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Each month AR runs numerous contests as a way for our members to engage in activities
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Find informative stats, trends and insider tips on your state, county, city or neighborhood of choice. The insightful experts of ActiveRain share with you in a way only a local resident can.
fha loan products: UNDERWRITING REALLY ISN’T THAT MYSTERIOUS BUT IT’S NOT STANDARD BY ANY MEANS EITHER - Part 3 - 05/28/10 02:42 PM
In Part 1 and Part 2, I discussed the trials and tribulations of getting financing for a condo purchase as well as some of the problems with verifying a borrower's employment. In Part 3, I want to address something that Ralph Gorgoglione had asked about in his post and that was the new documentation requirements for FHA. The truth is that there isn't really any new documentation being requested by just FHA (except in property flips) but to those Realtors who are not familiar with an FHA transaction, the additional documentation required by FHA may seem like new documentation requirements. While there (12 comments)
You've applied for a mortgage, you've provided all of your documentation and you've been pre-approved for a loan. However, based on what you've been pre-approved for, all you can afford to purchase is a condo. That's ok though, you don't need much and you just want to be able to buy your own place so that you can stop throwing your money away on rent - right?
Unfortunately though, purchasing a condo these days has become incredibly challenging. Based on the FHA loan that you've been (13 comments)
fha loan products: ATTENTION LOS ANGELES & VENTURA COUNTY FIRST TIME BUYERS: FHA Waives 90-Day Seasoning Guideline - 01/19/10 06:23 PM
I subscribe to the daily webcasts of Think Big, Work Small (TBWS), which is hosted by these two guys, Brian Stevens & Frank Garay. TBWS was founded a couple of years ago by a bunch of real estate and mortgage people who wanted to teach others in the business how to work smarter to grow their business. Today's video was especially interesting because it talked about how FHA will now be waiving the 90-day seasoning rule starting February 1st. What does that mean for first time buyers here in Los Angeles & Ventura counties? It means that there are going to be (5 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the
real estate agents, loan officers and brokers listed on this site
. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for
the content in these profiles, that are written by the members of this community.