Real estate blog entries tagged with fha by American Pacific Mortgage- Karen Cooper, Oregon & California

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fha: Medford Oregon Neighborhood Stabilization Buyer in the News - 11/18/09 11:25 AM

Working with a lot of first time home buyers over the years prepares one to expect challenges in the mortgage process. One recent transaction that should THANKFULLY close before Thanksgiving was probably at the top of the challenging range. I found out some things on the journey with these buyers. Some … (4 comments)

fha: Will Mortgage Insurance Still Be Tax Deductible After December 31 2010? - 11/18/09 10:15 AM

With all the rapid changes we’re seeing in the mortgage industry, those that have been instituted and many coming down the pipe, I haven’t heard anything about the tax deduction for Mortgage Insurance Premium that expires 12/31/2010. Right now, eligible taxpayers may deduct their eligible mortgage insurance premiums, including FHA upfront … (6 comments)

fha: Clash of the Titans | Bank Owned Foreclosure Homes vs. FHA |VA| USDA Home Loans PART 2 OF 2 - 11/16/09 10:37 AM

Really what this boils down to is one question. Banks selling Foreclosure Home Inventory… why do you accept the offer of a buyer using FHA or USDA home loan financing programs if you are unwilling to negotiate their lender’s required repairs?

Yes, we all read in the MLS sheet the … (2 comments)

fha: Clash of the Titans | Bank Owned Foreclosure Homes vs. FHA|VA|USDA Home Loans PART 1 OF 2 - 11/16/09 08:46 AM

In this battleground home buyers and sellers find themselves on in today’s real estate market, it is often necessary to work our way through conflicting goals to reach the ultimate goal, a successful closing on the sale of a bank owned foreclosure home to a ready, willing and able buyer. That … (2 comments)

fha: $$$ For First Time Home Buyer In Medford Oregon? - 09/10/09 05:02 PM

If you are a first time home buyer earning between $11,600 – 58,500 (depending on your household size – i.e. household with two parents and one child or roommate is a 3 person household, and the maximum allowable income right now would be $39,850 for the entire household), did you know … (2 comments)

fha: First Time Buyers In Medford Oregon Have MULTIPLE Options! - 09/10/09 02:32 PM

It isn’t often in life that we get multiple choices available to assist us on our journey, especially on the journey to homeownership, but eligible First Time Home Buyers in Medford Oregon have MULTIPLE CHOICES! Whether it is up to $50,000 for the Medford Neighborhood Stabilization Program for home buyers making … (2 comments)

fha: Southern Oregon Housing Resource/ACCESS Inc’s August 22. 2009 Class at RCC Had a Packed House! - 08/23/09 11:02 PM

The August 22, 2009 HUD approved ABCs of Homebuying class held at Rogue Community College was packed! Maybe this is because of all the incredible incentives Rogue Valley home buyers have available to them, such as the $8,000 first time home buyer tax credit set to sunset November 30, 2009, … (2 comments)

fha: How To Buy a Home In The Rogue Valley Oregon | Using The FHA Home Loan - 08/20/09 09:05 AM

The days of flexible underwriting criteria have gone by the wayside for the most part. But, there are still common sense underwriting guidelines out there to meet the needs of the low-to-moderate income home buyer and homeowner. One of the most commonly used common sense programs is the FHA loan.

… (2 comments)

fha: How to Buy A Home In The Rogue Valley Oregon | If You Are A Self-Employed Borrower - 08/17/09 09:56 PM

Remember the days of the “Stated Income” loan? They weren’t that long ago, having fizzled away and disappeared in to the fog of “alternative lending” programs that are no longer with us. While many alternative and subprime mortgage products needed to disappear in order to bring the realm of real estate … (11 comments)

fha: 24 Good Reasons for Using The Oregon Neighborhood Stabilization Program in Medford Oregon - 08/16/09 12:19 AM

