downpayment assistance: Go get your $7,500 15-year interest free loan from the government! - 11/18/08 01:01 PM
ACT NOW! $7,500 Tax Credit available...
Tax credit offered to new homebuyers
Expires June 30, 2009!
1. Who is eligible?
· First-time homebuyers or any homebuyers who have not owned a principal residence in the last three years.
2. Who does it work?
· Eligible purchasers can claim the $7,500 credit … (0 comments)
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downpayment assistance: St. Louis Area Downpayment Assistance Programs - 11/15/08 10:16 PM
Did you know that St. Louis is one of the greatest areas in the United States for receiving free downpayment and closing cost assistance? Numerous municipalities and counties in the area offer what most call the HOME Program.
For Example both St. Charles and St. Louis Counties offer $10,000 of downpayment … (0 comments)
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downpayment assistance: There's Still a Chance to Reinstate DPA! - 11/10/08 10:01 AM
As you know, AmeriDream and other Down Payment Assistance (DPA) programs were eliminated October 1, 2008 due to the passage of H.R. 3221. You are probably asking yourself how Congress could eliminate these programs that are so critical to the stabilization of home prices and our economy.
We need you … (3 comments)
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downpayment assistance: Update on HR 6694 - FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 - 11/06/08 07:29 PM
HR 6694 has not received any press lately, but many people have asked me if there were any updates. As of right now (November 6th, 2008), it has passed through the House Financial Services Committee, but has yet to be voted on by the House of Representatives...to refresh your memory, this … (3 comments)
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downpayment assistance: HUD IS OFFERING $100 DOWNPAYMENT INITIATIVE ON HUD HOMES - 11/04/08 05:06 PM
HUD IS OFFERING $100 DOWNPAYMENT INITIATIVE ON HUD HOMES
November 4th, 2008 categories: Real Estate Resourcing
It’s a great time to Purchase a HUD Home with FHA financing!
HUD is offering a $100 Down Payment Initiative for owner occupants purchasing a HUD Home with FHA financing (with full price offers). … (1 comments)
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downpayment assistance: What a Commercial Broker Doesn't Tell You - 10/24/08 09:51 AM
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Investors who are seeking commercial financing should choose their mortgage company wisely. The tight credit markets of today are creating a new breed of mortgage marketeers. The majority of them are pitching easy financing with up 100% LTV loans. You should be aware of these mortgage companies and … (0 comments)
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downpayment assistance: $700 Billion Bailout - Boom or Bust - Downpayment Assistance HR 6694 - 10/07/08 07:04 PM
I think it's safe to say that no one really wanted the $700 billion bailout. Unfortunately something had to be done as the credit cash-flow spigot was down to a drip. Even those with good credit were beginning to have difficulty getting funding of today's tighter standards approved loans. Not only … (11 comments)
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downpayment assistance: Major FHA Overall Means the Days of 100% Financing Are Finally Over, For Now… - 10/06/08 01:34 PM
It's official, as of Oct. 1 2008, the beloved days of 100% financing are now dead. President Bush signed historic legislation on July 30th that boosts mortgage finance companies Fannie Mae and Freddie Mac and authorizes a $300 billion expansion of Federal Housing Administration loan guarantee programs. The mortgage industry has … (0 comments)
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downpayment assistance: American Dream Downpayment Initiative Still Has $500,000 in Baltimore City - 09/30/08 05:46 PM
The American Dream Downpayment Initiative (ADDI) is back and they have $500,000 to give away, that is $10,000 per household to qualifying buyers who are purchasing their first home.
American Dream Downpayment Initiative aims to increase the homeownership rate, especially among lower income and minority households, and to revitalize and stabilize … (0 comments)
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downpayment assistance: Nehemiah Program and downpayment assistance (DPA) - 09/30/08 04:37 PM
October 1 Virtual Town Hall with Scott Syphax
Join Scott Syphax, President and CEO of Nehemiah Corporation of America, for a 30-minute virtual town hall meeting on Wednesday, October 1, at 10:00 AM Pacific / 1:00 PM Eastern.
In addition to answering your questions, Scott will discuss the following: the status … (0 comments)
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downpayment assistance: Bipartisan legislation would reauthorize downpayment assistance - 09/17/08 08:26 AM
H.R. 6694 is approved by key Congressional Committee
GAITHERSBURG, MD - Ann Ashburn, President of AmeriDream, issued the following statement today after the House Financial Services Committee adopted H.R. 6694, legislation designed to reauthorize and reform downpayment assistance programs that the Bush Administration banned in July.
"Today's committee vote was … (2 comments)
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downpayment assistance: Nehemiah Will Host on September 17 a Virtual Town Hall with Scott Syphax - 09/16/08 06:28 PM
September 17 Virtual Town Hall with Scott Syphax
Join Scott Syphax, President and CEO of Nehemiah Corporation of America, for a 30-minute virtual town hall meeting on Wednesday, September 17, at 12:00 Noon Pacific / 3:00 PM Eastern.
