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Sage Advice - 11/21/08 07:28 AM
I was reading the December 2008 issue of Money magazine and came across a great quote by Warren Buffett. In the article he's talking about buying shares of American companies that are high quality, but beaten down and affordable. One could take this same quote and apply it to the housing industry.
"Be fearful when others are greedy and greedy when others are fearful."
… (3 comments)
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FHA Sources of Down Payment - 11/20/08 10:22 AM
Gift funds - May be used for 100% of the borrower's closing costs and down payment - eligible donors include close relatives, a close friend with a clearly defined interest in the borrower, a corporation established for charitable purposes, a borrower's employer or labor union, Federal, State or Local Government agency.
Cash from private savings clubs - Savings clubs established and used by various ethnic groups.
Commission from sale - A licensed Realtor may use commission income from the sale of the property being purchased. If the borrower is a licensed real estate agent entitled to a real estate commission from … (2 comments)
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2008 Rural Development / USDA Income Limits for Florida - 11/19/08 03:18 PM
2008 Rural Development / USDA Income Limits for Florida
Please call (813) 507-0296 for more information
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2009 FHA Loan Limits - Hillsborough, Pasco, and Pinellas Counties - 11/13/08 05:08 PM
FHA has announced the new 2009 FHA Loan Limits for Hillsborough, Pasco, and Pinellas counties. Please not that they are a little lower than this year. January 2009 the minimum dowpayment for a FHA loan increases to 3.5%.
Please call (813) 507-0296 for more information
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Rural (USDA) Development Income Limits - Hillsborough County - 11/12/08 12:59 PM
The income limits for Hillsborough county is...
1-Person: $49,550
2-Person: $56,600
3-Person: $63,700
4-Person: $70,750
5-Person: $76,400
In some instances your total income can be much higher than the adjusted income. If total income exceeds the limits, certain adjustments can be made, such as childcare expenses or children 12 or younger.
Example: Hillsborough County 4-person family (2 adults, 2 children) has a gross income of $80,410. Child care for the two children 12 or less is $10,000 annually. They would qualify because $80,410 less 10,000 child care less $480 for each child = $69,450
Please call (813) 507-0296 for more information
… (0 comments)
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Proposed 2009 Rural (USDA) Development Income Limits - Hillsborough & Pasco - 11/07/08 05:28 AM
I was reading through a stack of bulletins I've received this week on product updates and this one stood out the most. Effective January 20, 2009 USDA is changing how they calculate household income. Currently they use eight different categories, but come January 20th they're going to two. It's not finalized yet, but as long as anyone doesn't object by January 5th it's a done deal.
Below is the new income limits for Hillsborough & Pasco counties in Florida.
1-4 person: $70,750
5-8 person: $93,400
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100% Doctor Loan with Rates as low as 4% - 11/06/08 09:12 PM
Program features include:
Up to 100% financing (even in a declining market) No monthly mortgage insurance payments Eligible on purchase and rate/term refinances Construction loans, fixed rate, ARM and interest-only financing available Loan amounts of up to $1.5 million with competitive pricing and special relationship discounts ALL OF November WE ARE OFFERING .25% OFF INTEREST RATE
The program offers adjustable and fixed rate mortgages allowing 100% financing for primary residence, purchase and rate/term transactions and cash-out refinances to 89.99% LTV.
Programs include 15 and 30 year fixed, one (1) month LIBOR, six (6) month LIBOR, one (1) year, 3/1, 5/1, 7/1 and … (2 comments)
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Rural (USDA) Development Loans - Pasco County - 11/04/08 12:27 PM
The income limits for Pasco counties is...
1-Person: $49,550
2-Person: $56,600
3-Person: $63,700
4-Person: $70,750
5-Person: $76,400
In some instances your total income can be much higher than the adjusted income. If total income exceeds the limits, certain adjustments can be made, such as childcare expenses or children 12 or younger.
Example: Pasco County 4-person family (2 adults, 2 children) has a gross income of $80,410. Child care for the two children 12 or less is $10,000 annually. They would qualify because $80,410 less 10,000 child care less $480 for each child = $69,450
Call (813) 507-0296 to find out if … (0 comments)
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Todd Martin - Florida's - Doctor Loan
Tampa,
FL
More about me…
Address: 11353 Countryway Blvd, Tampa, FL, 33626
Cell Phone: (813) 507-0296
Email Me
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