fha: FHA Green Mortgages- What is a Energy Efficient Mortgage? - 07/30/08 10:24 PM
From the FHA Website:
The Energy Efficient Mortgage Loan program helps current or potential homeowners significantly lower their monthly utility bills by enabling them to incorporate the cost of adding energy efficient improvements into their new home or existing housing. This FHA program eliminates the need for homeowners who are interested … (1 comments)
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fha: FHA Highlights: There are lots of goodies for everyone- - 07/28/08 05:07 PM
In an effort to keep FHA financing changes as simple as possible to understand; here is a brief list of the changes on our horizon for the Real Estate industry to know.
3.5% minimum cash investment for FHA loans (gifts allowed from family members, unions, state and local bond programs, etc).
Seller-funded DPA … (1 comments)
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fha: FHA financing alive and kicking- Nehemiah on its last leg: - 07/25/08 05:17 PM
FHA financing alive and kicking- Nehemiah on its last leg:
Today, the House of Representatives passed H.R. 3221, a wide sweeping piece of legislation that addresses a variety of housing related issues. The bill is headed for the President's desk where his prompt signature is expected.
On pages 479 - 481 … (1 comments)
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fha: FHA loan tip of the day… - 07/22/08 07:04 PM
Did you know that FHA allows the lender to deduct the monthly alimony payment from your clents gross monthly income when calculating there debt ratios?
Because of the tax consequences of alimony payments, FHA guidelines permit the lender to deduct the monthly alimony payment from the borrower's gross monthly … (1 comments)
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fha: FHA Risk Based Premiums Starts Today- - 07/15/08 12:02 AM
FHA Risk Based Premiums Starts Today-
In the past FHA up front fee was a standard 1.5% of the purchase price of the home. Starting today FHA has begun risk based pricing determined by our clients FICO score. This may be one more hurdle for a client when purchasing … (4 comments)
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fha: Jumbo FHA Buyers…Your Jumbo FHA purchase may be ready to refinance by fall - 06/16/08 10:19 PM
All the FHA Jumbo loans that have are funded at rates considerably higher than the standard FHA pricing will soon be eligible for one of the best perks of the FHA loan...the streamline refinance! Later this year, when presumably FHA will get the permanent lift on standard FHA loan limits to … (0 comments)
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fha: Green Mortgage Options Expand with FHA Financing- FHA News EEM’s Part 1: - 06/12/08 03:47 PM
As the popularity and necessity of FHA financing expands so does the occurrence of multiple bids on houses in the Bay Area. Yes- I did say multiple bids. So what can you do to better your offer you're presenting to stand out against the 13 bids I just saw in Brentwood, … (2 comments)
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fha: FHA Update: The more you know the more homes you can sell- - 05/22/08 09:48 PM
FHA Update: The more you know the more homes you can sell-
FHA UPDATE: HUD released Mortgagee Letter 08-11 on April 29th, defining new terms for acceptable "non-traditional credit". In a nutshell, HUD is defining different classes of non-traditional credit into Group I type and Group II type. With credit in … (0 comments)
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fha: Whats New With FHA- The Bay Area is Ready and Waiting… - 05/11/08 09:33 PM
Whats New With FHA- The Bay Area is Ready and Waiting...
The House of Representative was slated to resume consideration of a Federal Housing Administration refinancing bill this morning despite a veto threat from President Bush and efforts by Republican congressmen to disrupt House proceedings. The FHA bill (H.R. 3221) … (0 comments)
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fha: FHA will help the housing market- Here Is how - 03/11/08 10:38 PM
We all know that there were various "Liar Loans" that caused the majority of the housing down turn the past few years. The question I here on a daily basis from Realtors in the Tri Valley is, "What can we do to get qualified buyers into these phenomenally priced houses"? One solution: … (3 comments)
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fha: FHA Loans Helping Livermore & Dublin CA Communities and soon my clients- - 03/05/08 08:50 PM
Every time I try to find out what the current FHA loan limits are for my clients or what the proposed FHA loan limits may be I find myself in a never-ending search. Recently I was contacted by a Livermore and Dublin CA couples both looking for answers on how FHA … (0 comments)
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fha: House, Senate Pass FHA Reform Bills But Differences Hold Up the Final Version- - 01/07/08 09:19 PM
The FHA modernization bill that will increase loan limits and lower down payment requirements on FHA loans remain on hold until Congress return later this January. However the final version of the bill may take a bit longer. The delay is in part to two major differences between the House and … (0 comments)
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