USDA Loan Guarantees Are Back
Over the last several months, we have continued to fund USDA Loans in Arizona based on our ability to obtain a Conditional Commitment Letter from the local Rural Development Office. However, not all lenders have been willing to continue funding USDA Loans off of a Conditional Commitment Letter [...]
Is the USDA Broke, AGAIN? Is the USDA really out of funds and will I be able to buy a home with USDA funds? What can I do to help keep USDA Funding?
Is your property eligible?
Guaranteed USDA Home Loans are thriving in Riverside County, California. In cities like, Murrieta, Menifee, Sun City and even parts of Temecula, home buyers are benefiting from this fantastic loan program.
It’s too good to be true. It’s not possible to have all of these components in one loan program.
- Anonymous
USDA Home Loan Highlights
100% Financing
No Down [...]
Rhode Islanders still have the opportunity to get 100% financing through the USDA program, also known as the “rural homes program”. The United States Department of Agriculture (USDA) offers two different types of programs; one called the Guaranteed Rural Housing (GHR) mortgage and the other Direct rural home mortgage.
The Direct program is offered directly through USDA to [...]
South Florida Home Sales Jump Led by Miami-Dade
Single family home and condominium sales were up across the board as all of South Florida beat the national numbers reported the National Association of Realtors today in terms of percentage increase in units sold for the month of December on a year over year basis.
Media outlets will [...]
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 [...]
Refinance USDA Rural Home Loan
Why It’s Time to Refinance Your USDA Rural Home Loan.. Now..
Many Arizona home owners who have existing USDA Rural Home Loan may be eligible for the program allowing for a Streamlined Refinance of their existing USDA Rural Home Loan into a lower fixed rate monthly payment.
But waiting a few more [...]
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 [...]

