FHA 203(k) Program – What It Is, What It Does and What It Means to You! - 05/25/10 01:50 PM
 
The Federal Housing Administration (FHA) administers various single family mortgage insurance programs, including a few that provide for the rehabilitation and repair of single family properties such as the 203k and Streamlined 203k program (to be covered next week). As the Departments primary rehabilitation program, the Section 203(k) program is a tool for revitalizing neighborhoods hard hit by today's tough economic times and high foreclosure rates.
How the 203(k) Works Most mortgage plans provide financing where the current condition and value of the property provides adequate loan security (loan equal or less than current value). Homes in need of repair … (3 comments)

Catching Up With FHA - 05/21/10 06:54 PM

The fine folks at Bank of America Home Loans sponsored a very informative class this morning on the complicated business of Federal Housing Administration (FHA) loans. Here are just a few interesting 'takeaways' from that session:
Property Qualifications The property must be FHA insurable, which excludes manufactured and modular homes built before 1976 and any homes who have substantial 'health and safety' or structural repairs.
"Skin in the Game" FHA requires that a buyer have 'buy in' (pardon the pun) in the purchase.  They are now requiring a minimum down payment of 3.5%, which can be borrowed or gifted … (1 comments)

Old Town Fort Collins Anniversary Party - 05/19/10 11:29 PM
Come Celebrate the 25th Anniversary of Old Town Fort Collins, this Friday 4pm-9pm!
"Let's party like it's 1985!!"

Celebrate the 25th Anniversary of Old Town Square as we honor the founders and visionaries who made Old Town Square possible, and party like it's 1985! Party Details
Live 80's Music by Fort Collins' own Pride Of Five, and Denver-based The Jakarta Band Costume Contest: Wear Your Best 80's Digs Breakdancers and street performers Ghostbusters and Dukes of Hazzard Movie Cars and Characters Coopersmith's Anniversary Beer For Purchase Free Ben & Jerry's Ice Cream to the First 250 People Food and Beverages … (0 comments)

 
Landd_revised

Dee Bundy and Leslie Leis Northern Colorado Home Team

Fort Collins, CO

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Fort Collins Realtor @ ERA Herman Group Real Estate NoCo

Address: 112 E Olive Avenue, (behind Jeju's Sushi - come visit us!), Fort Collins, CO, 80524

Office Phone: (970) 225-9336

Cell Phone: (970) 460-4006

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A geeky take on Fort Collins Real Estate, Northern Colorado news and general techie goodness.

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DISCLAIMER: This information contained in these articles is deemed reliable to the best of my knowledge but not guaranteed and any opinions contained therein are my own. I claim no affiliation nor implied agreement with comments left by visitors to this site and disclaim any liability for direct or indirect damages or losses that arise from the reliance on information contained in this blog.



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