We all know what great sacrafices the members of our U.S. military make each day. Missing out on the first-time home buyer tax credit should not be one of them. Thankfully, Congress has acknowledged the unique circumstances affecting qualified service members*, by allowing the following exceptions that apply to both the $8,000 tax credit for [...]
Edgewater / Bergen County, New Jersey - 201-943-6800
While FHA has been hogging all the headlines
(no pun intended) another little known loan program has been gaining in popularity. For over 60 years, the USDA (Unites States Department of Agriculture) has been guaranteeing loans for farms and rural communities. Recently, however, the definition of rural has expanded to include any communities with a population [...]
Edgewater / Bergen County, New Jersey - 201-943-6800
There is a little known and under utilized home loan available in New Jersey and across the country. This loan provides 100% Financing! You read it right…..100% financing…..and no Mortgage Insurance!
Middletown/Monmouth County, New Jersey - 732-241-4015
New FHA guidelines have been announced to prevent short-seller sellers from buying replacement properties with an FHA mortgage.
These new FHA loan requirements apply in cases where “a previously owned property was sold for less than what was owed (short sale)” or “there is principal write down of indebtedness that cannot be refinanced into a [...]
Los Angeles / San Fernando Valley, California - 800-399-6890
FHA’s Energy Efficient Mortgage program (EEM) helps San Jose, CA homebuyers or homeowners save money on utility bills. This is done by enabling them to finance the cost of adding energy efficiency features to their house as part of their FHA insured loan.
EEMs recognize that reduced utility expenses can permit a San Jose homeowner to [...]
San Francisco Bay Area, California - 408.905.6261
In last 3 weeks, 30 year fixed mortgage rates have gone up 34 basis points for San Jose homes. Rates for 15 year fixed and 5 year ARM loans have gone up too.
In the latest results of its Primary Mortgage Market Survey® Freddie Mac reported 30-year fixed-rate mortgage averaged 5.05 percent with an average 0.7 [...]
San Francisco Bay Area, California - 408.905.6261
Housing and Urban Development (HUD) regulators are always trying to make things better and more transparent for borrowers. This time they have made some major changes in the Good Faith Estimate, a backbone of the mortgage industry. These changes will be taking place January 1, 2010 and are some very major changes that are designed to help consumers compare loans from one lender to another. Very major changes but unfortunately, we still don’t know what all of them are or how they are being interpreted because HUD hasn’t released the final information yet. This is something that will have a direct bearing on your Real Estate transactions in the Eugene/Springfield Oregon area and is supposed to make shopping for a mortgage easier, but will it?
Eugene, Oregon - 541-342-7576
Maryland FHA responds to Short Sales and here are the 5 things you need to know.
Changes are effective immediately.
Maryland borrowers ARE eligible for new FHA financing if they are 0X30 on the mortgage in the last 12 months and the proceeds from the short sale serve as payment in full.
Maryland borrowers whose mortgage was in pre-foreclosure [...]
Baltimore, Maryland - 410-963-2308
The FHA “Kiddie Condo” program has become a popular option for many parents with children living in Arizona. The combination of mortgage rates near an all-time low and a large supply of affordable houses has created an opportunity to own for less than it costs to rent.
The FHA “Kiddie Condo Program” is a nickname [...]
Mesa, Arizona - 480-344-3662
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