fha: 7 Mortgage Related Details in the Economic Stimulus Bill You Should Know - 02/13/08 12:47 AM
1) The new loan limits go into effect on CONVENTIONAL mortgage loans originated beginning on July 1, 2007 and ending on December 31, 2008 2) Conventional Loans can be made to the HIGHER of the current conventional loan limit ($417,000) or 125% of the area median home price as determined by HUD … (13 comments)
fha: Will the Government Change FHA to Help? - 08/27/07 10:45 AM
Lawmakers continue to push the current administration to find more ways to help out homeowners facing foreclosure. Debate continues regarding the foreclosure rate as to the responsibility of government to step in and aid home owners who took out sub-prime adjustable rate loans. While not consistently divided among party lines, a … (7 comments)
fha: What If I Have No Credit Score? - 12/19/06 09:21 AM
Credit scores, primarily FICO scores are the predominant method of making a CREDIT decision on a mortgage loan applicant. Some loan programs rely specifically on the credit score, such as:Alt-A or Expanded Criteria Loans: These are loans for people who can't verify income or employment80/20 loans: programs to buy a home … (2 comments)
fha: FHA Sales Special on Existing HUD-owned Homes Through December - 12/10/06 09:09 PM
During the "FHA Brings the Holidays Home" sales event, homebuyers who purchase a HUD-owned home and finance the purchase with an FHA-insured loan will be entitled to valuable sales incentives including: $2,500 Holiday Home Improvement Allowance $500 Selling Broker Bonus Minimum Required Downpayment of Only $100 The sales promotion runs from … (0 comments)
fha: Is There a Mortgage Loan For People With No Credit History? - they exist and they are affordable - 11/22/06 02:03 PM
Mortgage Loan Programs for people with no credit history do exist and many of these programs are very affordable. This article was written to explain what options you have for buying a home today, even if you have not established a credit history or credit score.Home buyers may fear qualifying for a home loan if … (2 comments)
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