HUD has recently revamped their requirements for approval of Condominium Projects for FHA mortgages. Almost all condominium projects will need to obtain a new approval under the new HUD/FHA guidelines. This will add about 30 days to the the amount of time needed to complete the purchase of a condominium.
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| About the Author: |
Kristen Emery
Located in the heart of the Silicon Valley, Kristen Emery is a seasoned loan officer with Mortgage California Mortgage Californaia direct California FHA Mortgage Lender. We specialize in FHA Mortgage Loans for First Time Home Buyers and FHA Mortgage Loan Streamline Refi's. 408-256-3083 Kristen (at) myfhablog.com |
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One of the only loan programs that has not been hit hard with changes and government scruitny has been the VA guaranteed loans to our activy duty military, and eligible veterans.
Conventional and FHA loans limit what the seller can pay for for a new buyer on a real estate trasncation to just loan fees. VA, however, still allows [...]
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The Mortgage Rates for a 5 Year adjustable rate mortgage (ARM) sank to 4% (and lower in some cases)* yesterday for San Jose homes. Rate improvements yesterday has opened up great opportunities for San Jose home owners and First Time Home Buyers. This could be great news if:
You already own a home but plan to [...]
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Shashank Shekhar
I am a First Time Home Buyer and FHA expert serving San Francisco Bay Area. I have published 2 books on First Time Home Buying and have been featured on TV & Radio shows. My “legendary service” is reflected in 100% satisfaction record of my clients. I am currently CEO of Arcus Lending, a San Jose, CA based mortgage broker. I can be reached at 408.905.6261 or Shashank (at) ArcusLending.com |
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The FHA mortgage loan guidelines for loan qualification are the most flexible of all mortgage loans (OK, maybe not as flexible as this guy) that require less than 5% down payment. Although some of the guidelines have gotten more stringent, they are still the easiest loans on the market to qualify for today.
Following are the [...]
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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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FHA 90 Day Flip Rule is Waived for Idaho Buyers, Sellers, Investors
The last few years in the mortgage industry has been interesting to say the least. With FHA Doing away with the 90 day flip rule this will open up the market for investors and buyers to purchase properties and help eliminate some of the [...]
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You don’t need to be a 5 year old to believe in fairy tales. Ask Andrew and Cara, first time home buyers who thought their dream of owning a multi-unit home in New Jersey, would remain that – just a dream. This is because an evil ogre, also known as an ill-informed mortgage banker, gave [...]
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| 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 Federal Government recognized that home prices vary across the county, even within each state. Therefore, it allows for greater amounts to be borrowed in areas where the home prices are higher. Below is an easy reference chart for you to find the current maximum FHA loan amount for your NJ county. Keep in mind [...]
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| 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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A measure to help bring stability to home values and accelerate sale of vacant properties went into effect February 1st, 2010.
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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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More homes will become available for first time buyers in Arizona with the 90-day anti-flip rule being suspended for one year.
Previously FHA has not allowed any property to be sold for even a dollar more than the original price plus the cost of the improvements until at least 90 days of ownership. That additional holding time had [...]
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Derek Egeberg
Derek is a mortgage professional with over 9 years experience of government lending, both on the mortgage broker and banker sides of the business. His passions are: helping first time homebuyers as well as those who may need credit counseling. He resides in Yuma, AZ with wife Sheri and three wonderful sons. AZ-Yuma
Territorial Mortgage
928-314-1008 ext 13 |
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Despite recent changes to the program, the FHA Streamline Refinance program continues to be active in Orange County, CA. Interest rates have remained low as 2010 as gotten underway, allowing Orange County FHA borrowers who hadn’t taken advantage of low rates in 2009 to lock in a low rate now.
FHA Changes the Streamline Program Requirements
FHA [...]
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