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ct fha mortgages: FHA New Streamline Process Makes It A Breeze To Refinance! - 05/31/12 07:12 AM
FHA – New Streamline Refinance Is a Breeze!First and foremost. Your current home loan must be FHA-insured and must have been put on the Federal Housing Administration's books no later than May 31, 2009.
Some highlights and guidelines for the new FHA STREAMLINE REFINANCE:You need to have an unblemished record of on-time mortgage payments for the last 12 months. Maybe you were late occasionally a couple of years back. That's OK. But the last 12 months need to be pristine.
The program won't take effect until June 11. 2012 but if you qualify you get to breeze through the paperwork … (1 comments)
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ct fha mortgages: FHA may ease rules for mortgages on condos - Great news - 05/18/12 04:57 AM
WASHINGTON — Thousands of condo unit owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying changes to its controversial condominium rules that have rendered large numbers of units ineligible for low down-payment insured mortgages. The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months. Under the agency's regulations, individual condo units in a building cannot be sold to … (1 comments)
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ct fha mortgages: New Lower UFMIP for some FHA Borrowers - Do you have an FHA loan? - 05/16/12 02:26 PM
June 11, 2012 is the date FHA Up Front Mortgage Insurance Premiums (UFMIP) will be lowered for some borrowers applying for FHA Streamline Refinance Loans. An FHA Mortgagee Letter 12-4 explains the changes, which affect some--but not all--FHA streamline refinancing loans:“For all S(ingle) F(amily) Forward Streamline Refinance transactions that are refinancing existing FHA loans that were endorsed on or before May 31, 2009, the UFMIP will decrease from 1 percent to 0.01 percent of the base loan amount. ”Basically, those borrowers who have an FHA home loan for a single-family property that was endorsed on or before May 31, 2009 are eligible for … (0 comments)
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ct fha mortgages: Connecticut LOW Mortgage Rates with outstanding service - 05/16/12 07:35 AM
Are you shopping for a home? Maybe looking to refinance?
If so then before you choose a lender get a No Obligation - Free Rate Quote
Leo Namiot - Over 9 years of exceeding my clients expectations
1-866-334-LOAN (5626) Toll Free in CT
www.LeoLends.com
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ct fha mortgages: Connecticut Home Mortgages - 3% Down, Bank Paid Costs, No MI, No Appraisal - 10/17/11 10:51 PM
Are you looking to buy a great home in Connecticut?
Contact me and I will connect you with a Qualified Real Estate Agent to help you find the perfect home with only 3% Down Payment - Bank Paid Closing Costs, No Appraisal, No Mortgage Insurance!
It's true....There are hundreds of homes that qualify, let me put you in touch with a Realtor that can show you these deals!
Contact me today www.LeoLends.com or call me toll free in CT 1-866-334-LOAN (5626)
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ct fha mortgages: Connecticut First Time Home Buyers - This is the perfect storm! - 10/17/11 10:43 PM
Connecticut First Time Home Buyers, now is the perfect storm, Super Low Mortgage Rates and Great Deals on houses for sale! If you are thinking of buying a home what are you waiting for?? With 30 year mortgage rates around 4.0% or even less your buying power is better than ever, houses are a deal now with anxious sellers, bank short sales and forecloseres.
I know that people hear that house prices may get lower but will mortgage rates? And who really knows if that is true or not. Most home buyers are NOT buying a home to live in it … (0 comments)
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ct fha mortgages: Connecticut First Time Home Buyers - Connecticut FHA Mortgages, CT VA Mortgages, CT CHFA Mortgages - 08/24/10 08:13 PM
Connecticut First Time Home Buyers, Now Is A Great Time To Buy a Home!
Connecticut Mortgage Rates Are At Historic Lows
Connecticut Real Estate Prices Are Still A Great Value
Ct First Time Home Buyers May Qualify For 100% Financing with a CHFA Mortgage
Connecticut Home Buyers Ask About FHA with only 3.5% Down!
Connecticut Military Persons Ask About 100% Financing with a VA Mortgage
www.LeoLends.com
or Call Toll Free in Connecticut 1-866-334-5626 for a Great Mortgage Rate and No Obligation Free Pre-Approval
Refinance or Purchase
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ct fha mortgages: FHA Mortgage Rule Changes To Take Effect - CT FHA Mortgage Specialist - 03/29/10 12:48 PM
The Federal Housing Administration (FHA) announced new measures that will go into effect for borrowers next Monday, April 5.
Here's what they mean:
1) The upfront Mortgage Insurance Premium (MIP) will go from 1.75% to 2.25%.
2) Even though FHA's official FICO score minimum is less, borrowers need a score of 620 or higher to have a realistic chance of getting an FHA loan with a minimum 3.5% down payment.
3) The maximum seller contribution has been reduced from 6% to 3%. So FHA borrowers will now have to look better on paper and pay a little more upfront MIP.
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ct fha mortgages: FHA Lifts 90 Seasoning Policy...... Great news for FHA mortgages - 01/18/10 09:27 AM
GREAT NEWS! As a real estate investor, focusing on REO and Short Sale buying and negotiating, I am thrilled to see this change!! Whether you are a loan originator, real estate investor or consumer buying a house; it affects us all in a very positive manner! I continue to see these positive changes coming, making short sales easier to process and get through the system with equality and fairness throughout.We will continuously update you as these situations adjust so look for some more positive changes coming our way in March/April!
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW … (0 comments)
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ct fha mortgages: Housing Sales Continue to Grow! Are you still listening to "THEY" ???? - 12/22/09 12:00 PM
Home Sales continue to grow! up 7.4% in Novemneber! Home resales surged to the highest level in nearly three years, reflecting an extraordinary level of federal support that has pulled the housing market back from the worst downturn since the Great Depression. This is great news! Housing is starting to move, values are... moving up! I hope "THEY" tell all you fence sitters the boat is sailing! "THEY" should know that Mortgage Rates have moved up for the 3rd business day in a Row and those with the crytsal balls should smash them because they are useless! "THEY" should tell you … (0 comments)
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ct fha mortgages: FHA New Condo Approval Process Update - 12/16/09 01:31 PM
As a reminder there are still many unanswered questions as they pertain to the new FHA Condominium Approval guidelines (ML09-46B and 09-46A). HUD has not been forthcoming with guidance. We continue to press them for answers. Everyone must be patient. This is not something that can be rushed. We are all learning as we encounter new questions each day. None of us are experts at it because we cannot get the proper guidance from HUD. I don't believe HUD thought this through completely prior to implementing the changes (shocking, I know). This is extremely frustrating but we will work through the … (0 comments)
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ct fha mortgages: Connecticut FHA Mortgages - FHA Loan Limits For Connecticut - 11/05/07 06:52 AM
I get ask all the time by people about what the limits are for FHA Mortgages in Conneticut so below you will find a chart which is up to date as of today.
Mortgage maximums as of Monday November 05, 2007
Leo Namiot
Benchmark Mortgage - Connecticut
http://www.benchmarkct.com/
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Leo Namiot, Connecticut FHA VA USDA Mort CT First Time Home Buyers, USDA, FHA, VA
Watertown,
CT
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www.LeoLends.com: CT Low Rate Mortgages
Address: Straits Tpke, Watertown, CT, 06790
Office Phone: (860) 482-7674
Cell Phone: (203) 525-3672
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