In this post I am talking about eligibility guidelines for a San Francisco Bay Area FHA Loan after you have gone through Judgment, Collection, Bankruptcy or Foreclosure.
FHA Loan after Collection and Judgment:
FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before the mortgage [...]
San Francisco Bay Area, California - 408.905.6261
Is the 203k loan a good idea to purchase a bank foreclosure in Baltimore, Maryland?
Most (Real Estate Owned, Bank Owned) houses are run down. That is why banks sell them so cheap.
The problem is that financed buyers can’t buy houses with holes in the walls, broken windows, missing bathrooms, filthy carpets, etc. Or buyers don’t [...]
Baltimore, Maryland - 410-963-2308
Conventional financing won’t work on an unfinished property. FHA 203K loans require a Certificate of Occupancy which is unattainable if the property was never finished. If you lack the funds to purchase in cash you have but one option, the FANNIE MAE HOMESTYLE renovation loan. How does it work?
Atlanta, Georgia - 404-551-3845
The FHA 203k loan allows you to purchase one of these properties and roll the cost of the repairs into the loan. The loan allows you to use the “after improved value” so the construction money can be rolled in the loan then draws are made for the improvements with the end being one loan with a great low FHA rate!
Dallas, Texas - 972-407-7922
An FHA HECM Reverse Mortgage can be an excellent choice for Senior Citizens in Oregon. According to a 4 year old survey by AARP, the top five reasons are:
Eugene, Oregon - 541-342-7576
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:
Eugene, Oregon - 541-342-7576
This site gets questions about mortgage items and I answer the ones that I feel are the most interesting to me and hopefully to others. This one has to with a jointly held mortgage when the people are no longer joint. This can happen anywhere, not just in the Eugene/Springfield Oregon are. Here is the question:
Eugene, Oregon - 541-342-7576
Eugene/Springfield home buyers can find house for sale by the Department of Housing and Urban Development (HUD), called HUD Homes on the HUD website. These homes are first offered to people in the Eugene/Springfield, Lane County Oregon area that are going to use them for their primary residence. As an owner occupied purchase, many of the homes on the website qualify for a $100 special down payment program. That is right, only $100 down and if the seller (HUD) pays the closing costs, that means you can get into a home with only $100 out of pocket. One such HUD Home currently listed on the website:
Eugene, Oregon - 541-342-7576
A measure to help bring stability to home values and accelerate sale of vacant properties went into effect February 1st, 2010.
Middletown/Monmouth County, New Jersey - 732-241-4015
Welcome To My FHA Blog
Search For Lenders
Recent Contributors
