Tacoma's #1 Mortgage Expert - Kevin Tinsley

2010 FHA Loan Limits By County in Washington State

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 04 Dec 2009 12:34:39 -0600

MSA Name	MSA Code	Division	County Name	County Code	State	One-Family	Two-Family	Three-Family	Four-Family	Last Revised	Limit Year
NON-METRO	99999		ADAMS	001	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
LEWISTON, ID-WA (MSA)	30300		ASOTIN	003	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
KENNEWICK-RICHLAND-PASCO, WA (MSA)	28420		BENTON	005	WA	$275,000	$352,050	$425,550	$528,850	01/01/2009	CY2009
WENATCHEE, WA (MSA)	48300		CHELAN	007	WA	$342,700	$438,700	$530,300	$659,050	01/01/2009	CY2009
PORT ANGELES, WA (MICRO)	38820		CLALLAM	009	WA	$383,750	$491,250	$593,800	$738,000	01/01/2009	CY2009
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)	38900		CLARK	011	WA	$418,750	$536,050	$648,000	$805,300	01/01/2009	CY2009
NON-METRO	99999		COLUMBIA	013	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
LONGVIEW, WA (MSA)	31020		COWLITZ	015	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
WENATCHEE, WA (MSA)	48300		DOUGLAS	017	WA	$342,700	$438,700	$530,300	$659,050	01/01/2009	CY2009
NON-METRO	99999		FERRY	019	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
KENNEWICK-RICHLAND-PASCO, WA (MSA)	28420		FRANKLIN	021	WA	$275,000	$352,050	$425,550	$528,850	01/01/2009	CY2009
NON-METRO	99999		GARFIELD	023	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
MOSES LAKE, WA (MICRO)	34180		GRANT	025	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
ABERDEEN, WA (MICRO)	10140		GRAYS HARBOR	027	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
OAK HARBOR, WA (MICRO)	36020		ISLAND	029	WA	$381,250	$488,050	$589,950	$733,150	01/01/2009	CY2009
NON-METRO	99999		JEFFERSON	031	WA	$437,500	$560,050	$677,000	$841,350	01/01/2009	CY2009
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION	42660	42644	KING	033	WA	$567,500	$726,500	$878,150	$1,091,350	01/01/2009	CY2009
BREMERTON-SILVERDALE, WA (MSA)	14740		KITSAP	035	WA	$475,000	$608,100	$735,050	$913,450	01/01/2009	CY2009
ELLENSBURG, WA (MICRO)	21260		KITTITAS	037	WA	$328,750	$420,850	$508,700	$632,200	01/01/2009	CY2009
NON-METRO	99999		KLICKITAT	039	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
CENTRALIA, WA (MICRO)	16500		LEWIS	041	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
NON-METRO	99999		LINCOLN	043	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
SHELTON, WA (MICRO)	43220		MASON	045	WA	$310,000	$396,850	$479,700	$596,150	01/01/2009	CY2009
NON-METRO	99999		OKANOGAN	047	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
NON-METRO	99999		PACIFIC	049	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
NON-METRO	99999		PEND OREILLE	051	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
TACOMA, WA METROPOLITAN DIVISION	42660	45104	PIERCE	053	WA	$567,500	$726,500	$878,150	$1,091,350	01/01/2009	CY2009
NON-METRO	99999		SAN JUAN	055	WA	$593,750	$760,100	$918,800	$1,141,850	01/01/2009	CY2009
MOUNT VERNON-ANACORTES, WA (MSA)	34580		SKAGIT	057	WA	$373,750	$478,450	$578,350	$718,750	01/01/2009	CY2009
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)	38900		SKAMANIA	059	WA	$418,750	$536,050	$648,000	$805,300	01/01/2009	CY2009
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION	42660	42644	SNOHOMISH	061	WA	$567,500	$726,500	$878,150	$1,091,350	01/01/2009	CY2009
SPOKANE, WA (MSA)	44060		SPOKANE	063	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
NON-METRO	99999		STEVENS	065	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
OLYMPIA, WA (MSA)	36500		THURSTON	067	WA	$361,250	$462,450	$559,000	$694,700	01/01/2009	CY2009
NON-METRO	99999		WAHKIAKUM	069	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
WALLA WALLA, WA (MICRO)	47460		WALLA WALLA	071	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
BELLINGHAM, WA (MSA)	13380		WHATCOM	073	WA	$375,000	$480,050	$580,300	$721,150	01/01/2009	CY2009
PULLMAN, WA (MICRO)	39420		WHITMAN	075	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009
YAKIMA, WA (MSA)	49420		YAKIMA	077	WA	$271,050	$347,000	$419,425	$521,250	01/01/2009	CY2009

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

How Long Does It Take To Refinance a VA Home Loan in Tacoma?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Thu, 12 Nov 2009 15:59:36 -0600

The good news is about 30 Days from start to finish!

With interest rates at record lows, now is a great time to consider refinancing your VA loan in Tacoma or Seattle. With our VA Refinance Program, All Tech Mortgage has the ability to go up to 100% of the appraised value (most lenders only go to 90%). In order to meet the 30 Day timeline here's a list of items to pull together to be better prepared to start:

1. Copy of 2 most recent paycheck stubs - covering a 30 day cycle
2. 2008 & 2007 W2 Forms
3. Copy of 2 months bank statements ( Need entire statement - if it says page 1 of 5, we need all 5 pages)
4. Copy of your current homeowners insurance policy
5. Copy of your current mortgage coupon or monthly statement
6. Copy of your DD214 or VA statement of service form - call for a sample
7. If current loan is a VA loan, need copy of the VA Note

Plus, Veteran's receiving 10% or more disability are exempt from paying the VA Funding Fee. Up to 100% of appraised value on a 30 year or 15 year fixed rate loan. For more information on VA Loans in Tacoma, WA contact Kevin Tinsley - Tacoma's #1 VA Mortgage Expert http://www.vahomeloanstacoma.com

(253) 472-1500 or toll free (800) 339-7059

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Tacoma $8,000 First Time Home Buyer Tax Credit Extended

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 06 Nov 2009 14:46:47 -0600

Tax Credit Extension + Low Rates = Win-Win

Great news! The government has just extended and expanded tax credits for home buyers - and not just those buying for the first time.

