usda: USDA rates drop: A great alternative to FHA in many Californian cities! - 09/13/08 05:06 PM
With the recent and ongoing changes in FHA, USDA loans are among the hotest mortgage products in many cities in the great state of California.
Today's posted rate for a USDA 30 yr fixed mortgage with a 1% origination point is:
5.50%
As compared to Fannie Mae or Freddie Mac … (4 comments)
usda: FHA changes: Are you ready as a Realtor or consumer? - 09/02/08 10:11 PM
Effective 10-01-2008: No more seller assisted gift funds programs
Effective 01-01-2009: FHA min down will be 3.5%
Question: What other options do we have??
According to HUD letter 00-28 #4155.1:
Parents or family can still gift the entire 3.5%
Parents, believe it or not can literally get the money from any … (5 comments)
usda: USDA Guaranteed Home Loans - 100% Financing with No MI! - 07/18/08 04:33 PM
Despite the gloom and doom in the marketplace there are still plenty of great financing options.
One such program is especially attractive, if not the most attractive of all 100% financing in the marketplace today. The program I refer to is the USDA Guaranteed Home Loan.
"It is … (3 comments)
Certified Mortgage Planner (CMPS): 14 yrs experience & over $300,000,000 in loan fundings. Committed to providing my commercial & residential clients with real time data on mortgage backed securities & rate locking strategies.
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With the recent and ongoing changes in FHA, USDA loans are among the hotest mortgage products in many cities in the great state of California. 
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