Sellers can pay veterans’ debt to qualify for a VA home loan
We’ve talked about seller contributions towards closing costs but did you know the seller can pay off a veteran’s debt to qualify? The seller contribution is limited to 4%. Typical VA closing costs in San Diego total about 2-3 % of the selling price; that “extra” 1-2% could be used to “buy the rate [...]
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Brian Brady Brian Brady is a 15-year veteran of residential real estate finance and a graduate of the School of Business at Villanova University. He serves on the National Association of Mortgage Brokers Membership Committee and lives in Solana Beach, CA. |
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Clarifying the $8000 tax credit for Seattle FHA home purchases
Due to recent confusion , here is how the FHA $8000 tax credit plays out according to the best of my knowledge and research.
Effective date- Good thru Dec. 1, 2009
Amount of credit– lesser of of 10% of the home bought or $8000
Eligible property- Any single family residence (including condos), provided it will be used [...]
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Glenn Hoch FHA lender in the Seattle, Washington area. 10 years experience. Love helping 1st time home buyers. 360-341-2653 |
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Thanks to the FHA Mortgage in Montgomery County, Pennsylvania the Housing Market is Picking Up!
Did I hear correctly? The real estate market in Montgomery County, PA is actually picking up?!?! Thanks to the FHA mortgage this is true!
For those of you who have been following my articles on a regular basis, you know that the past year has been pretty rough on the real estate market in our area. You also [...]
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Jason Klaskin Hi, I'm Jason Klaskin, Branch Manager of Innovative Mortgage Concepts, A Division of Academy Mortgage Corp. located in Harleysville, Pennsylvania a Montgomery County suburb of Philadelphia. I specialize in First Time Home Buyer Loans and Education, FHA Loans, FHA 203k Rehab Loans, USDA Loans and FHA Streamline Refinance. Our goal is to provide information and education to help our customers make informed decisions about their financing options. I can be reached at 215-513-1332 or jklaskin (at) in-mortgage.com. I look forward to speaking with you! |
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Top Ten Things To Know About A FHA Reverse Mortgage In New Jersey
FHA Reverse Mortgages are becoming more and more popular in New Jersey.
The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social [...]
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Tony Croft Tony Croft is a Mortgage Advisor and a Certified Mortgage Planning Specialist for Barclay Funding Corp., a Mortgage Banker in Bergen County, NJ. My team and I specialize in helping individuals and families understand the mortgage process, find, qualify for, and own the home of their dreams. We also assist clients in managing the equity in their home and investment properties. Our goal is to make the mortgage experience as enjoyable and stress-free as possible. We do this by meeting and exceeding our clients' expectations. Make sure you register for our Insider Mortgage Secrets and sign up for our FREE Reverse Mortgage Reports Contact us at 201-943-6800 or visit TonyCroftTeam.com |
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100% financing is still available for first-time home buyers in Rhode Island.
First -time home buyers in Rhode Island looking for 100% financing, it is still available. A first-time home buyer is defined as someone who has not owned real estate within the past three years. Combine this with the $8,000 tax credit, there is no better time to purchase in Rhode Island then now. *To take [...]
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Lynda Mckenzie Rhode Island Mortgage Master Inc 401-524-9796 |
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FHA Jumbo Purchase And Refinance In Virginia
New American Mortgage is now offering FHA jumbo purchase and refinance for Virginia. Contact us for pricing.
Purchase and Rate/Term Refinance
660 Minimum FICO for all borrowers
Max DTI ( debt to income) : 31/43
2 Appraisals required for purchase transactions, regardless of LTV
Gift Funds are not permitted, however, gifts of equity from family members may be accepted for [...]
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Naoma Doriguzzi I have been a Mortgage Consultant since 2003 and am committed to providing the best customer service! You can reach me or my mortgage team at anytime for the latest on your loan by email, text, phone, or social networking! We specialize in FHA, VA and VHDA mortgages in Virginia. New American Mortgage was voted "Virginia Beach Mortgage Company and Best Reverse Mortgage Company in 2009" |
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Indiana First Time Home Buyer Tax Credit
Indiana First Time Home Tax Credit
Revisited…
Lately, I have been getting some calls and emails about the Indiana First Time Home Buyer Tax Credit from some very confused Indiana home buyers and agents alike.
I want take just a moment and straighten out a few of the misconceptions that are there.
Lets set the record straight once and [...]
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Dave Woodson IN - Portage Indigo Financial Group (219)872-8000 |
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Maryland 1st. Time Home buyer CDA Mortgage Program
This is a mortgage purchase program for 1st time home buyers(fed definition) Fixed rate, 30 yr loans Used with FHA, VA or USDA financing.
Borrower’s can get Down Payment & Settlement Expense Loan Program. Money the state has appropriated to lend to 1sttime home buyers at 0% deferred, for them to use toward their settlement expenses. A Loan of [...]
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Bill Sohan MD - Baltimore Academy Mortgage 410-963-2308 |
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VA Loans for Orange County First time Home Buyers
There is still a 100% financing loan program for Orange County, CA first time buyers (and move up buyers). It is the VA loan program. While FHA is a very attractive program, VA does have its advantages for Orange County home buyers.
Two Big Advantages VA has over FHA for Orange County Home buyers
The first and most [...]
