One of the least talked about programs that is available to help people purchase a home in Oregon is the Neighborhood Stabilization Program (NSP). Because I want people to know the programs that are out there, I have spenta lot of time on the First Time Home Buyer Tax Credit. This is because it helps people that have bought their first home make some fix-its happen and gives them a cushion against emergencies. So, I am surprised when I find out that a particular program designed to help the housing industry is not played up as much as I feel it should be. So, here I am shouting from the rooftops!!!
Eugene, Oregon - 541-342-7576
USDA Loans ARRA Refinance Funds NOW Available!
The USDA released a Notice of Funding Availability for USDA Loans Refinance Assistance under the American Recovery and Reinvestment Act of 2009.
USDA Loans Refinancing by using ARRA funds is more restrictive than typical USDA Loans.
USDA Loans ARRA Refinance Requirements:
The new USDA Loans must have an interest rate at least [...]
Tucson / Phoenix / Flagstaff / Kingman, Arizona - (520) 225-0380
Would a webinar for my Oregon readers to discuss the Home Buyer Tax Credit is a good idea. I have chosen this method of delivery so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in scope with a presentation of the program guidelines and a question and answer session at the end of the presentation. We can’t call this a First Time Home Buyer Seminar since the extension added previous home owners to the tax credit. Right now, I am wondering if there would be the required audience for such a presentation.
Eugene, Oregon - 541-342-7576
Idaho Home owners are facing declining home values. Falling home values makes it hard to refinance a home mortgage and take advantage of the great interest rates available.
The problem home owners have with refinancing when housing prices have fallen is that many home owners are upside down in there home. Meaning they owe more on [...]
Boise, Idaho - 208-859-5825
The American Recovery and Reinvestment Act of 2009 has had many New Jersey First Time Home Buyers asking questions about how to qualify.
Here are the Top 10 questions and answers all in one place:
1. Who is eligible to claim the $8,000 tax credit?
First-time home buyers purchasing a new or resold home are eligible. To qualify [...]
Edgewater / Bergen County, New Jersey - 201-943-6800
“Three Is a Magic Number” was one of the original songs from the Schoolhouse Rock! Series that aired on Saturday mornings during the ‘70’s.
The first verse of the song says:
Three is a magic number,
Yes it is, it’s a magic number.
Somewhere in the ancient, mystic trinity
You get three as a magic number.
For the numerous Arizona households [...]
Mesa, Arizona - 480-344-3662
Some good news (finally) for Orange County, CA FHA borrowers – FHA has eased the appraisal requirements for “high balance” loans. A High Balance loan in Orange County is considered to be any loan over $417,000, up to $729,750. Under the guidelines that have been in place since FHA began offering High Balance loan amounts [...]
Orange County, California - 877.786.4243 x 7
The Energy Efficient Mortgage can be added to an Oregon FHA203b but more likely an FHA203k. This Energy Efficient Mortgage gives the borrower/buyer the ability to add an additional $8,000 to their mortgage for energy related upgrades. It is available on a purchase or a refinance and should be a really great deal, however, I have found that the actual implementation might be troublesome. Cost versus benefit may not pencil out in the long run.
Eugene, Oregon - 541-342-7576
Grand Prairie and Rockwall Counties in Texas have loan and grant programs to help home buyers with their purchases.
Dallas, Texas - 972-407-7922
Welcome To My FHA Blog
Search For Lenders
Recent Contributors
