. Most often we think of VA Guaranteed Home Loan as not requiring a down payment and that is true if the purchase price/loan amount is below $417,000 in Eugene/Springfield, Lane County Oregon. However, if you are purchasing a home for over $417,000 in our area, all of a sudden a down payment is required. Mortgage insurance for conventional jumbo loans is nearly non existant.
*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