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Tim Storm CA - Orange County Crestline Funding 877.786.4243 x 7 Crestline Funding is a Direct FHA lender in Orange County, CA. We will process, underwrite, and fund your FHA and Conventional loans in our Irvine office. Tim Storm has 20 years experience working with Orange County First Time Buyers and closing FHA loans. Tim has also close thousands of Orange County FHA Streamlines Refinances. |
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A FHA Reverse Mortgage Can Prevent Foreclosure – New Jersey Reverse Mortgage Loans
Reverse mortgages can serve as an effective way to protect a homeowner from foreclosure.
Now you can stop a foreclosure with a Reverse Mortgage, which is not hard money or balloon loan that someone is normally pressured to get when facing a foreclosure. But a reverse mortgage can serve as a lifeline that saves one who [...]
| About the Author: | |
Tony Croft Tony Croft is a Mortgage Advisor and a Certified Mortgage Planning Specialist for Barclay Funding Corp., a Mortgage Banker in Bergen County, NJ. My team and I specialize in helping individuals and families understand the mortgage process, find, qualify for, and own the home of their dreams. We also assist clients in managing the equity in their home and investment properties. Our goal is to make the mortgage experience as enjoyable and stress-free as possible. We do this by meeting and exceeding our clients' expectations. Make sure you register for our Insider Mortgage Secrets and sign up for our FREE Reverse Mortgage Reports Contact us at 201-943-6800 or visit TonyCroftTeam.com |
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The $8000 Tax Credit: Can A West Bloomfield MI First-Time Homebuyer Use It For A Down Payment?
The $8000 tax credit: Can a West Bloomfield MI home buyer use it as a down payment? Well…if you ask the federal government they will say “YES”!, but if you ask any first time home buyer trying to purchase in West Bloomfield, Farmington Hills, Farmington, Livonia or anywhere, they will tell you “NO”! Why is this?
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Jeff Mifsud Jeff has been a successful FHA originator for over 13 years and is a former FHA Direct Endorsed Underwriter trained by HUD. Known nationally for his FHA expertise, he is the nation’s leading FHA trainer. As a regular contributor to the three leading industry periodicals including The Mortgage Press, Scotsman Guide, and Mortgage Originator Magazine, Jeff is passionate about how FHA Mortgage Programs can help First-Time Home Buyers realize their American Dream. (248) 320-9811 | jeff (at) TiredofRent.com |
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Mortgage Rate Roundup
Mortgage rates improved this week over last according to Freddie Mac. In their weekly survey of mortgage rates, the average interest rate offered declined approximately 0.125% for a 30-year fixed rate mortgage, for a rate of 5.20%. The average reported rate for a 15-year fixed rate mortgage declined also, although not as much, to close [...]
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Jim Sahnger Jim Sahnger is the V.P. of Palm Beach Financial Network, a mortgage broker operating in Palm Beach and Martin counties in South FL. We specialize in serving the needs of many different clients including first-time homebuyers, FHA, USDA and loans for luxury properties. Jim Sahnger can be reached directly at (561) 626-7813 or by email at jsahnger@pbfn.com. |
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Can I Use The $8000 First Time Home Buyer Tax Credit As A Down Payment?
The $8000 First Time Home Buyer Tax Credit is available for anyone who has not owned a home in the last 3 years and may be used as a down payment in certain situations.
To use the $8000 tax credit as a down payment, it will need to be set up as a soft second [...]
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Gerald Santoro Mortgage Planning Specialist since 1993, currently providing Real Estate Financing for clients across the country. My client base includes First Time Home Buyers , move up buyers, second home purchases, refinances,etc. Reverse Mortgages for clients minimum age 62. |
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Manufactured homes and FHA financing, an Interesting Challenge
Financing manufactured homes can be a challenge to especially if you have less than 20% down payment because of the issue of mortgage insurance not insuring a manufactured home, no matter what the strength of the borrower. However, FHA will insure a mortgage loan on a manufactured home with as little as 3.5% down. That is why an FHA mortgage loan is my first choice for financing a manufactured home in the Eugene/Springfield Oregon area.
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Fred Chamberlin Senior Mortgage Consultant with Alpine Mortgage Planning in Eugene/Springfield Oregon. Author of three blogs, http://eugeneloanguy.com, http://fhaloansoregon.com and http://no-money-down-usda-mortgage.com about lending practices and policies. Reach him at: 541-342-7576/541-221-3455 cell or email at eugeneloanguy@gmail.com. Apply online at www.alpinemc.com/fchamberlin.asp |
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No Money Down FHA In Virginia – VHDA FHA Plus
You can purchase a home with no money down with a FHA mortgae in Virginia using the VHDA FHA Plus program.
Here’s how it works:
You must be a first time homebuyer ( not owned a property in the past 3 years)
There is a 1st mortgage at 96.5% financing and a 2nd mortgage at 5% financing for [...]
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Naoma Doriguzzi I have been a Mortgage Consultant since 2003 and am committed to providing the best customer service! You can reach me or my mortgage team at anytime for the latest on your loan by email, text, phone, or social networking! We specialize in FHA, VA and VHDA mortgages in Virginia. New American Mortgage was voted "Virginia Beach Mortgage Company and Best Reverse Mortgage Company in 2009" |
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