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Blog entries tagged with "fha loan":
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There is a little known program that is becoming very necessary for the purchase of many Bank Owned, REO, or Repo properties. The Rehab loan. VanDyk Mortgage offers 203K streamlines to make the process of buying a home that needs a little TLC (or quite a bit in some cases!) easier, … (0 comments)
Seriously folks! If your not worried you should be. This recent emergency housing bill that George Bush signed today contains an amendment that kills down payment assistant programs. What does that mean for you and me as real estate professionals. It means additional pain for you as a professional, but more … (6 comments)
For those who are considering a home purchase but do not have funds available for a large down payment time, is running out.
This morning I was opening my mail. As I typically do, I was sorting through and making two piles, junk and real mail. I consider myself aware enough about solicitations not to open them. Although I got fooled today! 
This month's edition covers Montgomery AL real estate market activity and then we'll discuss the new changes in FHA lending. Features special guest Terri Murphy of US Learning. Program length: approximately 7 1/2 minutes
This year, as an emergency stop gap measure, the FHA conforming rate was raised to $729,000 for many of the higher cost areas like California. However, this was a temporary measure good only until the end of this year. As we, in California, know, borrowing $417,000 does not give you a … (0 comments)
I had picked up an agent flyer this weekend just in curiousity of what he had on there. Nothing really out of the norm but he had a lender with a loan scenario break down of acouple loans. Which is a great deal since it gives the client a chance to … (0 comments)
In Mississippi, you can purchase a HUD home with only a $100 down payment. 
Still on the fence about buying? If your lease is ending within the next 90 days, then here's a little nudge that may help you move forward with your new home purchase.
FHA is a viable option for home-buyers. FHA's goal is to help American's achieve the "American Dream of Homeownership"
Borrowers with poor credit history, low scores, recent bankruptcy can still obtain mortgage loans under FHA insured program. You may be surprised to learn that FHA does not require a minimum credit score and it does not require all collections and charge-offs be paid prior to obtaining FHA insured mortgage. Specific lenders … (0 comments)
Firefighters, there are special FHA loans available to you. You can qualify for the government's exceptional Federal Housing Administration loans due to the stability of your income. You may purchase homes with as little as 3% down or you may even qualify for down payment assistance and put 0 down. In this … (0 comments)
Congress left town for the July 4 recess with a half-baked cake in its legislative oven - one that has huge potential significance for the housing and mortgage markets. The unfinished work is a major relief bill designed to rescue hundreds of thousands of homeowners heading for foreclosure, pull new buyers … (0 comments)
Everyone needs a little help now and then, especially when facing the major expense of buying a home. Through the US Department of Housing and Urban Development, qualified lenders issue loans such as the MA Federal Housing Administration (FHA) Loan. It’s known as a ‘government loan,’ but the FHA does not … (0 comments)
Mortgage financing sponsored by the Federal Housing Administration (FHA) can make home ownership affordable for you!
During the Great Depression of the 1930’s, one of the most affected markets in the country was the housing Market. Years prior, housing bids were flying, more money was being spent on not only new homes, but also refinancing, and additions. However, after the crash of the American Stock Market, home … (0 comments)
Hud released mortgagee letter 08-16 on June 11th, 2008. In this letter, Hud is changing the FHA requirements for calculating both the Up Front Mortgage Insurance Policy (UFMIP) and the Annual / Monthly Insurance Premium (MIP).
Yes! You could own this 4 bedroom 2.5 bath English Tudor home for as little as $500.00 down and a mortgage payment of $1,189.23, by qualifying for a FHA loan and using the AmeriDream Down payment assistance.
Well, I cannot believe it! After only one extension on the FHA loan approval, the buyers have approval today! Right on time, too! Maybe my perception of FHA needs to change....a lot! I'll keep you posted to the end. Although, it ain't over till it's over, I'm starting to feel better … (2 comments)
More than ninety percent of all residential homes in Knox County Ohio are valued at $275,000 or less with an average sales price annually ranging between $125,000 and $130,000. The reason I mention this is because FHA has made some very attractive enhancements to their mortgage loan program and many real estate professionals aren't even … (1 comments)
FHA Loan Center
FHA stands for Federal Housing Administration, a by-product of the National Housing Act of 1934 and now a sub-group within the U.S. Department of Housing and Urban Development (HUD).
The FHA is not a lender nor does it build homes.
The FHA exists to insure lenders against loss in the … (1 comments)
Hello Everyone,
… (0 comments)
Wisconsin FHA mortgage loan requirements are standards that allow first time home buyers the opportunities to meet mortgage qualifications. The closing costs with FHA mortgages are same as conventional loans excepting that you would have to pay the extra FHA mortgage insurance premium.FHA home loans are easier to qualify for than … (0 comments)
Below is the email I received
Chris Miller hosts a weekly radio show in Mesquite NV on radiomesquite.com called Talking Real Estate. On Saturday May 3rd, Jeff Belonger - The FHA Expert - was in town - Well, his voice was, anyway! Along with some of his knowledge and expertise as a loan guy.
Financing Solutions with David Reed
As many first time home buyers start to realize now is the time to buy most ask what kind of assistance programs are out there for me. If you read my previous blogs on FHA Loans and Nehemiah Down Payment Assistance you will see just a couple of options.
