Tag Archive | "fha mortgage"
Can I Get a FHA Mortgage to Buy a Condo in New Jersey?
So you want to buy a condo in New Jersey using a FHA loan. Is it allowed?
Continue reading...FHA Loan Myths | FHA is Only for First Time Homebuyers
Saturday, June 4, 2011
Even though first time homebuyers often utilize FHA financing, it’s important to know that the Federal Housing Administration is not exclusive to 1st time homebuyers. In fact, FHA loans can be used again and again by buyers that meet FHA qualifying guidelines. Whether you’re interested in purchasing a home or refinancing, an FHA mortgage might
Continue reading...Getting Over the Down Payment Hurdle
Thursday, June 2, 2011
One of the top questions asked by first time homebuyers is how much money they will need to come up with for the down payment on a home. The answer depends on several factors: Credit history Purchase price of the home Are you eligible for down payment assistance
Continue reading...Top 3 Mistakes Made by FHA Homebuyers in Colorado Springs, CO
Sunday, May 29, 2011
Whether you’re a first time homebuyer or you are making a move up, mistakes in the home buying process can be made. Avoiding them can save you time, money and a lot of frustration. 1. You Selected the Wrong Mortgage With so many loan programs to choose from, understanding which suits you best is imperative.Â
Continue reading...Did you hear about the changes to New Jersey FHA Mortgage Insurance Premiums
Sunday, May 22, 2011
On August 11, 2010, bill HR 5981 was signed into law. What are the effects on prospective home buyers? Here is a brief summary: Hip Hip hooray!!! – If you are currently looking at an FHA loan with a value of $250,000, your closing costs will go down due to a decrease in the Upfront
Continue reading...FHA Loan Limits in Colorado | How Much Home Can I Afford?
Tuesday, April 26, 2011
If you’re interested in purchasing a home and utilizing FHA financing, you might not be aware of the maximum loan limits assigned through the FHA for the Colorado area. The FHA loan limits are determined not only by state, but county as well.
Continue reading...FHA Down Payment Assistance Best Kept Secrets
Sunday, April 10, 2011
Are you a First Time Homebuyer ready to purchase a home, but don't believe you'll ever have the ability to save for the down payment? Then I have good news for you! Rather than throwing your hard earned money away on rent forever, let's take a look at the many alternative down payment sources that are acceptable to FHA.
Continue reading...Maryland 203K FHA Mortgages
Wednesday, April 6, 2011
Here are a few quick bullets that outline the guidelines for the different types Maryland 203k FHA mortgages. 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 —————————————– FHA 203K REHAB – Maryland —————————————– This loan allows a customer to finance
Continue reading...Your Credit Score and FHA Guidelines in Bergen County NJ
Wednesday, April 6, 2011
The Obama administration and HUD have two main goals several goals to improve the credibility of the FHA home loan programs. The first is to increase FHA loan reserves and the second is to reduce loan defaults and foreclosures. In order to do so, loan eligibility has been more closely linked to credit scores as outlined in the following FHA
Continue reading...What FHA Closing Costs Can the Seller Pay?
Monday, April 4, 2011
Seller contributions can make a big impact for a first time home buyer struggling to save the required 3.5% down payment let alone all other related fees. A seller who understands the benefit and has the ability to offer assistance could make the difference between purchasing a home now and continuing to rent.
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Sunday, June 5, 2011
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