Tag Archive | "feed-on-other"
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...New Jersey $8,000 First-time Home Buyer Tax Credit at a Glance
Tuesday, November 10, 2009
$8,000 First-time Home Buyer Tax Credit at a Glance *The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase
Continue reading...Ways to Build Credit in Texas
Friday, October 30, 2009
Been told by your potential lender that you don’t have enough trade lines or that your scores are too low? Having credit scores above 620 and having at least three active trade lines are important parts of obtaining a mortgage loan. Below are some ways to build credit and develop good trade lines. Secured credit cards are an optimum way to start rebuilding your credit scores. You want a minimum of two credit cards and/or secured credit cards
Continue reading...Close Your Delaware FHA Loan in time for $8,000 Tax Credit
Tuesday, October 20, 2009
If you still want to buy a home in Delaware by November 30th deadline for $8,000 tax credit you better be very careful which lender you pick to do your mortgage. The big banks like Bank of America and Wells Fargo are already telling people they have to have a contract now in order to close because they won’t be able to get it done. Primary Residential Mortgage in Delaware can underwrite your loan in 24-48 hours and get your Delaware FHA Loan closed from start to finish in 2 weeks. We only need 4 days to get your title search done and only need 5 days to get your FHA appraisal completed. If you are looking to get your $8,000 tax credit for purchasing a home in Delaware then call me at 302-588-3665 to get a free mortgage planning appoitment. There is still time to close. If someone tells you that you can’t they are really telling you they can’t get your closed in time. Visit www.DelawareMortgageLoans.net Copyright
Continue reading...Update on Delaware FHA Condo approval process
Thursday, October 15, 2009
FHA had originally planned to eliminate spot approvals on Condos in Delaware and nationwide effective October 1, 2009. The new process would require the lender to approve the condo. FHA has decided to delay this until November 2, 2009.  This means any new FHA case numbers pulled on November 2, 2009 or after will have to follow the new FHA condo approval process. The new process gives lenders two options for approving condos. The first is called HRAP and is the HUD Review and Approval Process. The second option is called DELRAP which is Direct Endorsement Lender Review and Approval Process. The FHA mortgage Letter 2009-19 explains both processes in details. It also covers what types of properties are eligible. For example Condotels are not eligbile for FHA financing.
Continue reading...Delaware First Time Home Buyer Seminar – Oct. 24th
Wednesday, October 14, 2009
There will be a Free First Time Home Buyer Seminar on October 24, 2009 from 10:00 AM till Noon and from 1:00 PM till 3:00 PM at Christiana Hilton Hotel in Newark, Delaware . The seminar will cover all the basics of buying a home. It will cover Delaware First Time Home Buyer Programs, Delaware FHA loans, Delaware VA loans, and Delaware USDA loans
Continue reading...How to Purchase a Home with a FHA Loanwith almost Zero Down
Wednesday, October 14, 2009
For a limited time, up to 99.5 % financing is being offered to increase home ownership opportunities to individuals and families in California.
Continue reading...Are Las Vegas REO And Short Sale Listing Agents Discriminating Against FHA Borrowers?
Tuesday, October 13, 2009
With a drastic reduction in Las Vegas REO and Short Sale MLS inventory, some FHA First-Time Home Buyers are dealing with agent discrimination which is making things even more challenging on getting an offer accepted and closed in time to take advantage of the $8,000 Tax Credit . FHA and VA borrowers are often discriminated against due to the listing agents’ lack of education, experience or understanding about how these government insured mortgage programs work. What most real estate and mortgage professionals don’t realize is that the FHA has actually been updating its underwriting guidelines since 2005 for the purpose of becoming relevant again
Continue reading...Delaware FHA Streamline Refinances – Time is running out
Sunday, October 11, 2009
The FHA guidelines for streamline refinances in Delaware are changing on January 1, 2009.  If you want to be able to streamline without having an appraisal, no income verification, no asset verification, and no seasoning requirements then you need to do so before the guidelines change on January 1st. Now is the perfect time to streamline to a lower rate. Rates are at an all time low!! If you currently have a fixed rate of 5.875% or higher than you should investigate if refinancing makes sense. You could save thousands of dollars over the life of the loan. If you are in an adjustable rate mortgage than now is the perfect time to fix your rate. If you currently have a Delaware FHA loan then you can streamline to a lower rate without any income verification, no asset verification, no appraisal needed, and no seasoning requirements on the loan. If you don’t currently have a Delware FHA mortgage loan then you can still refinance for up to 97.75% LTV for a rate/term refinance or 85% LTV if you wish to take cash out of your home. The difference for these two prgrams is that an Appraisal will be required by a Delaware Licensed Appraiser that is approved by FHA. You will also be required to verify income and assets
Continue reading...FHA Streamline Changes Coming To AZ
Thursday, October 8, 2009
For many people who have FHA loans in Arizona, the FHA streamline program has been great because it has allowed them to refinance into a lower rate even if they owed more than their home is worth thanks to the no-appraisal requirements. But that is about to change on November 17, thanks to the new announcement from HUD and as our friend from NJ put it “ They took the streamline out of FHA streamline “
Continue reading...
Wednesday, November 18, 2009
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