Scott will discuss the status of H.R. 6694, reveal the latest trade … (2 comments)
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downpayment assistance: UPDATED NEWS FOR DOWN PAYMENT ASSISTANCE!! - 09/16/08 03:49 PM
H.R. 6694 is approved by key Congressional Committee
Bipartisan legislation would reauthorize downpayment assistance
GAITHERSBURG, MD - Ann Ashburn, President of AmeriDream, issued the following statement today after the House Financial Services Committee adopted H.R. 6694, legislation designed to reauthorize and reform downpayment assistance programs that the Bush … (0 comments)
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downpayment assistance: Part 2 - Down Payment Assistance Rescue H.R. 6694 - 09/15/08 11:08 AM
With the melt down of Lehman Brothers Holdings Inc., once the fourth-largest investment bank in the US, the buy out of Merrill Lynch by Bank of America, Insurance Giant AIG looking for $40 Billion in "shore up money", and over 117 banks on the FDIC Watch List (source www.cnbc.com), the negative impact to the real … (4 comments)
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downpayment assistance: Down Payment Assistance Rescue H.R. 6694 - 09/10/08 02:05 PM
By now, everyone, or almost everyone, is aware that the Housing and Economic Recovery Act of 2008 was signed into law by President Bush on July 30th, 2008. The bill was strongly supported by the NATIONAL ASSOCIATION OF REALTORS® (NAR). What many don't know is that NAR did not oppose SEC. … (1 comments)
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downpayment assistance: Down Payment Assistance Rescue H.R. 6694 - 09/10/08 01:25 PM
By now, everyone, or almost everyone, is aware that the Housing and Economic Recovery Act of 2008 was signed into law by President Bush on July 30th, 2008. The bill was strongly supported by the NATIONAL ASSOCIATION OF REALTORS® (NAR). What many don't know is that NAR did not oppose SEC. … (9 comments)
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downpayment assistance: Chairman Frank and HUD Secretary Preston Negotiate DPA Agreement - 09/09/08 09:23 PM
Chairman of the House Financial Services Committee, Barney Frank, has discussed publicly the fact that he has negotiated an agreement with HUD Secretary Steve Preston that will provide for the continuation of privately funded downpayment assistance.
The agreement allows HUD to impose risk-based pricing on downpayment assistance transactions which provides … (0 comments)
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downpayment assistance: DPA Negotiations On Capitol Hill Take A Positive Turn - 09/09/08 09:20 PM
Pro-Down Payment Assistance (DPA) legislation got a boost from HUD Secretary Steve Preston and Congressman Barney Frank, Chairman of the House Financial Services Committee.
Apparently Chairman Frank and Secretary Preston reached an accord that will allow seller-funded gifts to be applied towards buyers' down payments...with HUD imposing risk-based pricing on transactions using … (13 comments)
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downpayment assistance: HR 6694 is gaining momentum! Will Seller-Funded Downpayment Assistance be saved after all?? - 09/09/08 05:09 PM
Rumor has it that HR 6694 is building momentum, and seller-funded downpayment assistance programs may have life after September 30th after all! Even HUD, which has traditionally opposed programs such as Nehemiah, Ameridream, etc. seems to be supporting HR 6694. If it is passed, the legislation will create some new requirements … (1 comments)
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downpayment assistance: Down Payment Assistance Programs In Tucson Out Of Funds - 09/08/08 10:58 PM
Need help coming up with a downpayment on a new home? In Tucson, public grant money is all but used up for the year.
Family Housing Resources announced today that down payment assistance programs (DPA) funded through FHA, Chicanos Por La Causa and Old Pueblo Community Foundation are suspending operation … (6 comments)
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downpayment assistance: The Ameridream Scam - 09/07/08 12:32 PM
I have been reading this morning about the fact that the seller assistance down payment programs are going away, everybody seems to be up in arms, the world is ending and a house will never sell again.
I work mainly in the REO arena, we have a larger inventory and see … (15 comments)
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downpayment assistance: Say goodbuy to SELLER PAID DOWN PAYMENT - Maybe forever? www.SKIPtheBULL.com - 09/06/08 11:42 AM
Time is running out for down payment programs where the seller pays a non-profit company who in return pays the buyers down payment. Gone forever?
The same consideration should be given to hiring a REALTOR & Mortgage Broker as hiring any other professional. When I look for a doctor, … (0 comments)
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downpayment assistance: 100% financing taking its last breath? - 09/05/08 04:59 PM
With all the foreclosure talk and the reasons behind it, it may come as a surprise to some that 100% financing still is alive and well. While conventional lenders have abolished straight 100% financing, the Federal Housing Administration (FHA) loan has again become the favorite loan program for home buyers everywhere.
… (0 comments)
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downpayment assistance: How I Saved a Realtor's $3.5MIL Listing with Equity Financing - 09/03/08 08:09 PM
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Hello Everyone!
