FHA Announces Policy Changes To Shore Up Finances - 01/28/10 03:52 PM
FHA Announces Policy Changes To Shore Up Finances
The Federal Housing Administration recently announced policy changes to "strengthen capital reserves and address risk, while continuing to to support the country's housing recovery."  
The FHA Policy Changes:
The Up-Front Mortgage Insurance Premium (UFMIP) will increase to build up capital reserves.  The premium will increase from 1.75% to 2.25% to go into effect in the spring.  FHA will also request legislative authority to increase the mortgage insurance that borrowers pay on a monthly basis. The credit score and down payment combination will be updated.  A minimum credit score of 580 will be required for the 3.5% down payment program, … (3 comments)

HUD Waives 3-Month FHA Seasoning Rule! - 01/17/10 12:55 PM
HUD Waives 3-Month FHA Seasoning Rule, to Speed Up Resale of Foreclosed Properties.  What does this mean?  Read on...
On Jan 15, HUD took action to reduce the inventory levels of foreclosed properties by waiving the 90-day FHA seasoning requirement. Currently, with certain exceptions, FHA will not issue mortgage insurance to the buyer of a home if the seller has owned the property for less than 90 days.
This is very good news for both real estate investors and buyers, since more and more buyers in today's market are FHA buyers, who will now have access to a wider array of … (7 comments)

FHA Loans in Burlington, VT - 01/13/10 04:12 PM
FHA Loans in Burlington, VT - More and more people are purchasing and refinancing their homes with FHA loans... and for good reason.  FHA loans are ideal for first time home buyers, but you do not need to be a first time home buyer to take advantage of this attractive loan program.  You can actually buy your third or fourth home with FHA loans, with the stipulation that you only have one FHA loan at any given time.  FHA loans are insured by the Federal Housing Administration, which is part of the US Department of Housing and Urban Development (HUD).  While conventional home loans through Fannie Mae … (0 comments)

 
Ronald Borch (WJ Bradley Mortgage Capital Corp, S. Burlington, VT)

Ronald Borch

South Burlington, VT

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WJ Bradley Mortgage Capital Corp, S. Burlington, VT

Address: 1795 Williston Road, Suite 330, S. Burlington, VT, 05403

Office Phone: (802) 233-0623

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