First time home buyers can now receive an $8,000 tax credit through April 30, 2010
Home buyers who have lived in their residences for five years may now receive a credit of $6,500
The tax credit is now available to individuals earning up to $125,000, or $250,000 for couples

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

No Closing Cost FHA Streamline Refinance Tacoma

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Sun, 01 Nov 2009 17:26:10 -0600

Do you have an FHA loan higher than 6.25%? If so, take a look at our No cost FHA streamline program where we pay all the closing costs! Lower your interest rate to 5.25% with 0 fees. The only items you are responsible for are the escrow items for taxes and insurance and the new FHA mortgage insurance premium. For a custom quote emailed directly to you, visit us online at http://www.fhamortgagetacoma.com/

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

VA Mortgage FAQ's Tacoma Fort Lewis & McChord AFB

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 23 Oct 2009 12:10:33 -0500

Q: How do I apply for a VA guaranteed loan?

A: You can apply for a VA loan with any mortgage lender that participates in the VA home loan program. At some point, you will need to get a Certificate of Eligibility from VA to prove to the lender that you are eligible for a VA loan.

Q: How do I get a Certificate of Eligibility?

A: Complete a VA Form 26-1880, Request for a Certificate of Eligibility: You can apply for a Certificate of Eligibility by submitting a completed VA Form 26-1880, Request For A Certificate of Eligibility For Home Loan Benefits, to the Winston-Salem Eligibility Center, along with proof of military service. In some cases it may be possible for VA to establish eligibility without your proof of service. However, to avoid any possible delays, it's best to provide such evidence.

Q: Can my lender get my Certificate of Eligibility for me?

A: Yes, it's called Web LGY. Most lenders have access to the Web LGY system. This Internet based application can establish eligibility and issue an online Certificate of Eligibility in a matter of seconds. Not all cases can be processed through Web LGY - only those for which VA has sufficient data in our records. However, veterans are encouraged to ask their lenders about this method of obtaining a certificate.

Q: What is acceptable proof of military service?

A: If you are still serving on regular active duty, you must include an original statement of service signed by, or by direction of, the adjutant, personnel officer, or commander of your unit or higher headquarters which identifies you and your social security number, and provides your date of entry on your current active duty period and the duration of any time lost.

If you were discharged from regular active duty after January 1, 1950, a copy of DD Form 214, Certificate of Release or Discharge From Active Duty should be included with your VA Form 26-1880. If you were discharged after October 1, 1979, DD Form 214 copy 4 should be included. A PHOTOCOPY OF DD214 WILL SUFFICE.....DO NOT SUBMIT AN ORIGINAL DOCUMENT.

If you are still serving on regular active duty, you must include an original statement of service signed by, or by direction of, the adjutant, personnel officer, or commander of your unit or higher headquarters which shows your date of entry on your current active duty period and the duration of any time lost.

If you were discharged from the Selected Reserves or the National Guard, you must include copies of adequate documentation of at least 6 years of honorable service. If you were discharged from the Army or Air Force National Guard, you may submit NGB Form 22, Report of Separation and Record of Service, or NGB Form 23, Retirement Points Accounting, or it's equivalent. If you were discharged from the Selected Reserve, you may submit a copy of your latest annual points statement and evidence of honorable service. Unfortunately, there is no single form used by the Reserves or National Guard similar to the DD Form 214. It is your responsibility to furnish adequate documentation of at least 6 years of honorable service.

If you are still serving in the Selected Reserves or the National Guard, you must include an original statement of service signed by, or by the direction of, the adjutant, personnel officer, or commander of your unit or higher headquarters showing the length of time that you have been a member of the Selected Reserves. Again, at least 6 years of honorable service must be documented.

Q: How can I obtain proof of military service?

A: Standard Form 180, Request Pertaining to Military Records, is used to apply for proof of military service regardless of whether you served on regular active duty or in the selected reserves. This request form is NOT processed by VA. Rather, Standard Form 180 is completed and mailed to the appropriate custodian of military service records. Instructions are provided on the reverse of the form to assist in determining the correct forwarding address.

Q: I have already obtained one VA loan. Can I get another one?

A: Yes, your eligibility is reusable depending on the circumstances. Normally, if you have paid off your prior VA loan and disposed of the property, you can have your used eligibility restored for additional use. Also, on a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in full but you still own the property. In either case, to obtain restoration of eligibility, the veteran must send a completed VA Form 26-1880 to our Winston-Salem Eligibility Center. To prevent delays in processing, it is also advisable to include evidence that the prior loan has been paid in full and, if applicable, the property disposed of. This evidence can be in the form of a paid-in-full statement from the former lender, or a copy of the HUD-1 settlement statement completed in connection with a sale of the property or refinance of the prior loan.

Q: I sold the property I obtained with my prior VA loan on an assumption. Can I get my eligibility restored to use for a new loan?

A: In this case the veteran's eligibility can be restored only if the qualified assumer is also an eligible veteran who is willing to substitute his or her available eligibility for that of the original veteran. Otherwise, the original veteran cannot have eligibility restored until the assumer has paid off the VA loan.

Q: My prior VA loan was assumed, the assumer defaulted on the loan, and VA paid a claim to the lender. VA said it wasn't my fault and waived the debt. Now I need a new VA loan but I am told that my used eligibility can not be restored. Why?

Or,

Q: My prior loan was foreclosed on, or I gave a deed in lieu of foreclosure, or the VA paid a compromise (partial) claim. Although I was released from liability on the loan and/or the debt was waived, I am told that I cannot have my used eligibility restored. Why?

A: In either case, although the veteran's debt was waived by VA, the Government still suffered a loss on the loan. The law does not permit the used portion of the veteran's eligibility to be restored until the loss has been repaid in full.

Q: Only a portion of my eligibility is available at this time because my prior loan has not been paid in full even though I don't own the property anymore. Can I still obtain a VA guaranteed home loan?

A: Yes, depending on the circumstances. If a veteran has already used a portion of his or her eligibility and the used portion cannot yet be restored, any partial remaining eligibility would be available for use. The veteran would have to discuss with a lender whether the remaining balance would be sufficient for the loan amount sought and whether any down payment would be required.

Q: Is the surviving spouse of a deceased veteran eligible for the home loan benefit?

A: The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit. If you wish to make application for the home loan benefit as a surviving spouse, contact our Winston-Salem Eligibility Center. In addition, a surviving spouse who obtained a VA home loan with the veteran prior to his or her death (regardless of the cause of death), may obtain a VA guaranteed interest rate reduction refinance loan. For more information, contact our Winston-Salem Eligibility Center.

