Real estate blog entries tagged with fha by G.S. Group, Inc. Mortgage Services

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fha: Marketing your REO Listings as FHA 203KS Qualified - 06/06/08 11:45 AM

What qualifies your property as FHA 203K??? As long as the home loan is at or under the FHA county loan limits it is qualified. Condo/Townhomes need to be HUD approved.
FHA 203K

https://entp.hud.gov/idapp/html/hicostlook.cfm
HUD has defined eligible renovation as:
OWNER OCCUPIED PROPERTIES ONLY

Repair/Replacement roofs, gutters, and downspouts … (2 comments)

fha: Market your REO Listings as FHA 203KS Qualified - 05/29/08 08:25 AM

What qualifies your property as FHA 203K??? As long as the home loan is at or under the FHA county loan limits it is qualified.
FHA 203K

https://entp.hud.gov/idapp/html/hicostlook.cfm
HUD has defined eligible renovation as:
OWNER OCCUPIED PROPERTIES ONLY

Repair/Replacement roofs, gutters, and downspouts Repair/Replacement/Upgrade of existing HV AC … (1 comments)

fha: Can you STILL sell homes WITHOUT 100% financing or can you? - 03/30/08 10:52 AM

Now most 100% loan prgrams are gone.
Still available
VA Loans 100% LTV
USDA Rural Development 100% LTV ( where allowed)
FHA 97% LTV with DPA or Gift of funds
Conventional Loans Some products will allow 97% LTV with reduced PMI and gift if funds or even DPA.
If you are involved in any type of … (0 comments)

fha: Not all Condo's are FHA/VA approved. New FHA Limits equal even less. Why? - 03/18/08 01:56 PM

Be aware NOT all condominiums , townhouse and PUD complexes are FHA/VA approved for financing. When you have a pre approved buyer with either FHA or VA financing be sure to check the facility they are shopping is approved.
Approved HUD Condo List
____________________________________________________________________________________________
Especially now with the new FHA loan limits more … (0 comments)

fha: FHA/VA does not lend on all Condos/Townhomes/PUDS - 03/16/08 04:05 PM

As always I inform all my pre-approved FHA/VA buyers when looking for condo's to call me before making contract to verify the complex is approved. The buyer called me with the condo information just to be reasured it was on HUD's approved list.
Now with the new FHA limits more Condo facilties … (4 comments)

fha: HUD promo in Ohio and Michigan deemed Illegal according to RESPA - 02/22/08 10:59 AM

See the aticle below. The program has since changed to pay all agents for any sold HUD homes regardless if who is used for financing. Now they can't call it a RESPA Violation

http://www.freep.com/apps/pbcs.dll/article?aid=/20080221/news05/802210379/1007/news
… (3 comments)

fha: Market your REO Listings as FHA 203KS Qualified - 02/18/08 06:40 PM

What qualifies your property as FHA 203K??? As long as the home loan is at or under the FHA county loan limits it is qualified.
https://entp.hud.gov/idapp/html/hicostlook.cfm
HUD has defined eligible renovation as:
OWNER OCCUPIED PROPERTIES ONLY
Repair/Replacement roofs, gutters, and downspoutsRepair/Replacement/Upgrade of existing HV AC systemsRepair/Replacement/Upgrade of plumbing and electrical systemsRepair/Replacement of existing … (0 comments)

fha: Do you have a buyer who suffers from the "yes but" syndrome? - 02/09/08 02:21 PM

Solve the problem
NOW USING FHA 203K Streamline
Helpful tips to sell more units!!
You already know that 81% of the housing stock is greater than 15 years old.....
Create a vision for a buying decision!
Watch for reactions to specific parts of the house.
Use phrases like..."If you want to change the color … (5 comments)

fha: Purchase and Rehab with one LOAN. See how!! - 02/07/08 11:29 AM

Helpful tips to sell more units!!
You already know that 81% of the housing stock is greater than 15 years old.....
NOW USING FHA 203K Streamline
Create a vision for a buying decision!
Watch for reactions to specific parts of the house.
Use phrases like..."If you want to change the color of the carpet … (8 comments)

fha: What Do You Know About FHA 203K streamline. - 02/02/08 11:28 AM

Hello All
New to the site and wanted to introduce myself. I am Steven Fishman CRMS, President of G.S. Group, Inc, Mortgage Services in Fairlawn Ohio. My company is offering many services to both consumers and agents. Currently we are very focused on Rehab loans primarily FHA 203K products. Allowing prospective buyers the opportunity … (5 comments)

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