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Bay Area FHA Loans after Collection, Judgment, Foreclosure and Bankruptcy
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 mortgage
Continue reading...Critical Changes to FHA’s Insurance Premiums & How it Impacts Inland Empire Homebuyers
13. August 2010
HUDÂ recently announced that starting October 4th, FHA is reducing the amount to be collected for their Up Front Mortgage Insurance Premium (UFMIP).
Continue reading...National Mortgage Licensing System online and ready
9. August 2010
All loan officers now have to be licensed through the National Mortgage Licensing System (NMLS) and the state they are doing business in unless they work for a national bank. So, if you are working with a loan officer you should find out if they are licensed. The NMLS now has an easy way to
Continue reading...Senate votes to increase FHA mortgage insurance rate
6. August 2010
Wednesday the Senate gave the Federal Housing Administration (FHA) the power to adjust its insurance premium structure as soon as the President signs it.
Continue reading...Senate votes to increase FHA mortgage insurance rate
6. August 2010
Wednesday the Senate gave the Federal Housing Administration (FHA) the power to adjust its insurance premium structure as soon as the President signs it. Touted as a method to help rebuild FHA’s depleted capital reserves this change could make a huge difference in mortgage payment for FHA buyers in Eugene/Springfield. The bill has already passed the house.
Continue reading...Reduced FHA Upfront Mortgage Insurance for Bay Area First Time Home Buyers
6. August 2010
FHA today announced reduction in upfront Mortgage Insurance Premium (UFMIP) for SF Bay Area First Time Home Buyers and FHA Streamline Refinance on Bay Area homes. A change that has been prompted by passage of H.R. 5981 in the congress, will reduce the upfront mortgage insurance premium to 1% from the current 2.25%.
Continue reading...FHA Announces Changes to Mortgage Insurance Premiums
5. August 2010
FHA announced on August 5, 2010 that with the passage by Congress of H.R.
Continue reading...CalVet or VA Loan | Which is Better for Orange County Home Buyers?
1. August 2010
The VA home loan program and CalVet program are two of the few 100% financing options available to Orange County, California home buyers. Â Only a few years ago there were all types of 100% financing programs available to nearly anyone who wanted to buy a home, but even with the tightening of lender guidelines, the
Continue reading...Free Delaware First Time Home Buyer Seminar – August 7, 2010
28. July 2010
There will be a Free Delaware First Time Home Buyer Seminar on Saturday August 7, 2010 at 10:00 AM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report.
Continue reading...Home Buyer University – Free Online Workshops for New Jersey Home Buyers
25. July 2010
Visit our Home Buyer University Free Online Workshops! FreeOnlineWorkshops.com
Continue reading...
16. August 2010
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