[NOTE: Also, a surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, may be eligible for the home loan benefit. However, a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must apply no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 16, 2003 that are received after December 15, 2004.]

Q: Are the children of a living or deceased veteran eligible for the home loan benefit?

A: No, the children of an eligible veteran are not eligible for the home loan benefit.

for more information on VA Mortgage & Home Loans call the VA Mortgage Experts at (253) 472-1500 Locally based in the Northwest serving homeowners since 1986 - Kevin Tinsley - All Tech Mortgage Inc. http://www.alltechmortgage.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

How do Appraised Value, Assessed Value and Zillow Values Compare?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 16 Oct 2009 17:29:27 -0500

With a few extra minutes on my hand this rainy Friday afternoon, I was curious about the relationship between the appraised value, assessed value and the Zillow value.

So, I pulled a few loan files I was working on today and here's what I found:

Location Bed/Bath Size Transaction Type Appraised Assessed Zillow

1. DuPont, WA 3/2.50 1,948 sq ft Refi 288,500 267,500 312,500

2. Puyallup, WA 4/3.25 4,193 sq ft Refi 470,000 455,100 552,000

3. Tacoma, WA 2/1 1,016 sq ft Purchase 135,000 161,800 175,000

4. Poulsbo, WA 4/2.50 2,712 sq ft Refi 345,000 356,620 364,500

5. Puyallup, WA 4/2.50 2981 sq ft Purchase 300,000 308,900 324,500

**2 Appraised Values higher than assessed value, but lower than zillow
**3 Assessed Values higher than appraised value, but lower than zillow

Have a great weekend!

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Freddie Mac Relief Refinance Mortgages - Open Access Tacoma Seattle

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 16 Oct 2009 15:54:02 -0500

Freddie Mac Relief Refinance Mortgages - Open Access

**You are not required to use your current servicer/mortgage company for this program.

The Freddie Mac Relief Refinance Mortgage^SM - Open Access supports the federal Making Home Affordable Program by helping borrowers who are making timely mortgage payments but have been unable to refinance due to declining property values.

With flexibility that allows LTV ratios up to 125 percent, relief from standard mortgage insurance, and the ability to submit through Loan Prospector®, you can refinance more borrowers into mortgages that better position them for long-term homeownership success.

**Program will be available on Monday Oct 19, 2009

The mortgage being refinanced must be a first-lien
Conventional mortgage currently owned or securitized by Freddie Mac.
Have a Freddie Mac settlement date on or before May 31, 2009.
Be seasoned for at least three months.

Seller or an affiliate of the Seller originating the new mortgage may or may not be the Servicer of the mortgage being refinanced.

If the mortgage being refinanced was sold to Freddie Mac with mortgage insurance, it is eligible for refinancing. See Guide Chapter B24 (h) for requirements.

If the mortgage being refinanced was sold to Freddie Mac with recourse and indemnification, or other credit enhancements defined in Guide Chapter B24, it is ineligible to be refinanced as a Relief Refinance Mortgage - Open Access.

No 30-day or more delinquencies in the past 12 months.

If mortgage is less than 12 months old, then no 30-day or more delinquencies since the note date.

Proceeds of the Relief Refinance Mortgage - Open Access must be used only to:

Pay off the first mortgage (amount includes the unpaid principal balance and accrued interest through the payoff date). The payoff amount can be rounded up to the nearest thousand.
Pay the lesser of 4 percent of the current unpaid principal balance of the mortgage being refinanced or $5,000 in related closing costs, financing costs and prepaids/escrows.

Funds available as a result of the rounding must be:

Applied as a principal curtailment to the refinance mortgage and/or
Disbursed as cash to the borrower not to exceed $250.
The proceeds may not be used to pay off or pay down any secondary financing.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, since 1996, we shop, compare rates & fees and connect you with the best mortgage lenders in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national, regional & local mortgage companies like Bank of America, JP Mortgage Chase, USAA, BECU, Homestreet Bank and Wells Fargo. Plus our fees are some of the lowest in the industry.

We Specialize in FHA, VA and Conventional No Cost and Low Closing Cost Purchase & Refinance Home Loans. All Tech Mortgage offers true wholesale pricing from our lending partners. At All Tech Mortgage, we never expect your business, but hope to earn it with our aggressive pricing, speed, and overall efficiency.

www.alltechmortgage.comor call (253) 472-1500 Kevin Tinsley Mortgage Advisor

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Making Home Affordable Program - Tacoma

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 13 Oct 2009 12:54:22 -0500

If your mortgage loan is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Only loans owned or guaranteed by Fannie Mae or Freddie Mac are eligible. Your mortgage company can tell you who owns your loan, or you can contact Fannie Mae and Freddie Mac directly by clicking on the links below and completing the forms for each company.

Fannie Mae

1-800-7FANNIE (8am to 8pm EST)
www.fanniemae.com/loanlookup

Freddie Mac

1-800-FREDDIE (8am to 8pm EST)
www.freddiemac.com/mymortgage

For additional program details call our office at (253) 472-1500.

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Can I use my VA Home Loan Benefits more than once in Tacoma or Seattle?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 13 Oct 2009 12:33:23 -0500

Working with VA home buyers in Tacoma over the years, I have this question come up quite often.

Can I use my VA Mortgage Benefits more than once? The answer is YES! Although using your VA benefits a second time, could be more expensive. VA differentiates between first time and subsequent use for VA Loans with a downpayment of less than 5%. Currently the VA funding fee for first time use is 2.15% vs 3.30 for subsequent use. Veteran's receiving a 10% or more disability payment, are exempt from paying the VA Funding Fees. Below is the 2009 VA funding Fee Schedule:

2009 VA Funding Fees Active Duty Reservist
& Veterans & National Guard

Loans for purchase or construction with downpayments of less than 5%, refinancing, and home improvemment	2.15 percent	2.40 percent
Loans for purchase or construction with downpayments of at least 5%, but less than 10%	1.50 percent	1.75 percent
Loans for purchase or construction with downpayments of 10% or more	1.25 percent	1.50 percent
Loans for manufactured homes	1 percent	1 percent
Interest rate reduction loans	.50 percent	.50 percent
Assumption of a VA-guaranteed loan	.50 percent	.50 percent
Second or subsequent use of entitlement with no downpayment	3.3 percent	3.3 percent

A second question that comes up is, If I still own the home, but have since refinanced my VA loan to a conventional loan, can I use my VA Benefits again? The answer is YES.

