Tag Archive | "mortgage-master"
What Rhode Island Veterans Should Know About the VA Funding Fee.
 What Is The VA Funding Fee? The VA Funding Fee is a fee that is required in order to receive a VA loan.  The VA funding fee is what the Veterans Adminstration charges to guarantee the loan
Continue reading...$8,000 first-time home buyer tax credit available in Rhode Island, but time is running out!
Tuesday, March 2, 2010
First-time home buyers looking to purchase a home in Rhode Island, are eligible for up to 10% of the home’s purchase price, up to the maximum $8,000 tax credit just for buying a home. The latest stimulus package signed by President Obama makes these credits available to first-time home buyers on homes purchased between January 1,
Continue reading...Massachusetts FHA Streamline Refinance Program Ending Soon
Saturday, November 7, 2009
Only a little over a week remains for Massachusetts FHA mortgage holders to take advantage of one of the most popular and easiest refinance programs available…the FHA Streamline Refinance. Effective with FHA case numbers assigned on or after November 18th, those seeking a MA FHA Streamline Refinance will face much more stringent rules which effectively eliminate the program as we know it. Current FHA Streamline Refinance guidelines allow existing Massachusetts FHA mortgage holders to refinance their loan without the need for a new appraisal and without income or asset documentation provided that all mortgage payments have been made on time for the last year (or past 6 months if a newly purchased home)
Continue reading...Rhode Island first-time tax credit close to being extended.
Friday, October 30, 2009
Homebuyers looking to purchase a home in Rhode Island, may soon be able to take advantage of an extended tax credit, and it may not be just for first-time homebuyers. The National Association of Mortgage Brokers (NAMB) continues to monitor legisilation for the $8,000 first-time homebuyer tax credit, which is anticipated to be extended until April 30, 2010. The Obama Administration has urged Congress to pass legislation to extend the program from its original November 30, 2009 deadline. In addition, legislation may provide a $6,500 tax credit for some current homeowners but has not been finalized and should be voted on next week. “We welcome efforts taken by Congress to extend the first-time homebuyers tax credit for a limited period,” said Treasury Secretary Tim Geithner and U.S.
Continue reading...California First-Time Buyer Tax Credit Extension
Friday, October 30, 2009
The $8,000 California First-time Homebuyer tax credit is set to be extended until April 30, 2010. The Obama Administration has urged Congress to pass legislation to extend the program in Los Angeles County, San Bernardino County and Orange County from its original Dec. 1, 2009 deadline
Continue reading...Rhode Island home buyers may need more down payment.
Tuesday, October 6, 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...Warning, $8,000 first-time home buyer credit is getting close to expiring for Rhode Islanders.
Wednesday, September 16, 2009
Rhode Island first-time home buyers have until November 30th to close on a new home to take advantage of the $8,000 tax credit. Although the November 30th date is advertised everywhere as the drop dead date for the tax credit, it is important to be aware of some time tables. What first-time home buyers need to realize is with the popularity of the $8,000 tax credit, lenders, appraisers, title companies and closing attorneys are going to be busier than normal making their response time slower. They also need to know that the week of the tax credit expiration is the week of Thanksgiving and most companies will be closed four out of the five days at the end of the month due to the holiday.
Continue reading...Rhode Islanders who have their FHA loan application underwritten by Taylor, Bean & Whitaker, may be out of luck.
Sunday, August 9, 2009
On August 4, 2009, the third largest direct endorsed FHA lender was shut down from funding FHA mortgage loans. Taylor, Bean & Whitaker (TBW) of Ocala, Florida had their operations immediately shutdown by the Federal Housing Authority. The attached TBW press release can be found at this link:  http://ml-implode.com/info/TBW.pdf FHA Commissioner David Stevens said, “TBW failed to provide FHA with financial records that help us to protect the integrity of our insurance fund and our ability to continue a 75-year track record of promoting, preserving and protecting the American Dream. We were also troubled that the Company not only failed to disclose it was a target of a multi-state examination and a separate action by the Commonwealth of Kentucky, but then falsely certified that it had not been sanctioned by any state.
Continue reading...Special programs available for Rhode Islanders through HUD.
Wednesday, July 15, 2009
Did you know that Rhode Island has special programs for police officers, teachers, firefighters and emergency medical technicians? Â The program is called HUD good neighbor next door sales program and many Rhode Islanders can qualify for this little advertised program
Continue reading...What does FHA offer Rhode Islanders?
Wednesday, July 15, 2009
Today homeowners and Home buyers in Rhode Island, have many options under the Federal Housing Authority (FHA) program. Below are just a few of the many programs available
Continue reading...
Sunday, April 17, 2011
0 Comments