zero down payment: NOT Just for Rural Areas - The ZERO DOWN PAYMENT USDA Rural Development Loan - 04/10/12 05:08 AM
ZERO DOWN USDA RURAL DEVELOPMENT LOAN - Not just for Rural Areas
St Paul, MN: One of the biggest challenges for most first-time home buyers is a lack of down payment, and not having the money to pay closing costs. Almost all "zero down payment programs" disappeared with the mortgage market meltdown that started in 2007, so in most parts of the country, the only true no money down programs are just the VA home loan for Veterans or the USDA Rural Development Loan. Guaranteed by the USDA (United States Department of Agriculture), this program might make you think that you … (0 comments)
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zero down payment: Are Mortgage Rates Going Up? - 04/02/12 06:06 AM
ARE MORTGAGE RATES GOING UP?
Minneapolis, MN: Mortgage interest rates jumped up last week, putting a scare in those sitting on the fence, thinking about refinancing, yet waiting form rates to drop a bit lower. Lucky for them, Minnesota mortgage interest rates moved back down slowly to about where they have been holding for some time.
The big question is how long can mortgage rates remain this low?
Mortgage rates have been stuck at these amazingly low levels for the past five months. According to Freddie Mac weekly survey of mortgage rates, last week was the first time that … (0 comments)
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zero down payment: Can you get a VA Jumbo Loans Over $417,000? YES! - 02/04/12 09:41 AM
Can you get a VA Jumbo loan?
Yes, the Department of Veterans Affairs has allowed Jumbo VA loans for years. The basic VA rule is their loan limit follows the Fannie Mae conforming loan limit, which is currently $417,000 in most of the country.
VA Loans also allows for higher loan limits in certain higher cost counties in states like Hawaii, California, and Florida. Conforming loan limits in some of those area can be more than $417,000. You can check VA loan limits in your area here, (select the Fannie Mae option) but generally speaking, the bulk of the country … (2 comments)
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