There is a quirky rule regarding restoration of eligibility when the veteran still owns a property that was financed VA, even if the property is free and clear.

VA will do a one-time restoration of eligibility to the veteran. This restoration allows the veteran to purchase another home using their full VA Home Loan benefits.

** With the recent changes in qualifying, when keeping your current home as a rental, VA does not follow the same guidelines as Fannie Mae, Freddie Mac & FHA. This alone could be a deal saver! For more details on this or an VA Home Loan Question, visit us online at http://www.VAHOMELOANSTACOMA.COM

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

VA Refinance Loans Above 90% Loan to value - Tacoma VA Home Loans

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 06 Oct 2009 17:00:54 -0500

With property values declining in most areas, the ability to do a VA Refinance above 90% of the appraised value can be a challenge. Most major lenders limit the maximun loan to value ratio at 90%. All Tech Mortgage Inc, still has access to lenders that offer the VA Cash Out Refinance program up to 100% of the appraised value.

Just this week we have been able to refinance a young couple out of 80/20 ARM loan into fully amortizing 30 year fixed rate loans at 5.00% (5.088 apr).

If you are searching online for VA lenders who offer the VA Cash Out program, you may want to check the maximum loan to value ratio(LTV) their program allows. If you are close to the 90% limit you may want to check out these resources to estimate the value of your home:

www.zillow.com and search the comparable sales for your home

www.JohnLScott.com - Search under sold listings to see what's been selling in your neighborhood

For more information about VA Home Loans in Tacoma, feel free to call Kevin Tinsley - Tacoma's #1 VA Mortgage Expert at (253) 472-1500 or toll free at (800) 339-7059. For current VA Mortgage Rates, visit us online at http://www.VAMortgageTacoma.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Puyallup FHA Streamline Refinance

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Thu, 01 Oct 2009 09:47:44 -0500

Time is running out to refinance your Puyallup FHA Mortgage under the old FHA guidelines for Streamline Refinances. The ability to finance in closing costs without an appraisal will be ending on Jan 1, 2010 making it difficult to refinance if your property value has fallen.

We are also doing a lot of No Closing Cost FHA Streamline's. Instead of adding $10,000 onto your existing loan balance, let us pay your closing costs with the lender's money. You typically won't find these options at Bank of America, Chase or Citibank.

As of 10/1/20009, interest rates are near the lowest point of the year, take advantage before rates go back up or the FHA Streamline Refinance Program changes. For more information, call (253) 472-1500 or visit us online at www.fhamortgagepuyallup.com

Kevin, Joel & I would like to say thank you with all of your help with our refinance. We appreciated your honesty and willingness to answer all of our questions. You were very patient and made the process smooth and painless. Sincerely, Kristin & Joel

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

How long is my Tacoma FHA appraisal good for?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 22 Sep 2009 18:54:12 -0500

Effective for all case numbers assigned on or after January 1, 2010, the validity period for all appraisals on existing and proposed and under construction properties will be 120 days. This change aligns FHA's requirements pertaining to the validity of an appraisal with current industry practices.

This is a change from the current validity periods of six months for an appraisal of an existing property that is complete, and 12 months for proposed and under construction properties.

FHA Home Loans Tacoma | FHA Mortgage Rate Tacoma | FHA Mortgage Information

http://www.fhamortgagetacoma.com

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, we shop, compare rates & fees and connect you with the best mortgage lenders in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies. Plus our fees are some of the lowest in the industry.

We Specialize in No Cost and Low Closing Cost Purchase & Refinance Home Loans. All Tech Mortgage offers true wholesale pricing from our lending partners. At All Tech Mortgage, we never expect your business, but hope to earn it with our aggressive pricing, speed, and overall efficiency.

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

How to Calculate VA Guaranty Entitlement - VA Home Loans Tacoma

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 15 Sep 2009 16:36:36 -0500

VA Guaranty Calculation Examples

The following examples illustrate some common situations involving VA-guaranteed loans. They are by no means comprehensive. Due to variations in the amount of entitlement available to an individual veteran, loan limits for individual counties, and purchase prices for homes, situations may arise which are not covered here. Lenders are encouraged to contact the appropriate VA Regional Loan Center prior to closing a loan if there are questions about the VA guaranty calculation.

Example 1

Veteran has full entitlement available and is purchasing a home for $300,000 where the county loan limit is $417,000.

$417,000 X 25% = $104,250 Maximum Guaranty and Available Entitlement

$300,000 X 25% = $75,000 Guaranty and Down Payment Combination Required

Since VA's guaranty is limited to the lesser of 25% of the county loan limit or 25% of the loan amount, VA will guaranty $75,000 on Veteran's $300,000 loan in this county. A down payment should not be required.

Example 2

Veteran has used $48,000 of entitlement on a prior loan, which may not be restored, and is purchasing a home for $320,000 where the county loan limit is $625,000.

$625,000 X 25% = $156,250 Maximum Guaranty

$156,250 - $48,000 = $108,250 Entitlement Available

$108,250 X 4 = $433,000 Maximum Loan Amount with 25% Guaranty

Since the proposed loan amount will be less than $433,000, the lender will receive 25% VA Guaranty on the loan of $320,000. A down payment should not be required.

Example 3

Veteran has used $104,250 of entitlement on a prior loan, which may not be restored, and is purchasing a home for $380,000 where the county loan limit is $815,000.

$815,000 X 25% = $203,750 Maximum Guaranty

$203,750 - $104,250 = $99,500 Entitlement Available

$99,500 X 4 = $398,000 Maximum Loan Amount with 25% Guaranty

Since the proposed loan amount will be less than $398,000, the lender will receive 25% VA Guaranty on the loan of $380,000. A down payment should not be required.

Example 4

Veteran has full entitlement available and is purchasing a home for $480,000 where the county loan limit is $417,000.

$417,000 X 25% = $104,250 Maximum Guaranty and Entitlement Available

$104,250 / $480,000 = 21.72% Guaranty

Since VA's Guaranty will be less than 25%, a down payment will likely be required to meet investor requirements.

$480,000 X 25% = $120,000

$120,000 - $104,250 = $15,750 Down Payment

Example 5

Veteran has used $27,500 of entitlement on a prior loan, which may not be restored, and is purchasing a home for $320,000 where the county loan limit is $417,000.

$417,000 X 25% = $104,250 Maximum Guaranty

$104,250 - $27,500 = $76,750 Entitlement Available

$76,750 / $320,000 = 23.98% Guaranty

$76,750 X 4 = $307,000 Maximum Loan Amount with 25% Guaranty

Since VA's Guaranty will be less than 25%, a down payment will likely be required to meet investor requirements.

