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 [...]
Many Maryland veterans have an advantage of financing their home using a VA Loan. But, what exactly are the requirements and eligibility for this great loan program in today’s lending environment? For starters, most military veterans in Maryland are eligible. There are exceptions. A veteran who was dishonorably discharged is not eligible. Maryland Veterans with [...]
Good news came from the USDA’s Rural Housing Program on July 1st. The new maximum income guidelines in Maryland for 2011 have been released, and most areas in MD received increases. This means that more people will be eligible for 100% financing, on their personal residence, in the less urban/rural areas of the state [...]
Maryland veterans prefers a A VA (Veterans Administration) guaranteed home loan over other loans. Why? For active, non-active, Reserve, National Guard, and retired military of the armed forces this loan is a great option because there is no down payment needed and no private monthly mortgage insurance required. VA mortgage loans can be used towards [...]
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 [...]
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 [...]
The highlights for the most popular Maryland FHA programs are as follows: Upfront Premiums: Added to the base loan amount & financed in the total loan Effective for Maryland FHA loans for which the case number is assigned on or after October 4, 2010, for Maryland FHA traditional purchase and refinance products, the upfront premium, [...]
Is the 203k loan a good idea to purchase a bank foreclosure in Baltimore, Maryland? Most (Real Estate Owned, Bank Owned) houses are run down. That is why banks sell them so cheap. The problem is that financed buyers can’t buy houses with holes in the walls, broken windows, missing bathrooms, filthy carpets, etc. Or [...]
In a recent announcement, USDA Rural Housing in Maryland has confirmed that the Agency will continue to accept and process application packages for USDA Rural Housing loans in Maryland. As has been done in the past when the program funds are not available, USDA Rural Development will now issue loan approvals in Maryland (conditional commitments [...]
Maryland is changing it’s FHA guidelines on April 5th 2010. and here are 3 important changes you need to know about. The new Maryland FHA upfront mortgage insurance premium (UFMIP) will be 2.25% for all purchase and refinance loans up from 1.75% Maryland FHA seller contributions will be cut in ½. You will be limited to a [...]
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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
