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Missouri FHA Loans for Mobile Homes
Did you know that it’s possible to finance a mobile home or manufactured home with an FHA loan? If you’re in the real estate industry, you probably did but if you’re reading this as a consumer you probably did not know that! Mobile homes are generally much lower cost than convention stick-built construction and the FHA realizes that this affordable housing option is an important demographic to hit.
Continue reading...FHA Jumbo Loans – Good for Bergen County and the Northen New Jersey Market
31. October 2009
Have you heard about FHA Jumbo Loans?
Continue reading...FHA Jumbo Loans – Good for Bergen County and the Northern New Jersey Market
31. October 2009
Have you heard about FHA Jumbo Loans? In 2008, the economic stimulus package was put into place. Part of the package was to offer FHA Government Insurance on higher loan limits than in the past. These larger FHA loans are known as FHA Jumbo Loans aka FHA Jumbo Home Mortgage Loan. FHA Jumbo Loans can be used to purchase or refinance a home in Bergen County and other high-cost areas in New Jersey.
Continue reading...Idaho $8,000 First-Time Home Buyer Tax Credit on the Verge of Extension
30. October 2009
The Idaho $8,000 First-Time Home Buyer tax credit is on the verge of extension. The Idaho First-Time Home Buyer Tax Credit is set to be extended until April 30, 2010 if it passes legislation. As it stands right now the tax credit is set to expire on December 1, 2009.
Continue reading...Tampa FHA Downpayment Requirement May Increase to 5%
22. October 2009
Tampa FHA home loan borrowers may want to act quickly in order to avoid a potential downpayment increase from 3.5% to 5%. It’s not the first time we’ve seen an increase of this type, and it’s not going to be the last. Just this pas year, the downpayment requirement for Tampa mortgage borrowers – and those across the country – was increased from 3% to 3.5%. Signs point to congress moving to bump up the percentage again – but by more this time around. A post by Steve Lines, an Arizona FHA Mortgage Specialist on this blog, provided some great info on what’s happening with this increase from a Congressional standpoint
Continue reading...USDA Rural Development Home Loan Has Lower Monthly Payments Than FHA AZ Mortgages
20. October 2009
USDA Rural Development monthly mortgage payments Did you know that for the same loan size and a similar rate that the USDA Rural Development Home Loan will ALWAYS have a lower payment than FHA? Sometimes the USDA Rural Development payment will be substantially lower.
Continue reading...New California FHA Streamline Rules
14. October 2009
California FHA Streamline loans will have dramatic new rules. Effective with case numbers assigned on and after November 17, 2009, several revisions to the FHA Streamline Refinance Program will go into effect. For those that may think doing FHA home loans in Los Angeles , Orange and Ventura Counties is easy, read below! Seasoning  -At the time of loan application, the borrower must have made at least 6 consecutive payments on the loan being refinanced. Payment History  -For mortgages with less than a 12-month payment history, all payments must have been made within the month due. -For mortgages with a 12 month or greater payment history, the borrower must have:                 -No more than one 30-day late payment in the preceding 12 months, AND               -Made all payments within the month due for the 3 months prior to the date of the loan application. Tangible Net Benefit  -Reduction in the total mortgage payment (PITI and HOA) of at least 5% for fixed to fixed. Fixed to 1-year ARM allowed, provided rate is at least 2% below rate on existing loan.
Continue reading...Rhode Island home buyers may need more down payment.
6. October 2009
Home buyers in Rhode Island looking to utilize the FHA (Federal Housing Authority) mortgage loan program may have to put down more money if Representative Scott Garrett (Rep- New Jersey) has his way.  A bill introduced in the U.S.
Continue reading...$8000 First Time Home Buyer Tax Credit Video
4. October 2009
The $8000 First Time Home Buyer Tax Credit is set to expire soon and is available for Rural USDA Loans .
Continue reading...There’s no better time than now for veterans to capitalize on a VA refinance
3. September 2009
Nationwide, demand for refinance loans continues to rise. Veterans who used a VA loan to purchase their home have access to one of the best refinancing programs on the market and extend to $729,750 depending on geographic location . These low-cost, high-reward options are helping spur the growing popularity of refinance loans across the country.
Continue reading...
18. November 2009
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