This is my story on how equity financing if properly executed will save your deal. We normally don't fund residential equity deals as we did a few years ago. However, when I got a call earlier this year from a desperate LA Realtor who found us … (3 comments)
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downpayment assistance: PROPOSAL TO REINSTATE DOWN PAYMENT ASSITANCE AND RISK BASED PRICING FOR FHA - 09/02/08 03:23 AM
In the past few weeks, we have provided a great deal of information on H.R. 3221, The Housing and Economic Recovery Act of 2008. This bill will provide many provisions aimed at helping the housing market recover and include: a new FHA refinance program for homeowners who are upside down in … (0 comments)
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downpayment assistance: How is 100% LTV Commercial Financing Possible? - 08/30/08 08:04 AM
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100% Commercial Financing
The principles of 100% financing have always intrigued the savvy investor. It is the financing product of choice if you can get it. The reality is it does not exist in this domestic market. Bancofino recognizes this immense need for maximum financing and in conjunction … (0 comments)
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downpayment assistance: HUD Publically Admits It Mismanaged FHA - 08/29/08 04:43 PM
OK - so that's the headline. However, this video is an eye opener. Just don't think the public at large is getting all the facts on this issue. Not nearly enough outrage out there.
Remember, HUD has still refused to release any of the records or information they say supports their … (6 comments)
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downpayment assistance: Central Florida Realtors and LOs: CALL YOUR US HOUSE REPS! - 08/29/08 08:56 AM
Support H.R. 6694 to Reform and Save DPA!
Contact Your Elected Officials Today!
President Bush signed H.R. 3221 Housing and Economic Recovery Act of 2008 into law on July 30, 2008. Included in this bill was the elimination of downpayment assistance (DPA) programs. Borrowers who are credit approved prior to … (2 comments)
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downpayment assistance: Downpayment Assistance Programs Work! - 08/26/08 11:09 AM
I have been hearing a decent amount of criticism from folks inside and outside of the real estate industry re: Downpayment Assistance Programs. The sentiment seems to be that if folks can't cough up the FHA 3 percent (now 3.5 percent) downpayment for their home purchase - well, then thy don't … (6 comments)
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downpayment assistance: Attention Brazoria County Homebuyers - 100% Home Loans Still Available - 08/25/08 01:26 PM
Even with the recent ban on seller assisted DPA's there are still low or no-down mortgage options out there. Most of Brazoria County is eligible for the "USDA Rural Development Loans" which may either be borrowed directly from the USDA or backed by the USDA. You can qualify for up to … (0 comments)
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downpayment assistance: Any word on the Bill to SAVE the Down Payment Assistance Programs? - 08/22/08 12:08 PM
Hi,
I know that the Downpayment Assistance Programs are on the blocks to go away at the end of September thanks to the recently signed Housing Bill. However, I also know that there is a new Bill specifically trying to save the Down Payment Assistance programs.
Do you know where that … (1 comments)
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downpayment assistance: Downpayment Assistance Conference Call Podcast - Listen Here - 08/20/08 12:28 AM
Ok folks, here it is... the inaugural podcast for the Florida Mortgage Blogger website. I had the pleasure of speaking with Mr. John Lamberg, Florida Area Manager for the Nehemiah Corporation. John provided a wealth of information on how DPAs work, how Realtors and Loan Originators can use them to increase … (2 comments)
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downpayment assistance: New info that will affect Buyers by September 10th, 2008! - 08/19/08 04:42 PM
You may have heard that the housing bill passed two weeks ago will end Downpayment Assistance Programs on September 30th, 2008. However, it's important that you know that recently, many government investors have begun proactively eliminating the program in advance of that deadline, like Chase. As one of the market lenders … (1 comments)
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downpayment assistance: Lender Alert- Housing and Economic Recovery Act - 08/17/08 10:55 PM
Dear Valued Partner,
On July 30, 2008, the President signed H.R. Bill 3221, also known as the Housing and Economic Recovery Act, into law.
Effective January 1, 2009, the Bill raises GSE (Fannie Mae, Freddie Mac) loan limits to the greater of $417,000 or 115% of the median housing price in the area, up to a … (0 comments)
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downpayment assistance: Housing and Economic Recovery Act of 2008 - 08/13/08 05:58 PM
We have all been hearing about the changes in lending that's coming down on or about October 1st of this year. The reason we haven't been given a complete summary of it is because it is 694 pages long. The big question it seems that everyone is asking is "How will … (0 comments)
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downpayment assistance: When is it a good time to be taken? - 08/13/08 02:15 PM
A recent question was posed about the alternate forms of "Rent-to-Own" or "Seller Financing" and that got me thinking about several problems buyers face today. First of all, the times always seem to be right for scammers and profiteers to take advantage of those people who are just trying to figure a way into a home … (0 comments)
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downpayment assistance: You Can Get a Really Good Deal - 08/11/08 02:02 PM
Remember When?