$320,000 X 25% = $80,000

$80,000 - $76,750 = $3,250 Down Payment

Example 6

Veteran has used $36,000 of entitlement on a prior loan, which may not be restored, and is purchasing a home for $120,000 where the county loan limit is $417,000.

Since the loan amount will not be over $144,000, the veteran's additional entitlement cannot be used. Therefore, the guaranty would be 0%: $0 / $120,000

Example 7

Veteran has full entitlement available and is purchasing a home for $800,000 where the county loan limit is $729,750.

$729,750 X 25% = $182,437.50 Maximum Guaranty and Entitlement Available

$182,437.50 / $800,000 = 22.81% Guaranty

$800,000 X 25% = $200,000 Guaranty and Down Payment Combination Required

$200,000 - $182,437.50 = $17,562.50 Down Payment

visit us online at www.VALoansTacoma.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Does Fannie Mae Own My Mortgage?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Mon, 24 Aug 2009 11:50:34 -0500

Does Fannie Mae own my mortgage? Why would you even care who owns your mortgage? Well if you have been considering refinancing your home loan, but real estate values in your area have declined, you may want to know who owns your mortgage...Knowledge is Power...

Fannie Mae's program DU Refi Plus allows homeowners to refinance even though the value of their home may have dropped. One of the biggest benefits of the program is, if you were not required to carry mortgage insurance in the past, chances are you will not have to carry it when you refinance. This alone could save $50-300 per month. Or if you did have mortgage insurance on your previous loan, you can continue paying at the same rate - which is usually less than what's available today. For more information about the DU Refi Plus program, call Kevin Tinsley - All Tech Mortgage (253) 472-1500. Locally based in Tacoma, WA Serving the entire Puget Sound Region. www.alltechmortgage.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Getting a VA Home Loan in Tacoma or Seattle

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 23 Jun 2009 11:40:55 -0500

www.VAHomeLoansTacoma.com or www.VAHomeLoansSeattle.com

General Rules for Eligibility

Military Service Requirements for VA Loan Eligibility:

Note: Applications involving other than honorable discharges will usually require further development by VA. This is necessary to determine if the service was under other than dishonorable conditions.

Wartime - Service During:

WWII: 9/16/1940 to 7/25/1947
Korean: 6/27/1950 to 1/31/1955
Vietnam: 8/5/1964 to 5/7/1975

You must have at least 90 days on active duty and been discharged under other than dishonorable conditions. If you served less than 90 days, you may be eligible if discharged for a service connected disability.

Peacetime - Service during periods:

7/26/1947 to 6/26/1950
2/1/1955 to 8/4/1964
5/8/1975 to 9/7/1980 (Enlisted)
5/8/1975 to 10/16/1981 (Officer)

You must have served at least 181 days of continuous active duty and been discharged under other than dishonorable conditions. If you served less than 181 days, you may be eligible if discharged for a service connected disability.

Service after 9/7/1980 (enlisted) or 10/16/1981 (officer)

If you were separated from service which began after these dates, you must have:

Completed 24 months of continuous active duty or the full period (at least 181 days) for which you were ordered or called to active duty and been discharged under conditions other than dishonorable, or
Completed at least 181 days of active duty and been discharged under the specific authority of 10 USC 1173 (Hardship), or 10 USC 1171 (Early Out), or have been determined to have a compensable service-connected disability;
Been discharged with less than 181 days of service for a service-connected disability. Individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or, in some instances for the convenience of the Government.

Gulf War - Service during period 8/2/1990 to date yet to be determined

If you served on active duty during the Gulf War, you must have:

Completed 24 months of continuous active duty or the full period (at least 90 days) for which you were called or ordered to active duty, and been discharged under conditions other than dishonorable, or
Completed at least 90 days of active duty and been discharged under the specific authority of 10 USC 1173 (Hardship), or 10 USC 1173 (Early Out), or have been determined to have a compensable service-connected disability, or
Been discharged with less than 90 days of service for a service-connected disability. Individuals may also be eligible if they were released from active duty due to an involuntary reduction in force, certain medical conditions, or, in some instances, for the convenience of the Government.

Active Duty Service Personnel

If you are now on regular duty (not active duty for training), you are eligible after having served 181 days (90 days during the Gulf War) unless discharged or separated from a previous qualifying period of active duty service.

Selected Reserves or National Guard

If you are not otherwise eligible and you have completed a total of 6 years in the Selected Reserves or National Guard (member of an active unit, attended required weekend drills and 2-week active duty for training) and

Were discharged with an honorable discharge, or
Were placed on the retired list, or
Were transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after service characterized as honorable service, or
Continue to serve in the Selected Reserves

Individuals who completed less than 6 years may be eligible if discharged for a service-connected disability.

You May also be determined eligible if you:

Are an unremarried spouse of a veteran who died while in service or from a service connected disability, or
Are a spouse of a serviceperson missing in action or a prisoner of war

Note: Also, a surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, may be eligible for the home loan benefit. However, a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must apply no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.

Eligibility may also be established for:

Certain United States citizens who served in the armed forces of a government allied with the United States in WW II.
Individuals with service as members in certain organizations, such as Public Health Service officers, cadets at the United States Military, Air Force, or Coast Guard Academy, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, merchant seaman with WW II service, and others.

For additional information on VA Home Loans, Call Kevin Tinsley (253) 472-1500 www.alltechmortgage.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

FHA Home Loans in Tacoma - Do You Know About The FHA 90 Day Rule?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Mon, 08 Jun 2009 11:52:35 -0500

www.FHAHOMELOANSTACOMA.COM

Financing a home with a FHA mortgage in Tacoma can be a challenge if the seller has recently acquired the property. Due to the large number of foreclosures and short sales, you may come across homes where the owner of the property has only owned the home for a short time. In this case, if you are planning to finance the purchase with an FHA LOAN, you will have to wait 90 days before you can enter into a purchase and sale agreement to purchase the property.