Do you need a good reason to take the step to get preapproved for your financing in order to purchase a home? How about 24 good reasons? How about finding out if you are eligible to receive $50,000 in Neighborhood Stabilization Program funding to help you buy a home?
These homes … (2 comments)

fha: Oregon Neighborhood Stabilization Program Underwriting Guidelines Updated 7/24/09 - 08/10/09 12:25 PM

We're inching along toward the release of the Oregon Neighborhood Stabilization Program funds for eligible home buyers purchasing foreclosure homes. Although Oregon is not yet accepting reservations for these program funds, they have updated the underwriting guidelines to reflect their interpretation of the most recent HUD amendments. As of today, these guidelines … (2 comments)

fha: Northern California FHA Home Buyers, Need Help With The 3.5% Down Payment? - 08/07/09 10:30 PM

There are some fabulous buying opportunities out there for home buyers, from foreclosure homes that are priced under market to short sales and private party home sales. Add to that the range fixed interest rates have been hovering at and incentives like the first time home buyer $8,000 tax credit, and … (0 comments)

fha: Thinking of Buying A Foreclosed Home In Southern Oregon? - 06/23/09 09:05 PM

Here in Southern Oregon, in the traditional peak buying season we're seeing quite a bit of activity in the lower price ranges of the real estate market. Even Ashland, where prices are at the higher end of the scale for the Rogue Valley, sales are picking up. In Medford, White City, … (6 comments)

fha: TO Be Or Not To Be....Neighborhood Stabilization Program Funding Available? That Is The Question - 06/18/09 09:12 PM

Here in this beautiful area of Southern Oregon where the Rogue Valley lays, surroundedby the serene beauty of the Siskiyou and Cascade mountain ranges, lakes, rivers and streams abounding, filled with fabulous family activities for her residents and visitors to enjoy, I find myself wondering if I just may have a … (1 comments)

fha: Hmmm... VA (State or Federal) or USDA Guaranteed Rural Housing to Buy Your Home? - 06/12/09 06:41 PM

Honored to have the opportunity to serve several veterans this week, grateful for the opportunity to help them now in return for their service and sacrifice for our country, I had the opportunity to show the comparisions between some fabulous government loan programs.
Using one's VA benefit to purchase a home can be … (2 comments)

fha: Southern Oregon First Time Home Buyers and the $8000 Tax Credit - 06/10/09 04:03 PM

Back and forth, back and forth goes HUD and the negotiations with participating FHA lenders on the monetization of the $8,000 tax credit approved in 2009. The latest (May 29th) word is that the FHA guidelines have been changed in order to make these funds available at closing to first time … (2 comments)

fha: Ready…Set…WAIT! - 06/01/09 04:30 PM

Have you ever played "On your mark...Get Set....Wait!" with your kids? Or, "Red Light, Green Light"? I know we've done this, and are learning as time goes by that this isn't a bad lesson for our kids to get in the world we live in today. I'm thinking I wish someone … (3 comments)

fha: Coming soon (or Maybe!) – Eligible FHA Buyers May Obtain the Economic Stimulus Tax Credit at Closing and Apply It to Their Down Payment? - 05/13/09 03:17 PM

That's right, you read that correctly! Secretary Donovan of the U.S. Department of H.U.D. announced that the Federal Housing Administration is going to allow lenders to do a form of "bridge loan" for the up to $8,000 tax credit so that FHA buyers may use these funds toward their down payment instead … (4 comments)

fha: Note To President Obama/Senate Banking Committee – It appears Not Everyone Is Onboard With The Home Affordable Programs - 05/08/09 05:15 PM

Here it is a month after the Home Affordable Programs got up and running. Well, more like a week, since many lenders did not come out with the pricing on the Fannie Mae DU Refi Plus until within the past couple of weeks, and only a few are coming out with … (6 comments)

fha: USDA Income Limits Higher Starting April 20, 2009! - 04/17/09 01:32 PM

Here in Southern Oregon, we have a lot of rural property areas that are eligible forthe USDA Guaranteed Rural Housing program. This is a great No Down Payment required program that instead of paying expensive mortgage insurance premiums like the Conventional Fannie Mae and Freddie Mac or the FHA program has, … (2 comments)

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