Remember when a house would be on the market and people lined up and bid up the price of the home? It would be on the market for only a couple of days before it was sold. The seller could virtually name their own price. Today, six months or … (6 comments)
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downpayment assistance: Housing and Economic Recovery Act of 2008 - 08/09/08 11:52 AM
On July 30, 2008, the President signed into law the Housing and Economic Recovery Act of 2008, a sweeping $300 Billion rescue plan to help struggling homeowners avoid foreclosure, and to boost confidence in the sluggish housing market. This legislation contains a number of victories for REALTORS® and American homeowners including … (0 comments)
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downpayment assistance: Loss of Downpayment Assistance Programs May Force Local Market Lower - 08/06/08 04:04 PM
What impact will the loss of downpayment assistance programs like Nehemiah and Ameridream have on housing prices overall? And how about in already foreclosure-depressed markets like Arizona, Nevada, California and Florida?
One realtor here in Scottsdale that I spoke to the other day felt that it will send prices even lower … (5 comments)
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downpayment assistance: UnusualCommercialLoans.us Funds 100% LTV on Income Producing Properties • No Money Down! - 08/06/08 02:08 PM
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100% Financing?
How?
Bancofino's Unusual Commercial Loan Division (UCL) looks at weird loans from a holistic approach. We are story based lenders and brokers. We can relate to the borrower's wants and needs. We don't just look at FICO's, DSCR's, etc. We look at the borrower's business plan and … (0 comments)
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downpayment assistance: Help Save the FHA Down Payment Assistance Programs! - 08/06/08 12:23 PM
Call To Action!!!
An unfortunate part of the recently signed housing legislation is slated to eliminate the Downpayment Assistance programs that allow Sellers to contribute the FHA loan down-payment through programs like Nehemiah.
There is a new proposal, H.R. 6694 that would save the Downpayment Assistance programs. I encourage you to … (4 comments)
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downpayment assistance: Do you need downpayment assistance? We can help you get $30,000 to $120,000 - 08/05/08 12:04 AM
We are successfuly guiding our first time homebuyers through the wonderful downpayment assistance program maze. First Time Buyers, I can help you qualify for programs offering $30,000 to $70,000 of downpayment assistance for many areas of San Diego, including in North County, and $120,000 of downpayment assistance for Rancho San Diego in El Cajon. Many programs … (2 comments)
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downpayment assistance: Realtors - We will pre-qual buyers for up to $120,000 in downpayment assistance - 08/04/08 11:57 PM
We are successfuly guiding our first time homebuyers through the wonderful downpayment assistance program maze. Realtors, if you'll allow me to work with you and your clients, I can obtain $70,000 of downpayment assistance for some areas of San Diego, and $120,000 of downpayment assistance for El Cajon. Many programs available. VA … (0 comments)
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downpayment assistance: Unusual Commercial Loans.us • How to Get 100% Financing for Gas Stations, Bars, Restaurants, Car Washes, etc • We Say YES When Banks Say NO! - 08/04/08 02:59 PM
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WHY ARE THESE PEOPLE EXCITED?
THEY ALL GOT 100% FINANCING!
Bancofino approves over 90% of unusual and weird loans submitted for review. How can we do that? First, we stress to our potential borrowers to make sure their loan package submissions are as complete as possible. Applications must be completed … (8 comments)
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downpayment assistance: Down Payment Assistance May Not Be Dead!!! - 08/04/08 11:09 AM
Last Thursday night, Congress introduced bipartisan legislation, H.R. 6694 that would reauthorize and reform charitable downpayment assistance. This bill would remedy a harmful provision in the new housing law which limits homeownership opportunities for low and middle-income Americans. The legislation, sponsored by U.S. Reps. Al Green (D-TX), Gary Miller (R-CA), Maxine … (4 comments)
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downpayment assistance: Realtors -- Are You Being Bombarded With Requests to Support H.R. 6694? - 08/04/08 12:43 AM
I am.
The President had barely had time to recover from signing the Housing and Economic Recovery Act of 2008 (which he did behind closed doors since he had opposed it for so long and then decided his veto would be over-ridden, so he better just go along), when some Congress-persons … (1 comments)
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downpayment assistance: Seller Funded Downpayment Assistance not done yet? - 08/03/08 07:17 AM
Evidently the final word on seller funded down payment assistance for FHA purchases has not be said. It had surprised me that this week had passed with not word from any of the DPA programs after the Housing Bill had passed Congress and eliminated seller funded DPA.
Friday night I received an … (14 comments)
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downpayment assistance: FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 - 08/02/08 04:06 PM
FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008
This bill - H.R. 6694 was introduced 8/1/2008 by U.S. Rep. Al Green (TX), and co-sponsored by U.S. Representatives Gary Miller (CA), Maxine Waters (CA), and Christopher Shays (CT).
It is a short addendum to the housing bill recently … (0 comments)
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downpayment assistance: Summary of the new Housing Stimulus Bill - 08/01/08 01:25 PM
H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed the bill on July 30, 2008. The bill includes the following … (0 comments)
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downpayment assistance: Bancofino Experiences a Flood of Unusual Loans Submissions Via ActiveRain • Keep Them Coming! - 08/01/08 08:18 AM
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Bancofino, creators of the 100% LTV commercial loan is on pace to doubling its loan production from this time last year. Investors, banks and brokers are beginning to realize the importance of 100% commercial financing. There is simply no one else offering this unique product. The flood of unusual … (0 comments)
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downpayment assistance: Told a Tempe Seller, you may want to get your house on the market today! - 08/01/08 02:37 AM
It's 10:00pm today and I'm talking with a homeowner in Tempe, Arizona that was thinking of selling one of his homes. I told him, if you want $250,000 you're probably going to fetch $265,000. Just get it out there today!
