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fha changes: Minnesota First Time Buyers Need To BUY Soon - 01/28/10 07:15 PM
Those Who Wait Will Pay Thousands More This Spring
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important … (0 comments)

fha changes: MN FHA Loans Will Be Affected By New Policy Change| St Paul mortgages & Minneapolis Mortgages Will Be Impacted - 01/21/10 10:41 PM
The FHA is losing money.  In fact almost 10% of the loans are delinquent.  So, in an effort to preserve the integrity of the organization, they are tightening guidelines.  This means, higher credit scores, higher down payments, higher mortgage insurance premiums, and tighter underwriting guidelines and ratios.   SO, if you want to buy a home in the Twin Cities you better hurry.  We broker FHA loans in Minnesota and have lenders who are flexible.  Once the changes go into affect, we will be having to adjust to the new standards.  While I understand that the FHA is trying to protect themselves with tighter … (0 comments)

 
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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115


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