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va: Twin Cities Mortgage Guidelines vs National Mortgage Guidelines - 01/08/10 03:54 PM
Guess what?  They're all the same.  While regional banks may make some up some of their own guidelines and criteria, Fannie Mae, Freddie Mac, FHA, and VA have national standards.  In addition, various lenders will put their own credit overlay on top of these guidelines to lower their risk.  True portfolio lenders can make up their own guidelines-as long as they don't violate any federal or state regulations and guidelines.
Here is a nice article that explains the evolution of the restrictive criteria involved in getting a mortgage.  The pendulum has certainly swung the other way.  Today, things are too tight.  … (0 comments)

va: VA-Veteran Home Loan Programs-Your Key To Homeownership - 01/11/08 07:23 PM
 
We recently wrote this article and wanted to share it:
VA-Veteran Home Loan Program-Your Key To Homeownership
Many people are kept out of the housing market due to lack of sufficient down payment and/or funds available for closing costs.  Yet these potential homeowners can afford to make a rental payment that would be equivalent to a mortgage payment.  In fact, the lack of resources keeps veterans renting instead of becoming owners as they try saving money to buy a home.  Meanwhile home prices continue to appreciate as housing continues to rise in cost.
Here is where the Veteran Home loan program excels … (2 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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