It's not a short sale!!!! - With down payment assistance … (2 comments)
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downpayment assistance: A lease option WIN WIN for all - 07/31/08 09:56 PM
I previously asked you how do you feel about lease option to purchase(s)? Today, I received a call from a very well respected agent that showed one of my listings. Her buyers were interested but only in a lease option for 12 months. So the natural questions come up...why do they … (3 comments)
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downpayment assistance: Down-Payment Assistance Programs Does it all end on October 1st? - 07/31/08 05:38 PM
After getting questions from saveral of my clients, I needed to get a better understanding of the situation so that I would be able to answer the question correctly.
What's going to happen with donwpayment assistance?
Below I have included a link from NAR on a PDF format to some sugestions … (2 comments)
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downpayment assistance: When It Comes to Choosing A Commercial Lender • Never Judge a Book by Its Cover - 07/31/08 11:14 AM
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BANCOFINO COMMERCIAL LENDING
YOUR AGGRESSIVE LEADER
When you are shopping for a commercial lender, what do you look for? Do you look for a fancy web site with all the bells and whistles? Are you impressed by a fancy office or a nice voice over the telephone? Do you … (2 comments)
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downpayment assistance: Downpayment assistance and 100% financing to end October 1, 2008 - RE/MAX and Paris911 - 07/30/08 12:36 PM
Hey all, if you have not heard here is the latest. I hate to be the one running through the streets yelling at the top of my lungs, the British are coming.
The British may not be coming, and if they were I am not sure it would be a problem, but there … (0 comments)
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downpayment assistance: Commercial Borrowers • Learn From Others, But Bring Your Loan to Us • We'll Close It! - 07/30/08 12:31 PM
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The best borrower is an educated borrower. We emphasize to our commercial clients about getting educated on securing a commercial loan. Be savvy! Learn as much as you can about the various programs being offered. Attend seminars, watch videos and ask plenty of questions about the complexities of commercial finance. It is not … (0 comments)
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downpayment assistance: Bancofino Funds Unusual Commercial Loans • Find Out How? - 07/30/08 10:53 AM
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Bancofino, the leader of the 100% LTV loan now funds unusual and weird loans. We gladly welcome your bank turn down loan no matter how unusual and weird it is, we will give you time of day. As you know, bank lenders are more stringent now more than ever … (0 comments)
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downpayment assistance: Dear Mr. Bancofino • How Can You Offer 100% LTV Commercial Loans? • Please Tell Us! - 07/30/08 08:42 AM
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LOAN ANALYSIS TEAM
APPROVES YOUR LOAN
We at Bancofino utilize a common sense approach to commercial loans. We are a story based mortgage company. We see the facts as they really are through crystal clear lens. We listen to you. We hear you. We work with you. Tell … (0 comments)
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downpayment assistance: Bancofino Turns Your Unusual Loan to a Normal Loan Approval • Call For Details! - 07/29/08 11:04 AM
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CUSTOM FINANCING
SUBMIT YOUR LOAN TODAY
Bancofino welcomes your bank turn down loans. It doesn't matter how weird or unusual it is, we will turn it into an approval. Our team of experts will analyze your loan submission and determine what is needed to convert your loan into … (0 comments)
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downpayment assistance: Bancofino Welcomes Competition and the Joy of Capitalism • God Bless America! - 07/29/08 08:20 AM
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FREEDOM!
Bancofino recognizes no peers in the commercial financing business. This is a dog eat dog world we live in. Only the strong will survive. He who offers the best product, the best service and the best terms will crush the competition. Therefore, no matter what industry you are … (0 comments)
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downpayment assistance: Bancofino Soon to be Hiring Commercial Loan Officers • Offer 100% LTV and Start Closing Loans! - 07/28/08 10:22 PM
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OFFER 100% FINANCING & CLOSE MORE DEALS
JOIN US TODAY!
Bancofino will soon be hiring commercial loan officers in your area. Are you happy with your mortgage broker? Are they paying you enough commission? Looking to offer a unique financing product? If so, feel free to contact us … (0 comments)
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downpayment assistance: Bancofino Offers a NO CLOSING COST Commercial Loan with NO DOWN! - 07/28/08 06:34 PM
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YOU HEARD IT RIGHT PARTNER!
NO CLOSING COSTS & NO DOWN LOAN!
Bancofino originates commercial loans with NO closings costs and NO downpayment! That is correct. Six out of ten commercial loans we originate entail no out of pocket costs to the borrower. How is this possible? We are … (0 comments)
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downpayment assistance: 100% Financing Sounds Real Good! Doesn't It? Ask Bancofino How to Get Your 100% Loan Today! - 07/28/08 12:09 PM
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100% FINANCING
GET YOUR 100% LOAN TODAY!