Hud has recently made some exemptions to this 90 Day rule. Below are the exceptions:

* HUD Repo's
* Owned by Federal, State or Local Governments Agencies
* Owned by State of Federally Charted Financial Institutions
* GSE owned Fannie and Freddie Mac
* Inherited Properties
* Employer owned from employee transfers
* Non-Profits on HUD's approved list to purchase REOs at a discount
* Properties in a designated federal disaster area
* Builder selling newly built home
* Foreclosed, or Mortgagee (Lender) "acquired" properties

**Any title change to the property in the proceeding 90 days will trigger the 90 day rule. Examples: Seller transfer the property to a LLC, Seller creating a revocable living trust, Seller transferring the property to a living trust, and quit claim deed transfers.

TIP: Request a copy of the ownership record, preliminary title, or any other document to show how long the owner has owned the property before making a offer to purchase the property.

If you do have to wait for the 90 day period to expire, keep in mind you may be subject to higher interest rates in the future and may no longer qualify for the home.

For more information on this topic, Call Tacoma's #1 Mortgage Expert - Kevin Tinsley at (253) 472-1500 or visit us on-line at www.alltechmortgage.com or www.fhaloanstacoma.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

For Your Protection Get A Home Inspection When Buying a Home In Tacoma

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 24 Apr 2009 15:59:07 -0500

For Your Protection Get a Home Inspection

U.S. Department of Housing and Urban Development
Office of Housing
Office of Single Family Housing

Why You Need a Home Inspection

Buying a home is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection is an evaluation of a home's condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will:

Evaluate the physical condition: the structure, construction and mechanical systems.
Identify items that should be repaired or replaced.
Estimate the remaining useful life of the major systems (such as electrical, plumbing, heating, air conditioning), equipment, structure and finishes.

The home inspector does not estimate the value of the house.

After the inspection is complete, you will receive a written report of the findings from the home inspector, usually within five to seven days.

This brochure is primarily for homebuyers that buy their homes with the help of the Federal Housing Administration (FHA) mortgage insurance programs. All homebuyers can benefit from the information in this brochure to understand the difference between home inspections and appraisals, the benefits of home inspections, how to find a qualified inspector, and the importance of radon testing.

Home Inspections Are Not Appraisals

A property appraisal is a document that provides an estimate of a property's market value. Lenders require appraisals on properties prior to loan approval to ensure that the mortgage loan amount is not more than the value of the property. Appraisals are for lenders; home inspections are for buyers.

FHA, which is part of the U.S. Department of Housing and Urban Development (HUD), requires lenders to obtain appraisals of properties securing FHA-insured loans. FHA requires appraisals for three reasons:

To estimate the market value of the property.
To make sure that the property meets FHA minimum property requirements/standards (health and safety).
To make sure that the property is marketable.

The FHA appraisal process will note property deficiencies that are readily observable and found not in compliance with HUD's minimum property requirements/standards (Handbook 4905.1 REV-1 and Handbook 4910.1). These deficiencies may not be the same as those items noted in a home inspection report.

About FHA Home Inspections

FHA helps individuals and families become homeowners by providing lenders with mortgage insurance for certain loans.

FHA does not guarantee the value or condition of your future home, and FHA does not perform home inspections. If you find problems with your new home after closing, FHA cannot give or lend you money for repairs, nor can it buy the home back from you.

That's why it is so important for you, the buyer, to get an independent home inspection. Ask a qualified home inspector to thoroughly examine the physical condition of your future home and give you the information you need to make a wise decision.

The Bottom Line: Spending Hundreds May Save Thousands

When you make a written offer on a home, you should insist that the contract state that the offer is contingent on a home inspection conducted by a qualified inspector. You will have to pay for the inspection yourself, but it could keep you from buying a house that will cost you far more in repairs down the road. If you are satisfied with the results of the inspection, then your offer can proceed.

FHA does not guarantee the value or condition of your potential new home, and FHA does not perform home inspections.

Finding a Qualified Home Inspector

As the homebuyer, it is your responsibility to carefully select a qualified inspector and pay for the inspection.

The following sources may help you find a qualified home inspector:

State regulatory authorities. Some states require licensing of home inspectors.
Professional organizations. Professional organizations may require home inspectors to pass tests and meet minimum qualifications before becoming a member.
Phone book yellow pages. Look under "Building Inspection Service" or "Home Inspection Service."
The Internet. Search for "Building Inspection Service" or "Home Inspection Service."
Your real estate agent. Most real estate professionals have a list of home inspectors they recommend.

Radon Gas Testing

The U.S. Environmental Protection Agency and the Surgeon General of the United States have recommended that all houses should be tested for radon. For more information on radon testing, call the National Radon Information Line at 1-800-SOS-Radon or 1-800-767-7236. As with a home inspection, if you decide to test for radon, you may do so before signing your contract, or you may do so after signing the contract as long as your contract states the sale of the home depends on your satisfaction with the results of the radon test.

Information Resources

HUD has resources available for information about homebuying and homeownership. You may find the following services helpful.

Internet
www.hud.gov or espanol.hud.gov
HUD's website contains comprehensive information about home inspections, homebuying, homeownership, selling a home, making home improvements, and other housing-related topics- in English and Spanish.

National Lead Information Clearinghouse
Many homes built before 1978 have lead paint, and some of these have lead hazards. To protect your family, it is recommended that you get a lead-based inspection and/or risk assessment. For more information, contact the National Lead Information Clearinghouse at 1-800-424-LEAD.

HUD-Approved Housing Counseling
HUD supports a network of approved housing counseling agencies that provide counseling services across the nation. For a complete list of HUD-approved agencies in your area, call the toll-free HUD housing counseling referral line 1-800-569-4287 or visit the HUD website at www.hud.gov.

HUD-Approved Lenders
A searchable database of HUD-approved lenders, including banks, mortgage companies, and credit unions, is available on the HUD website at www.hud.gov.

http://www.fhahomeloanstacoma.com Tacoma's #1 Mortgage Expert - Kevin Tinsley All Tech Mortgage
(253) 472-1500

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Look Mom, No Points on my Tacoma, WA refinance!

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 24 Apr 2009 15:53:02 -0500

Just this week, had a customer call who was inquiring about our rates and fees to refinance his current home loan. He was comparing our costs and rates to that of a competitor who advertises quite frequently in the Seattle Market. After gathering all the information I needed, I sent him a good faith estimate. A few days later, I followed up with him and inquired about the estimate and to see if he had made a decision. He informed me that he was leaning towards the on line competitor because he didn't have to pay any points. He was kind enough to email me their estimate so I could compare the two and here's what I found. He was correct, he wasn't paying any "points" but his loan fee was 2%. We originally quoted our no loan fee, no points option, but our rate was a .25% higher than the no points - 2% loan fee option. So once we gave our apples to apples comparison of the same rate, our fees were a full 1% lower. But had I not followed up with him a few days later, he could have ended up paying substantially more to refinance. So the moral of the story here, is that a No Points options doesn't necessarily translate in to better deal once all the costs were taking into consideration.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, we shop, compare rates & fees and connect you with the best mortgage banks in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies. Plus our fees are some of the lowest in the industry.

