time: 2010 New Hampshire FHA and Conventional Loan Limits by County - Jumbo Cutoffs
- 01/12/10 08:38 AM
2010 New Hampshire FHA and Conventional Loan Limits by County - Jumbo Cutoffs Wondering what makes a Jumbo mortgage in New Hampshire for 2010? Here's the updated limit information, compiled from the Federal Housing Finance Authority and the Federal Housing Administration by county. County FHA Limit Conventional Limit Belknap $281,250 $417,000 Carroll $271,050 $417,000 Cheshire $271,050 $417,000 Coos $271,050 $417,000 Grafton $281,250 $417,000 Hillsborough $402,500 $417,000 Merrimack $302,500 $417,000 Rockingham $523,750 $523,750 Strafford $523,750 $523,750 Sullivan $271,050 $417,000 Again, for 2010, neither Agency nor FHA loans will observe a different limit amount than 2009. Please contact me if … (0 comments)
time: 2010 FHA Loan Limits for Massachusetts - A New Year, Same Numbers
- 12/31/09 06:39 AM
2010 FHA Loan Limits for Massachusetts - A New Year, Same Numbers As I reported previously for Rhode Island and Connecticut, 2010 is an year off from changes in maximum FHA loan amounts, and the same holds true for Massachusetts. Here are the area loan limits, by county: Barnstable County: $462,500 Berkshire County: $271,050 Bristol County: $475,000 Dukes County: $729,750 Essex County: $523,750 Franklin County: $318,750 Hampden County: $318,750 Hampshire County: $318,750 Middlesex County: $523,750 Nantucket County: $729,750 Norfolk County: $523,750 Plymouth County: $523,750 Suffolk County: $523,750 Worcester County: $385,000 For those who have read the Connecticut article, you'll notice that … (0 comments)
time: 2010 FHA Loan Limits for Rhode Island - Unchanged from 2009
- 12/31/09 05:28 AM
2010 FHA Loan Limits for Rhode Island - Unchanged from 2009 Yesterday, I wrote about the updated FHA lending limits for Connecticut. To learn more about the methodology used in calculating limits, I would suggest circling back to that article. Today, I want to pass along the same information for Rhode Island. This year has been a relatively quiet one in real estate pricing in Rhode Island. Almost all areas saw a decline in value, some very significant. If anything, I believe Rhode Island is fortunate not to have seen its FHA loan limits cut for this year. FHA limits are … (0 comments)
time: 2010 FHA Loan Limits for Connecticut - Just How Much Can You Borrow with less than a 5% Down Payment?
- 12/30/09 06:15 AM
2010 FHA Loan Limits for Connecticut - Just How Much Can You Borrow with less than a 5% Down Payment? There are fewer than 36 hours left until 2010, so it's time to start thinking about some of the changes we'll see in mortgages in the New Year. One aspect of lending that changes eery year is the amount that can be borrowed using the government's Federal Housing Administration (FHA) insurance program. Each county across the country is given a different amount based on average home prices within that county. For 2010, as 2009, certain counties have received higher than normal … (2 comments)
time: 6.5 steps to $6500: Getting the Move-up buyer's tax credit in 2010 for Providence and beyond!
- 12/29/09 08:12 AM
6.5 steps to $6500: Getting the Move-up buyer's tax credit in 2010 for Providence and beyond! Throughout 2009 there was a lot of talk about further means to stimulate activity in the real estate market. Many things were happening already: the Federal Reserve preserved the mortgage market by inserting itself as the largest, and sometimes only, buyer of mortgage backed securities; and an $8000 tax credit for first time homebuyers was instituted quite successfully, among other efforts. For 2010, congress has presented additional buyer incentives to maintain activity. If a flaw can be found in the original 2009 homebuyer tax … (3 comments)
Subject: FHA Gift Money (Sent via Activerain) Dan, My wife and I are in the process of buying a house. During the FHA preapproval process we noticed that we possibly were going to need a little help monitarily. Mywife's parents were more than happy to help us out. The only catch and this is my problem, is that the money that they gave us was cash and is considered "matress money," as it was never in the bank. We have filled out a gift … (2 comments)
time: FHA is great, but don't forget conventional options, too!
- 05/11/09 10:55 AM
I know that FHA, and other government products, have been all the rage lately due to difficulty in getting conventional loans and conventional mortgage insurance, but I think that a lot of mortgage originators have forgotten that there are still good conventional loans available without the high down payments frequently associated with them. For cost conscious borrowers, this can be especially important, as conventional loans do not require the high upfront mortgage insurance or guarantee premiums associated with government programs. In most areas, well qualified first time homeowners can get financing at as high as 97% of the purchase price of … (1 comments)
time: Economic Stimulus Act Signed Into Law - What does it mean for homebuyers?
- 02/17/09 04:02 AM
As I write this, the president is poised to sign the American Recovery and Reinvestment Act of 2009, better known as the $787 billion Economic Stimulus Plan. There has been much speculation about what this plan might do for housing, real estate, homebuyers, and mortgages, ranging from 2.99% to 4.5% mortgage rates, $15,000 tax credits, and more, but when the dust settles and the plan is signed into law, the final effect will be quite different. The most important thing the finaliztion of this plan will accomplish is it will end that speculation. Over the past few weeks, I have spoken … (29 comments)
time: Builders converge, but does their idea make sense?
- 01/14/09 01:59 PM
I attended a presentation yesterday regarding the possible solutions to the real estate problems currently facing Rhode Island, and, one of the things I learned about was a proposal by the National Association of Home Builders to stimulate home sales by artificially lowering 30-year mortgage rates to 2.99% for a 6 month period and to 3.99% for an additional 6-month period. I was interested in the concept, so I did some additional research looking for news articles related to this. I found one such article on the association website of the magazine of the landscaping industry. The two primary proposals offered … (1 comments)
time: Why You Should Talk to Your Creditors
- 12/15/08 05:50 AM
One night last week, I got home bright and early at 8:00 PM after a busy day of networking and loan applications. I opened my mail, and near about flipped. There on my credit card statement it said: “11/xx Late Fee: $39.00” People who know me well will tell you that I’m not a person who gets terribly angry, but after I read that, I have to admit that I didn’t really want to talk to anyone, and I certainly didn’t feel like addressing the problem. So I did what a lot of people will do – I set it aside … (1 comments)
time: CHFA and the $7500 Federal First-Time Homebuyer Credit
- 11/17/08 02:11 AM
Many of you who work in Connecticut are familiar with a very effective First-Time Homebuyer mortgage program offered by the Connecticut Housing Finance Authority. The CHFA Homebuyer Mortgage Program follows most FHA guidelines, but is restricted in regards to the buyers' income, and offers subsidized interest rates that are typically at a small discount to FHA rates. In my experience, the only reason I ever lose a Connecticut loan is to the CHFA program; unfortunately, it is a program we are unable to offer, as it is only available to mortgage companies with offices in Connecticut. On Thursday, I spoke with … (1 comments)
time: Why I'm Thankful This Thanksgiving -- Why are you?
- 11/20/07 01:09 PM
Going into my favorite holiday of the year, I want to take a moment to reflect upon 2007. It's been a good year so far, in spite of the turmoil that has rocked the foundations of the business, and I believe that much of that has to do with just a few factors. Here are some of those things that have helped my business in 2007, and that I hope will help to make 2008 even better: Positive people: I believe that the positive attitude of everyone I've been in touch with this year, from realtors and financial planners, to appraisers, attorneys, … (3 comments)
Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you!
2010 New Hampshire FHA and Conventional Loan Limits by County - Jumbo Cutoffs;)
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