Yes! We can offer you a true 100% commercial loan! How do we do it? First, you must be realistic with your goals of achieving maximum financing for your project. Just follow some simple guidelines listed below:
Good credit.
Cash reserves.
A well … (0 comments)
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downpayment assistance: BANCOFINO WANTS UNUSUAL AND WEIRD COMMERCIAL LOANS NOW! - 07/26/08 11:26 AM
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UNUSUAL LOANS APPROVED!
APPLY TODAY
Do you have an unusual loan that has been turned down by your bank? Has your broker been shopping your loan to no avail? Can't find the approval you need? Look no more my friends. Bancofino to the rescue! We fund all types of commercial loans … (6 comments)
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downpayment assistance: MY INTRODUCTION TO ALL WHO PARTICIPATE IN THIS GROUP - 07/26/08 08:52 AM
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Welcome to the "About Mortgage and Networking" Group!
I started this group because I feel there is a need for mortgage and real estate professionals to openly discuss their ideas, concerns, suggestions and the need for good unbiased advice from members within the Group. I take great pride in … (0 comments)
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downpayment assistance: U.S. Foreclosures Double as House Prices Decline - 07/25/08 09:11 AM
Not a pretty picture painted by the media...home ownership is escaping the & middle class families in alarming rates....down payment assistance programs being done away by our congressman & senators.
The Las Vegas area, where home prices fell -37.6 percent June 2007-June 2008. Las Vegas had the third-highest foreclosure rate, with one in … (6 comments)
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downpayment assistance: Mortgage Bailout and Downpayment Assistance - 07/24/08 03:34 PM
The mortgage bailout looks like it is going to sail through congress now that President Bush has withdrawn his objection to the $3.9 billion set aside to help the neighborhoods effected the most by foreclosures. I can't say that I like all the aspects of this bill. As it stands right … (6 comments)
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downpayment assistance: HR 3221 - It's on Bush's Desk...will he sign it? - 07/24/08 02:05 PM
Per Nehemiah's Legislative Update section of its website, both the House and Senate concur with regard to HR 3221 with its recent amendments. It is moving forward with the language that does eliminate 3rd party downpayment assistance programs.On pages 479 - 481 of the bill, the elimination of down payment assistance … (6 comments)
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downpayment assistance: The End to Downpayment Assistance? - 07/23/08 05:46 PM
http://www.getdownpayment.com/updates/news.asp
Here is a link for Downpayment Assistance News from the Nehemiah Program.
I have used downpayment assistance programs to assist families for years and from throwing money away on rent. Hud says they need these changes because these loans are foreclosed on at Higher rates . well in my area ,Realtytrac shows … (2 comments)
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downpayment assistance: TAKE ACTION - 07/22/08 02:25 PM
… (0 comments)
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downpayment assistance: Downpayment Assistance - On its Deathbed - 07/22/08 11:38 AM
As the Washington Post reported yesterday, and the Sacramento Bee is reporting today, HUD, the US Senate, and the US House of Representatives are making another attempt to ban downpayment assistance - this time through legislation. This latest attempt to ban downpayment assistance is a small element of a much broader … (3 comments)
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downpayment assistance: REALTOR Toolbox: Maximum Seller Buy Down Explained - 07/22/08 01:40 AM
Ann Heitland (Flagstaff, AZ) asked a question a few days ago about the meaning of "maximum seller buy down," and I answered in a comment on her blog post.
I'd like to give the topic wider exposure; you'll be a hero to your sellers if you can offer them this often-overlooked … (18 comments)
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downpayment assistance: Mortgage/Real Estate Coaches! • Teach Equity Financing Earning Residual Income! - 07/16/08 01:19 PM
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Trainers, Teachers, Consultants and Coaches
Teach Equity Financing for 100% LTV Loans • Earn Residual Income!
Federal Funding, the creator of the 100% LTV financing program with equity financing, will soon be introducing it's latest product. It is called the EquiFund Trainer Program. What is that? Only select individuals … (1 comments)
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downpayment assistance: Puyallup Real Estate Update 7/7/08 - 7/14/08 - 07/14/08 01:40 PM
Puyallup residential real estate pending sales were up from the previous week, which is a sign the real estate market in Puyallup is making the turn towards a sellers market, however it has a long climb to get there.
Buyers still have a significant advantage when purchasing in Puyallup. Oftentimes, sellers are … (1 comments)
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downpayment assistance: What is Equity Financing? - 07/08/08 10:34 AM
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WHAT IS EQUITY FINANCING?
The EquiFund Program is a taxable grant program. Equity capital is provided to buyers purchasing a business, commercial or residential property. Equity from the seller's business or property is converted into cash given to the buyer for downpayment funds. The available amount of equity … (0 comments)
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downpayment assistance: The Most Commonly Asked Questions When Purchasing Investment Property at 100% LTV - 07/07/08 09:50 AM
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INVESTOR'S FAQ
THE MOST COMMONLY ASKED QUESTIONS
Q: I am a serious investor. How do I get started?A: Invest in the Deluxe EquiFund Calculator and sign up for training.
