FHA 203k Streamline
San Diego, Not All FHA Rehab Loans are Created Equal
As the first time home buyer and move up buyer credit gets closer to expiration it is quite apparent that there will be more activity of shoppers in a frenzy to make offers on the existing inventory. Another catalyst to create the “perfect storm” for some home buyers is the speculation that interest rates will [...]
FHA UFMIP Increase Coming – Buy Eugene/Springfield Now!
FHA’s Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Eugene/Springfield Oregon area will increase the current 1.75% to 2.25% on case numbers assigned after April 5. On a $200,000 loan FHA Mortgage Loan in Lane County, this is an additional $1,000 cost. Beating this deadline on a purchase will also qualify you for the First Time Home Buyer Tax Credit if eligible.
Portland Properties Available at Half Price for Good Neighbor Next Door
An excellent path to a super deal on a home in Portland is the FHA Good Neighbor Next Door (GNND) purchase program for law enforcement, teachers and emergency personnel. The GNND program allows these buyers to get a home at half price if they live in it for at least three years as their principal residence. Right now there are four such properties on the website in Portland, including this one:
HUD Lowers Price on Two Eugene HUD Homes
The Department of Housing and Urban Development (HUD) on their website of HUD Homes has a price reduction today for two of their Eugene homes, possibly making them an even bigger deal. These homes, called HUD Homes on are listed the HUD website. These two properties are first offered to people in the Eugene/Springfield, Lane County Oregon area that are going to use them for their primary residence. If there is not enough interest, then they will be offered to anyone.
Using an FHA 203K Streamline for Needed Repairs
This question was posted on our website recently. It is a complicated question with a very simple answer. If you want to purchase a home that needs some repairs and would like to include the repairs in your loan, the way to do it is with an FHA 203k Streamline. This loan works no matter where you are and is one of the easiest ways to get your home in tip top shape once you purchase it. The Eugene/Springfield, Lane County Oregon area has some prime properties that this is an exceptional way to advance. Here is the question:
Alaska Housing Purchase & Renovation Loans
This is NOT your FHA 203K Renovation Program. Alaska Housing Finance Corporation offers a special program for Alaska buyers who wish to purchase a home in need of renovations or updates.
Alaska borrowers can utilize this program to finance a new home and include renovations, using FHA, VA or Conventional financing. AHFC will allow you [...]
Maryland FHA Changes As Of April 5th 2010
Maryland is changing it’s FHA guidelines on April 5th 2010. and here are 3 important changes you need to know about.
The new Maryland FHA upfront mortgage insurance premium (UFMIP) will be 2.25% for all purchase and refinance loans up from 1.75%
Maryland FHA seller contributions will be cut in ½. You will be limited to a 3% seller [...]
10 Simplified Steps to Closing an Idaho FHA 203k Streamline Home Loan Mortgage
10 Simplified Steps to Closing an Idaho FHA 203k Streamline Home Loan Mortgage.
There seems to be a lot of confusion as to the process involved with an Idaho FHA 203k Streamline Home Loan Mortgage. Below I have outlined the process in order to simplify the steps involved and make it easier to grasp and understand [...]
5 More Ways to Go GREEN with FHA 203K!
With the economy flat and home prices stagnant people are looking to get more out of their renovations. Whether it is a FHA 203K purchase or a Fannie Mae Homestyle refinance, going green with your new renovation will pay dividends for years to come. Whether your goal be energy savings, an allergen free home or saving the planet; here are 5 fresh ways to go green on the next face lift for your home.
Maryland FHA Responds to Short Sales
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 [...]
