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fha: Why Rent? Fixed FHA Mortgages at only 3.75% (5.092 APR)! King of Prussia, Plymouth Meeting, Phoenixville - 10/31/11 10:33 AM
Why Rent? Fixed FHA Mortgages at only 3.75% (5.092 APR)! King of Prussia, Plymouth Meeting, Phoenixville
Why haven’t you bought a home yet?  Is a 20% down payment keeping you from buying a home? Have you rented for a long time & just aren’t sure?  Are you a long time renter in the market to buy?  Living in the King of Prussia, Plymouth Meeting, Phoenixville or the surrounding areas? Well stop renting already!  FHA could be the answer you’re looking for.
Okay let’s use some real world #’s to help you appreciate what FHA can do for you.
How much are … (0 comments)

fha: Credit: Good, Bad & Daaaaamn type credit - 10/11/11 09:34 AM
 
While credit guidelines have tighten up quite a bit in recent years, there are many programs to help first time homebuyer’s purchase their home.  One frequent question I run into is: “what if my credit is bad?"
My response: what is bad?  There are differing levels of bad perceived bad.  There are the following:
Your credit is fine - this normally is the accountant/bookkeeper (love that word & its 3 double vowels) that paid an account 1 day after the grace period & thinks they’re condemned to credit hell for an eternity.  Don’t let your OCD stop you from applying … (5 comments)

fha: UPDATE - FHA Has Changed The Way They Do Business!! - 06/13/08 03:15 PM
This update announces the guidelines for FHA's Risk Based Premium model. For the first time in history, FHA will take credit scores into account. These guidelines are effective as of July 14th, 2008. At the bottom of the page is a link to the full update.  
The 10 primary guideline changes are as follows:  
1. Borrowers need either no score, or at least 500, to get a LTV >90%; see matrix below.  2. Borrowers with a score less than 500 get a maximum LTV of 90%. 3. Borrowers without scores will require manual underwriting. 4. Upfront Mortgage Insurance Premiums will range from 1.25% - 2.25%, based on score. 5. The Monthly Mortgage Insurance will range … (1 comments)

fha: FHA - Big Change For Upfront Mortgage Insurance Premiums - 05/12/08 08:03 AM
The Federal Housing Administration will start charging upfront mortgage insurance premiums based on the borrower's credit score and down payment starting July 14, according to the Department of Housing and Urban Development. Upfront premiums paid at closing will range from 1.25% to 2.25% under the new pricing schedule that will apply to all FHA loans.
Currently all FHA borrowers pay a 1.5% upfront premium regardless of risk. By charging slightly higher premiums based on credit risk, HUD expects to create a more financially sound FHA program and reach more borrowers struggling to keep up with their payments on high-cost subprime mortgages. … (2 comments)

fha: Stop Renting Already!! - 05/08/08 03:55 PM
Call 1-888-905-3726 today for your free report!!
 
www.stoprentingalready.com
www.stoprentingalready.com
… (0 comments)

fha: PA & NJ FHA shouldn't be that hard - 03/26/08 01:11 PM
FHA shouldn't be that hard - talk to us on your turned down loans (edit/delete)
I've have been running into quite a few realtors lately that have been telling me that they are having problems with their FHA & Conforming loans getting turned down by the banks or that they have been taking an extremely long time. Please understand that FHA really is not that hard & it really is not that stringent.  These are new guidelines that lenders are allowed to impliment so they can turndown  choose their risk tolerance & cherry pick  protect themselves.  They are also allowed to … (0 comments)

 
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Joe Gonzalez King of Prussia FHA Jumbo Mortgage Pre Approval, FHA 203k VA USDA

King of Prussia, PA

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Joe Gonzalez - Meridian Bank

Address: 920 Germantown Pike, Suite 102, Plymouth Meeting, PA, 19462

Office Phone: (610) 351-7510

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