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

How to buy a home in Tacoma using an FHA Home Loan?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Thu, 16 Apr 2009 14:14:55 -0500

FHA insured mortgages offer many benefits and protections that only come with FHA:

Easier to Qualify: Because FHA insures your mortgage, lenders may be more willing to give you loan terms that make it easier for you to qualify.

Less than Perfect Credit: You don't have to have a perfect credit score to get an FHA mortgage. In fact, even if you have had credit problems, such as a bankruptcy, it's easier for you to qualify for an FHA loan than a conventional loan.

Low Down Payment: FHA loans have a low 3.5% downpayment and that money can come from a family member, employer or charitable organization as a gift. Other loan programs don't allow this.

Costs Less: FHA loans have competitive interest rates because the Federal government insures the loans. Always compare an FHA loan with other loan types.

Helps You Keep Your Home: The FHA has been around since 1934 and will continue to be here to protect you. Should you encounter hard times after buying your home, FHA has many options to help you keep you in your home and avoid foreclosure.

FHA does not provide direct financing nor does it set the interest rates on the mortgages it insures. For the best interest rate and terms on a mortgage, you should compare mortgages from several different lenders. In order to initiate the loan application process, please contact an FHA approved lender.

An FHA insured mortgage may be used to purchase or refinance a new or existing 1-4 family home, a condominium unit or a manufactured housing unit (provided the manufactured housing unit is on a permanent foundation).

HUD's internet site can provide additional information on FHA mortgages by going to: www.hud.gov/buying/index.cfm

You can also find an FHA approved lender in your area by going to: http://www.hud.gov/ll/code/llslcrit.html

You may also wish to contact a HUD approved housing counseling agency in your area for unbiased and free counseling on your particular situation. You can find a list of these agencies at www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm

There are also many local and State government programs available that use HUD and/or non-HUD funds to provide grants for the downpayment or to help pay closing costs. To find out what programs are available in your area visit www.hud.gov/buying/localbuying.cfm

Finally, if you would like to see a short webcast video about the homebuying process, visit the following web site: www.hud.gov/webcasts/archives/buying.cfm.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, we shop, compare rates & fees and connect you with the best mortgage banks in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies like Bank of America, Wells Fargo, BECU & USAA Mortgage. Plus our fees are some of the lowest in the industry.

http://www.alltechmortgage.com Tacoma's #1 Mortgage Expert
(253) 472-1500 FHA Home Loans Tacoma | FHA Mortgage Rates Tacoma | FHA Approved Lenders Tacoma | www.fhatacoma.com | www.fhahomeloanstacoma.com

7403 Lakewood Dr W, STE 2 Lakewood, WA, 98499 google map | yahoo map

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Why use FHA for your next Tacoma home purchase?

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Sat, 28 Mar 2009 14:24:22 -0500

Why use an FHA Home Loan in Tacoma?

Since 1934, FHA has served as an economic backstop working hand-in-hand with lenders to provide consumers with access to safe and affordable loans, even during times of tremendous market volatility as with the current subprime situation.

Developing closer ties to the lender community will allow FHA to broaden its appeal. But there are specific business reasons for lenders to work closely with FHA. Because our products offer less risk for you -- as well as fast closings, competitive rates and foreclosure protections for your clients -- you can qualify more business and improve your bottom line. FHA's positives include:

No minimum credit score.
Non-traditional credit is acceptable.
Low 3.5% downpayment.
Non-occupant, co-borrower is permitted.
Expanded qualifying ratios.
No prepayment penalties.
Fully assumable.
Default assistance.
Lower premiums.
Non-credit qualifying, streamline refinances.
Availability: in all areas of the country, provided a market exists for the property and the home meets HUD's minimum property standards.
Versatility: may be used to purchase or refinance a new or existing one- to four-family home in urban and rural areas, including manufactured homes on permanent foundations.
Adaptability: typically offered at terms of 15 or 30 years.
Negotiability: interest rates are negotiated between the borrower and lender.
Works well with state and local agency products.

FHA-insured loans are also compatible with industry requirements for:

Appraisal and repair;
Closing costs; and
Lender insurance.

Lenders can take advantage of the Automated Underwriting Systems (AUS) via FHA's TOTAL Scorecard. Plus, there is similar documentation for comparable products between us and the industry, ensuring lender savings in dollars and time.

Innovative FHA solutions such as the streamline 203(k) "buy and repair" mortgage, 85% cash-out refinance, reverse mortgage (HECM) for seniors, and basic construction-permanent or manufactured homes insured financing options are available today to meet borrowers' needs for a better tomorrow.

Now more than ever we need a sustained, coordinated industry-wide effort to strengthen the housing market for future generations. We look forward to forging a closer partnership with you and the greater lender community to achieve our goals together.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. Locally based in Tacoma, we shop, compare rates & fees and connect you with the best mortgage banks in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies. Plus our fees are some of the lowest in the industry. Call direct at (253) 472-1500 or Toll Free at (888) 463-1055.

www.FHATACOMA.COM or www.fhahomeloanstacoma.com

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

mortgage rates near record low, expected to fall more - Tacoma Mortgage Rates

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Thu, 19 Mar 2009 10:43:52 -0500

With another round of buying by the Federal Reserve, mortgage rates dropped back to early January levels. This has created an opportunity for homeowners to refinance their mortgages into record low interest rates in the mid 4's.

All Tech Mortgage beats the National Average in Mortgage Rates

Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.98 percent this week. All Tech Mortgage is quoting rates as low as 4.50% 4.610 apr with 720+ Fico scores and under 75% LTV. We are also seeing a lot of people switch to a 15 year loans, especially those that might have refinance in the early 2000's.

All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. We shop, compare rates & fees and connect you with the best mortgage banks in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies. Plus our fees are some of the lowest in the industry.

We specialize in No Cost and Low Closing Cost Refinance home loans. All Tech Mortgage offers true wholesale pricing from our lending partners. At All Tech Mortgage, we never expect your business, but hope to earn it with our aggressive pricing, speed, and overall efficiency.

http://www.FHALOANTACOMA.COM Visit us online for FHA Mortgage Rates in Tacoma. Now offering FHA Jumbo Loans up to $567,500.

