fha: A Kinder, Gentler FHA Appraisal...Not - 05/06/09 06:18 AM
For some of us who can remember the days when FHA mortgages were to be avoided like the plague it almost seems like a quaint notion that Sellers and Buyers didn't have to worry about appraisers coming in behind home inspectors to do a home inspectors job. The FHA, it seems, … (15 comments)
fha: Houses do sell...No Matter What You Hear on the News - 01/02/09 08:50 AM
I don't know if it's the interest rates, people getting tired of renting, a perception that home prices are pretty darn low (relative to recent home values) or what but homes are selling. At least a couple of my listings.
I serve a community near the University of MD called College … (3 comments)
fha: A Thanksgiving Present from the Fed - 11/25/08 04:03 PM
The Fed and US Treasury have finally come to grips with the fact that, oh yeah, maybe the housing industry could use a little help. While they've been busy handing out money by the truckload to banks so they can buy other banks and keep those corporate jets in the air, … (0 comments)
fha: Fannie Mae Eliminating "Declining Markets" - 05/16/08 01:49 PM
A few months ago the large Government Sponsored Enterprises (GSEs) -- quasi governmental entities that make up the "secondary" mortgage market - imposed declining market guidelines that forced lenders to require larger down payments in areas that were considered "declining markets". These were entire zip codes and entire counties, in some … (2 comments)
fha: Is Down Payment Assistance Going Away? - 04/26/08 11:05 AM
I was watching the Nightly Business Report last night and there was one segment in particular that caught my attention -- FHA's No Money Down Loan Program Here is how the program currently works: Let's say you qualify to make the monthly mortgage payment on a $350,000 house based on your … (7 comments)
fha: Homes that Qualify for FHA Financing - 04/25/08 12:14 PM
All of these homes are in great shape and move-in condition. The best part is that they all qualify for FHA financing which has very attractive rates, low down payment and flexible credit score requirements. There are a number of ways to work with the Sellers of these homes to assure … (0 comments)
fha: Do You Have Enough For A Down Payment? - 04/11/08 08:39 PM
I attended a meeting at my office yesterday and listened while a highly experienced loan officer gave us an update on the current mortgage situation. It was a mixed bag, really, and the bottom line message was that being able to obtain a mortgage to buy a house isn't that easy … (0 comments)
fha: Just got the Word - New HIGHER FHA Loan Limits Are Approved - 03/06/08 01:24 PM
My good mortgage buddy -- Rob Mercer of First Home Mortgage -- just sent me an e-mail telling my that new loan limits for FHA mortgages have been approved. It's a HUGE jump for the MD Suburbs of DC with the limits in Prince George's County and Montgomery County going to … (2 comments)
fha: Court Rules in Favor of Nehamiah Down Payment Assistance Program - 03/04/08 10:58 AM
A great loan office friend of mine -- Rob Mercer of First Home Mortgage -- recently sent me the good news that the courts have ruled in favor of Down Payment Assistance program like the Nehemiah Program. This program has been a godsend to people who want to buy a house … (1 comments)
fha: Financing that Fixer Upper -- An Alternative for Owner/Occupant Home Buyers - 02/25/08 06:43 AM
A lender friend of mine - Rob Mercer of First Home Mortgage -- sent this interesting e-mail to me about a great alternative to being able to finance the renovations of a lot of the homes that are currently on the market. I wanted to share some exciting news…. I have … (0 comments)
fha: Can someone show FHA the way to the Clue Train? - 11/30/07 06:18 PM
I just got word from one of the mortgage guys who sends me regular e-mail that FHA is leaving their loan limits unchanged. This means that the highest they'll go is $362,750 (in the DC Metro area where I work). Sure there are condos, townhomes and even some single family homes … (13 comments)
fha: Affordable Single Family Home in Historic Bladensburg, MD - 10/03/07 07:52 PM
Life doesn't get any better than this -- a single family home with 3 bedrooms and 2 full baths. It has an unfinished basement that has tons of potential and lots of storage space. There's a big back yard for those back yard cook-outs or plenty of play area. Click on … (1 comments)
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For some of us who can remember the days when FHA mortgages were to be avoided like the plague it almost seems like a quaint notion that Sellers and Buyers didn't have to worry about appraisers coming in behind home inspectors to do a home inspectors job. The FHA, it seems, … (15 comments)
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