Q: Why do I need the EquiFund Calculator and training?A: Our tools, training and education are required for Program … (0 comments)
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downpayment assistance: Equity Financing • The New Way of Thinking! - 07/07/08 08:41 AM
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STUCK INSIDE THE BOX?
THINK OUTSIDE PEOPLETHIS IS NEW SCHOOL!
The EquiFund and EquiCash Programs are cutting edge equity driven products that are rapidly changing the industry. They require "out of the box" thinking in order for you to understand the advantages and benefits offered. The Program enhances … (0 comments)
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downpayment assistance: Does 100% Commercial Financing Really Work? What is the Catch? - 07/07/08 08:20 AM
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HOW DO SELLERS BENEFIT BY PARTICIPATINGIN THE EQUIFUND PROGRAM?
THE ANSWER IS SIMPLEA QUICK SALE!
Commercial property owners looking to sell their vested interests in multi-family, office or shopping centers need not look any further than by joining the EquiFund Program. Our focus is twofold. If you have a … (0 comments)
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downpayment assistance: FHA Down Payment Assistance - continuance being debated - 06/30/08 10:37 PM
The AP news article reported last Friday that non profits are battling with the administration whether to end FHA down payment assistance programs.
Associated Press June 27,2008
Senate bills proposed eliminating the program. House bills proposed new regulatory controls, but to keep the programs functioning.
The numbers involved are impressive. The article … (3 comments)
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downpayment assistance: Qualifying more buyers - expanding the buyer pool - 06/26/08 06:16 PM
I had posted a previous blog about expanding the pool of available buyers, but received only few comments. It seems to me to be one of the critical focuses in our industry. We are watching the fed, concerned with program changes, seller's not listing low enough, or buyers not being realistic … (5 comments)
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downpayment assistance: Seller Paid Downpayment, FHA seeks input on seller assistance for downpayments - 06/15/08 09:19 AM
This is a headline today in the Times Free Press Chattanooga, Business section.
The article specifically refers to HUD "renewing its efforts to address risky government backed seller-funded downpayment assistance loans that are more likely to lead to foreclosures."
This is another example of all too common bad news writing. The … (2 comments)
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downpayment assistance: WHO IS FEDERAL FUNDING, LLC? - 06/14/08 08:37 AM
Commercial Investment Advisors
Loan Originators
Equity Lenders
Mediators
Federal Funding, LLC is a Dallas based commercial equity lender. We are commercial investment advisors and loan originators. We offer our services to buyers of commercial and residential properties nationwide. The Company funds all types of transactions where equity in the … (0 comments)
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downpayment assistance: WHERE IS COMMERCIAL & RESIDENTIAL EQUITY FINANCING GOING? THE SKY IS THE LIMIT! - 06/14/08 08:24 AM
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EQUITY FINANCING: A VIABLE OPTION
EQUITY FUNDINGS ON THE RISE
Commercial and residential equity funding is stronger than ever. Buyers are beginning to realize the benefits of using equity to purchase real estate. The most recent statistics reflect six out of ten buyers do not have sufficient funds to qualify … (0 comments)
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downpayment assistance: Down Payment Assistance That You Don't Pay Back!! - 06/06/08 01:39 PM
10 Reasons to Buy to a Home
•1. This is a buyers market
•2. You get more for your money
•3. You have access to financial assistance
•4. Interest rates are at a 40 year low
•5. Tax benefits that you simply don't having renting
•6. Inventory!
•7. Equity that builds … (0 comments)
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downpayment assistance: We're Partying June 14th! (you might even learn something...if you're not careful!) - 06/05/08 07:59 PM
We're partying on Aldorn Drive, everybody! Come join us Saturday, June 14 from 10-2. Terry Galligan from Old Pueblo Community Services will be there with lots of information about the various Down Payment Assistance programs available in Tucson & Pima County, Hiram Gonzalez with Home Loan Executives will be … (5 comments)
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downpayment assistance: 2936 Cedar Crest Drive, Apopka - No Money? No Problem! - 05/29/08 03:44 PM
2936 Cedar Crest Drive, Apopka, FL
2936 Cedar Crest Drive, Apopka, FL 32712 View Map
NO MONEY DOWN - SELLER WILL PAY 6% TOWARDS CLOSING COSTS & DOWN PAYMENT!
Walk to the new Wolf Lake Elementary & Middle Schools! New 3 Bed/2 Bath, Office/4th Bedroom, 1/3+ Acre, 3 Car Side … (0 comments)
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downpayment assistance: Mortgage Tip - 05/23/08 10:56 AM
As the use of FHA financing increases dramatically, the use of seller-funded down payment gifts is also increasing. We're getting many questions regarding the verbiage that is required in a sales contract if the seller is contributing the mandatory 3% FHA down payment. Here it is:
"Seller agrees to contribute 3% … (1 comments)
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downpayment assistance: Fannie Mae, Keys To Recovery - Great News! - 05/18/08 11:45 PM
I wanted to provide you with some great news that surely should add some hope in the air and put a few more thousand families a little bit closer to homeownership. Many of you might recall last December, when virtually all of Northern Virginia (and over ½ of the country), … (0 comments)
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downpayment assistance: Lake Mary, Florida - FHA Loan Limits & Down-Payment Assistance/Gift Money - 05/16/08 10:27 AM
FHA recently increased their loan limits and have created new opportunities for buyers to purchase homes.