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

15 Year Mortgage Rates Hit 4.50% (4.610apr) in Tacoma, WA

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Mon, 16 Mar 2009 18:20:11 -0500

Tacoma, WA

15 Year Mortgage Rates in Tacoma, WA have hit 4.50% (4.610apr) with a 1pt loan fee. By switching from a high 30 year fixed rate to a low 15 year rate, homeowners can save thousands of dollars over the life of their loan. On a 30 year loan, the first payment consists of approximately 90% interest and only 10% towards principal. Compared to a 15 year loan, where 60% goes towards interest and 40% goes to reducing the loan balance. For those wishing to payoff their mortgage by retirement age, a 15 year mortgage is a great home loan option. The best mortgage...is the one paid off!

Kevin, I wanted to thank for the referral this past month. Aaron was a pleasure to work with. The transaction went very smooth and I wanted to thank you for a flawless closing. I look forward to working with you soon. Best Regards, Brian Thayer - John L Scott - University Place, WA

______________________________________________________________________

Kevin, Just wanted to thank you for all your efforts & patience in helping us buy our new home. It's nice to know we'll have someone we can count on in the clutch who really know their business. Your results in such a short period of time were nothing short of spectacular! Keep in touch and all the best with you & your family. Sincerely, Chris & Deanna

www.alltechmortgage.com

Tacoma's #1 Mortgage Expert

Kevin Tinsley

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

New First Time Home Buyer Program in Tacoma, WA - 3.75% - 4.25% apr 5.504%

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Mon, 02 Mar 2009 12:10:12 -0600

Need a great first time home buyer program? Our Great Start Loan provides an initial interest rate of 3.75% with the stability of a fixed rate.

Loan Type: Owner occupied purchase only. Borrowers must not have owned a home for 5 years or longer.

Loan Term: 30 Year fixed only

Maximum Loan Amount: $417,000

Property Type: Detached and Attached single family residences, 2 Units. No manufactured homes

Interest Rate: 20% Down 3.75% first 2 years then 5.75% for the remaining term (5.504 apr)
                             15% Down 4.75% first 2 years then 6.25% for the remaining term (5.991 apr)

Here's how the program works:

Sales Price:    $300,000

Down Payment: $60,000

Loan Amount: 240,000 @ 3.75% = $1,111.47 principal and interest * taxes and insurance not included
Payment year 2-28 = $1,348.76 principal and interest * taxes and insurance not included

Loan costs: 1% plus third party costs

Combine with the new $8,000 first time home buyer tax credit for additional savings.
All Tech Mortgage Inc. is your gateway to great mortgage products from Washington State's top mortgage lenders. We shop, compare rates & fees and connect you with the best mortgage banks in the Northwest. The interest rates we quote are typically .25% - .50% lower than most national mortgage companies. Plus our fees are some of the lowest in the industry.

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

Investor Financing More Than 4 Financed Properties - New Changes

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Tue, 10 Feb 2009 16:27:40 -0600

Fannie Updates Investor & Second Home Policy

Highlights

•· Limited to 10 properties financed in total (this includes primary residence and any other properties).

•· Commercial properties or those greater than 4 units do not count toward the 10 property rule

•· Properties titled to and financed by an entity (LLC, etc) do not count toward the 10 property rule

•· Down payment options vary depending on number of units and number of properties financed

Qualifying

•· Easier to qualify than what most people realize

•· Entire down payment must come from borrowers own funds, no gifts allowed

•· Seller contributions cannot exceed 2% of the sales price

•· Cash Reserves Required - depending on number of properties owned

•· Anticipated cash flow can often be used to offset the new payment making it easier to qualify

•· Borrowers with multiple rental units can use rent to offset payments making it easier to qualify

Benefits

•· Tax benefits associated with owning rental properties can be significant

•· Prices are at record lows creating great buying opportunities

•· Rental property buyer's don't have a home to sell giving them a negotiating advantage

•· Lower prices = Lower down payment requirements and lower monthly payments

•· Lower monthly payment = better cash flow

Don't let your investors miss out on an investment buying opportunity by working with a lender who may not be familiar with investment property lending. Call Kevin Tinsley at www.alltechmortgage.com with any refinancing or investor financing questions. (253) 472-1500

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com

On your mark, get set, Refinance...Tacoma Mortgage Refinance Rates

Tacoma's #1 Mortgage Expert - Kevin Tinsley — Fri, 16 Jan 2009 01:05:52 -0600

The Federal Reserve's plan to lower interest rates is working...

With interest rates again below 5.00% and lenders getting backed up, I thought I would pass along a few tips to make the refinance process a little less stressful.

1. Get an accurate balance of any mortgage liens on your property- 1st, 2nd mortgage's or HELOC's, or other items you may have purchased that are liens on your property ie. new windows, furnace. If you plan to keep your HELOC (home equity line of credit) open, contact that lender and ask for their "subordination requirements" and get a contact number for that department.

2. Pull together all the necessary items you may need in order to speed up the application process:
    A.  2008 & 2007 W2 Forms
    B. Paystubs - Covering a 30 day period'
    C. 1-2 Months bank statements - all pages
    D. 1-2 Months stock, retirement or other asset account
    F. 2007 tax return if self employed, you have investment property, or commission income
    G. Name & Phone number of your homeowners insurance agent
    H. Copies of your current mortgage statements - helps the escrow or title company order your payoff statement.

3. Be available for the appraisal appointment as soon as the appraiser can come out. - Otherwise they may not be back in your area for a few days.

4. Plan to spend 5-15 minutes on the phone asking questions about the process, timing, and other factors involved in refinancing your home.

Another thing to remember, Not everyone can benefit by refinancing!

There has to be a clear benefit before you should consider refinancing. If you would like a second opinion on refinancing and have already selected another lender, feel free to use us as a second set of "eyes" to make sure your getting the right loan for you're particular situation. My direct number is (253) 472-1500 ask for Kevin

Kevin Tinsley
All Tech Mortgage.com

Tacoma's #1 Mortgage Expert - Since 1996
FHA | VA | Conventional Purchase & Refinance Home Loans
7403 Lakewood Dr W, STE 2
Lakewood, WA 98499

(253) 472-1500 Office
(800) 339-7059 Toll Free
(866) 421-1788 Fax
kevin@alltechmortgage.com
www.alltechmortgage.com