Great news for Rhode Islanders looking to purchase a home through FHA, the “90 day seasoning flip rule ” has been temporarily lifted by FHA. This change will allow buyers in Rhode Island to use a FHA Mortgage when purchasing investor and bank owned properties that have been owned for less than 90 days by the seller.
On [...]
All of Rhode Island, Rhode Island - 401-524-9796
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
A short sale is a transaction where a seller sells the property for less that what was owed. Short sale is increasingly becoming a common option to sell a house in San Jose and rest of the Bay area. If you went through a short sale you could have this question – Do I now [...]
San Francisco Bay Area, California - 408.905.6261
Fannie Mae’s HomePath REO Program is Great for Boise, Idaho Investors with As Little As 10% Down on Investment Properties.
That is right only 10% down on investment properties when you purchase a home path eligible property and go with Home Path financing. This is not only a great program for investors but for homeowners and [...]
Boise, Idaho - 208-859-5825
Buying a new home with an FHA 203k Streamline may be the way to leverage the home you want with a very limited down payment. The real estate market in the Eugene/Springfield/Lane County area has a lot of great deals for those willing to look past the surface of a home. I work with several very exceptional Realtors® and know some of the deals that are happening here. Many of them are being made by investors that know the time is right to buy. I also subscribe to several blogs and other services that keep me up on what is happening in our local market and just received one from Trulia which I found most interesting. Home values can vary widely for a number of reasons, including condition, location and urgency.
Eugene, Oregon - 541-342-7576
Idaho NSP Homeownership Assistance 20% down payment assistance program is a deferred Payment Loan and is due on the sale of the property. This zero interest loan is for foreclosures only (no short sales) !
The main details for this loan are below:
- Homeownership assistance provides funds for closing costs, interest write downs, and principal write [...]
Boise, Idaho - 208-859-5825
Are you thinking that you are going to get the next great deal on a home by buying a “Short Sale” and financing it through an FHA Insured Mortgage? Not a bad idea, however, be prepared for delays! Don’t expect to close within a two to three week window! “Short Sales” can be a real PITB (pain in the butt)! They can also be a great way to make an important investment in your family.
Eugene, Oregon - 541-342-7576
The Idaho FHA 203k Streamline Vs. Regular 203k Rehabilitation Loans. Great for Bank-Owned properties, Foreclosures, Short Sales and Fixer Uppers!! There is a big difference between the 203k streamline and the regular 203k rehabilitation loans. Below I have a Frequently asked Questions and answers section that should answer many of the questions you may be [...]
Boise, Idaho - 208-859-5825
FHA Mortgage, Interest Rates, Short Sale, USDA Rural Guaranteed Loan, VA Guaranteed Home Loan
Baltimore, Maryland - 410-963-2308
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