Loan Limits in Orange & Seminole are now $353,750.
How can this help you get into a home if you have limited resources for a down-payment and closing costs?
FHA … (0 comments)
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downpayment assistance: FHA loans within today's changing market - 05/14/08 01:41 PM
I am seeing more and more buyers obtaining FHA loans. The process is a little more detail oriented than a conventiontional loan but I think that it is well worth it for the buyers, especially for buyers without strong credit scores. The interest rate has been less than a conventional loans(depending … (0 comments)
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downpayment assistance: Down Payment Assistance for Buyers! - 05/13/08 09:59 PM
Down Payment Assistance for Buyers!
Finally a program designed to actually HELP Buyers and Sellers.
Since most Buyers no longer have that big gold nugget saved up to put down on the closing table… Since Sellers are sitting there waiting for a qualified Buyer to come along… Since … (8 comments)
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downpayment assistance: Agents and REALTORS: The FHA Mortgage is a Fantastic Sales Tool in Tough Markets! - 05/04/08 11:42 PM
My REALTOR partners are closing sales for Tucson buyers who have income, but have saved little towards a downpayment. Buyer demand is strong for zero down homes, or nearly zero down. Here's what you need to do to close more sales using the advantages of an FHA mortgage:
This is a MUST: Make sure your … (21 comments)
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downpayment assistance: Does FHA offer Rehab Loans...of course they do - 05/01/08 03:41 PM
Who needs a Rehab Loan from FHA Do you need a Rehab Loan Program from an FHA approved lender.
The FHA 203(k) streamline program is the Federal Housing Administration’s primary program for the rehab loans for single family dwellings. The FHA 203 (k) Rehab loan program allows Minnesota homebuyers and … (2 comments)
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downpayment assistance: Tacoma Washington First Time Home Buyers Assistance $20000 Available - 04/28/08 11:25 PM
Are you looking to buy a home in Tacoma Washington? If so then you might qualify for the City of Tacoma Downpayment Assistance Program.
Designed to help home buyers who can afford the payments but do not have the money for a downpayment or closing costs. Tacoma will loan up to $20,000 … (2 comments)
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downpayment assistance: Affordable Housing in Austin? The City can give you a boost! - 04/22/08 02:22 PM
So you think you can't afford a home in Austin? Well, yes, things are getting pricey, but not out of reach. If you're on a tight budget and looking to buy your first home, the City of Austin wants to help! They will give you $10,000- $40,000 to help you into … (0 comments)
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downpayment assistance: What do First Time Home Buyers, College Students, and Second Homes have in common - 04/17/08 04:05 PM
First Time Home Buyers take advantage of housing market
MN First time home buyers in a Buyers' MarketWith so many homes on the market, MN First Time Home Buyers have the luxury of finding the perfect home. There is no need to rush an important decision or compromise your expectations. More … (0 comments)
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downpayment assistance: Great Loan Programs Available for My Clients!! - 04/02/08 06:30 PM
Reminder: OPEN HOUSE 1334 Saddle Rock DR, Houston, TX 77088 This Sunday from 2:00PM to 4:00PM!
Please stop by and see all the ways we can help you buy this property MLS 3038224!
This is Jonathan Carrington, Mortgage Consultant with Liberty Bank and Trust. I just want to update you on some … (0 comments)
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downpayment assistance: Nehemiah Program--Down Payment Assistance - 03/28/08 02:09 PM
Nehemiah, FHA, and Minnesota Home Buyers
Minnesota Home Buyers, primarily those with moderate to low income, got a big break recently as a federal judge ruled that HUD did not adequately explained their decision to reverse a policy allowing seller-funded down-payment assistance on FHA-backed loans.What this means for home buyers nationwide … (7 comments)
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downpayment assistance: Down Payment Assistance - The Nehemiah Program - 03/24/08 09:47 PM
The Nehemiah ProgramThe program exists for one simple purpose: helping people become homeowners. The Nehemiah Program® provides gift funds for downpayment and closing costs to qualified buyers using any loan program that allows for downpayment assistance from a non-profit organization. Nehemiah has helped more than 250,000 individuals and families realize their … (0 comments)
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downpayment assistance: Hurray! FHA downpayment assistance programs are here to stay! - 03/07/08 02:57 PM
The United States District Court of Columbia issued a decison on Wednesday confirming that Downpayment Assistance foundations such as Ameridream, Genesis, and Nehemiah may continue operations indefinitely.
If you are interested, read the official ruling here.
This is really good news. An adverse decision could have further reduced active buyers in the market. This ruling, however, in conjunction with … (0 comments)
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