It is official. The bill HR 5981 has been passed and made into law. But what exactly does that mean to people in the process of LOOKING for a home? My hope is that these points will clarify any and all of your questions:
First the great news. If you are currently looking at an FHA [...]
FHA today announced reduction in upfront Mortgage Insurance Premium (UFMIP) for SF Bay Area First Time Home Buyers and FHA Streamline Refinance on Bay Area homes.
A change that has been prompted by passage of H.R. 5981 in the congress, will reduce the upfront mortgage insurance premium to 1% from the current 2.25%. At the same [...]
There will be a Free Delaware First Time Home Buyer Seminar on Saturday August 7, 2010 at 10:00 AM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in [...]
How can an FHA loan be a jumbo?
A little history lesson may help you understand. In 1965 the Department of Housing and Urban Development (HUD) was formed. Within HUD operates the Federal Housing Administration (FHA), which has the primary responsibility for administering the government home loan insurance program. This program allows a first time home [...]
There will be a Free First Time Home Buying Seminar on July 24, 2010 at the Christiana Hilton Hotel in Newark, DE from 10 AM till Noon and again from 1:00 PM till 3:00 PM. The seminar will cover everything you need to know in order to purchase a home in Delaware, Maryland, or Pennyslvania. [...]