My mortgage team, (The Martell Group) of Sterling Home Mortgage, received an email from one of our preferred mortgage lenders stating they will be cutting 5% off the maximum loan to value for properties in declining markets. Guess what.....Arizona is one of them. I have copied the email and the list … (2 comments)
Yesterday I turned in a new loan and 3 trees sacrificed their lives just for this event. Paperless? Yeah, RIGHT. In what life? Please do not let the organizers of Earth Day know that it takes as many trees to apply for your mortgage these days as it does to build … (15 comments)
WELCOME TO THE NEW FHA LOAN. VIRGINIA REAL ESTATE OPPORTUNITY FOR HOME BUYERS.
Most mortgage insurance companies have placed restrictions on the maximum loan-to-value ratio (LTV) for condominiums in declining markets. At the moment, it is 90%, meaning a buyer needs 10% down if they are purchasing a condo. However, as long as the property is in an FHA-approved condominium project, 100% financing can still … (2 comments)
The government has increased the FHA loan limits to $271,000! This is in hopes that the much higher loan limits will draw move-up buyers into the market since they will be able to get better loan terms. FHA loans typically require 3% down payment and the seller can contribute up to … (0 comments)
As much as I have welcomed new limits for FHA loans when the same got raised few weeks back. Click here to look up your County it makes me wonder if this will be our new sub prime market? 
For those working with me or soon to work with me, YES, foreclosures/bank-owned properties CAN be a good deal and short sales CAN be nice houses and good deals but if you are a first-time buyer or if you are getting an FHA loan, PLEASE, PLEASE think first before you consider writing … (4 comments)
FHA Loans in Tampa, Florida and throughout the US are going to become even more useful now as the President has finally signed the Economic Stimulus Bill which increases the FHA loan limits by county. (To determine your maximum loan limit, please use the following link to HUD.)
I work with a lot of first time home buyers that I educate to understand what they need to do in order to purchase a home. I figure there are quite a few people out there that are sitting on the fence as they don't really quite know where to start, … (2 comments)
Just got an email from my mortgage broker that I'd like to share with you:
FHA Seminar - Get Prepared to Increase Your Business!
The Current FHA rate has lowered to 5.375% - APR 5.703%.This is really good news for those who are looking for a mortgage from FHA.The FHA home loan has been assisting many homeowners with a low down payment mortgage program, and also for those that need a bad credit mortgage.FHA mortgages can assist a 1st time home buyer … (0 comments)
Here is a summary of the requirements for an FHA-insured Short Sale:
If you are looking to purchase a home with little or nothing down and have less than perfect credit you need someone who is an expert at lending FHA Loans. This type of financing on todays terms has a low fixed mortgage rate and can be obtained even if you have … (0 comments)
FHA for First time Florida Homebuyers, First time home buyer programs in Florida, Florida FHA loans, http://www.fhamortgageprograms.com/
Last week, President Bush introduced a plan called the FHA Secure Initiative. This plan will enable homeowners to refinance various types of ARMs that have recently reset, and/or are delinquent into FHA loans. A Federal Housing Authority (FHA) mortgage is a government insured loan. Since it is backed by the government, … (1 comments)
Applying for your FHA loan 
Now that the holidays are over, the Texas Longhorn Bowl game has been won, the champagne glasses are empty, and all the great holiday sales are coming to an end, its time to think about our New Year’s Resolutions. For most its joining Pure to get back in shape or maybe … (1 comments)
Senate Passes FHA Loan Limit Increase! 
I figured you should know the new buzz word for distressed homeowners is HOPE NOW, the White House mortgage plan, but they should also have a sidebar called Another Hopeless SOS Website. 
If you currently have an FHA Mortgage, you can "Streamline Refinance" your current mortgage. What exactly does "Streamline Refinance" mean? 
LENDING SOLUTION FOR LOS ANGELES
How does the FHA Loan Program work in Greater Orlando, Florida?
There is some big changes coming for the Downpayment assitance programs currently in place for providing the 3% required down payment for an FHA purchase loan. As of October 31, 2007 it is going away except for Nehimiah which has sued to have their deadline extended to MArch 2008. Ameridream has … (5 comments)
A new report has just been released which identifies the 6 most common and costly mistakes that homebuyers make when buying a home. Mortgage regulations have changed significantly over the last few years, making your options wider than ever. Subtle changes in the way you approach mortgage shopping, and even small … (0 comments)
This morning I got up around 5:30 and turned on the TV and went into the kitchen to make some coffee. I heard someone on TV talking about mortgages. I hurried back to see what it was and they were talking about refinancing out of an ARM loan and into an … (12 comments)
FHA Home Loan Financing Options
I obviously have a lot on my mind today in reference to the business world. "Too good to be true"?...Have any of you received off of this website inparticular any unusual clients? 
Are you a First -Time Home Buyer? This loan is a government insured loan that may allow you up to 97% financing at a very competitive rate. If you have questions,you have come to the right place. I can review your individual situation and determine what you may qualify for.I will … (0 comments)
Change in the Market
Government Loans VA - FHA 100% Financing Alternative