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Blog entries tagged with "fha":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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Government loans require a lot of documentation so don't allow yourself or your customer to become frustrated. It is imperative for everyone to cooperate fully in order to have a smooth government transaction. Here is just a list of some of the "hold up" items as well as some recommendations on … (6 comments)
Puyallup residential real estate pending sales were up from the previous week, which is a sign the real estate market in Puyallup is making the turn towards a sellers market, however it has a long climb to get there.
Fovernight. Fear is paralyzing, and the news reports create fear and worry. Actually, it is an excellent time to buy a home, with prices not seen since 2004, and despite what some would have you believe, mortgage money is readily available. That said, things have changed drastically since this time last … (10 comments)
While the behind the scenes effect will probably be drastic and difficult, the effect to all borrowers who have Financial Freedom Reverse Mortgages will be next to nothing. As I have explained in several blogs, if a lender goes out of business, or becomes insolvent, HUD can take over and continue any … (0 comments)
… (2 comments)
I am shocked at the posts today on Active Rain. A major shock wave was sent through our industry with the potential to dramatically hurt us all, yet all I see today are the "same old, same old" posts.
With so many home foreclosures and short sales on the market that are in need of "TLC" or a "Handyman's Touch" and with 100% financing virtually gone the way of the Do Do, many first time and lower income home buyers who want to take advantage of the buyer's market by … (5 comments)
Dear Mortgage Professional,
How would anyone propose a rule that would eliminate Down Payment Assistance (DPA)? We all need to focus on what is good in the mortgage industry, not make changes that will hurt it further. As a trusted Loan Professional I have helped several of my clients obtain FHA loans with DPA. These clients … (3 comments)
Effective with new FHA case number assignments on or after July 14, 2008, FHA will implement risk-based premiums on one- to four-unit single family mortgages. The premium matrix is shown below, replacing the premium matrix in Mortgagee Letter 00-38, which identifies the current mortgage insurance premiums for FHA's single family programs.
Hi I'm Paul Dunn, Tucson's #1 FHA Mortgage Loan Originator and I am constantly getting the question "What is an FHA Secure short refinance". A Short Refinance is a transaction where the current lender forgives debt in order to complete the transaction. 
Are you looking to purchase a home or refinance your existing home in Texas?
Today's Rates -July 10, 2008 30 Year Fixed 6.125% 
Effective with new FHA case number assignments on or after July 14, 2008, FHA will implement risk-based mortgage insurance premiums on one to four unit single family mortgages. 
I understand Bush is working on a plan to get more affordable home loans for those in distress. It was my understanding that loans do not cost people to lose their homes lack of income or loss of income due to job loss and unable to find new employment is why … (1 comments)
Did you know that when you combine FHA with Nehemiah (on a single family owner occupied purchase) the seller can contribute up to 12%? 6% through the Nehemiah Down Payment AassistanceProgram for down payment and then an additional 6% to go towards buyers pre-paids, reserves and closing costs which is allowed … (16 comments)
Police officers and Law Enforcement officers, Thank you for all that you every day.
For a Quick Easy Loan Approval:
I just got something from Bank of America on ACORN (Association of Community Organizations for Reform Now) mortgage solutions. This could be good news, and I want to hear it!
When we first start working with a client, We tell you that our company is different from others in the mortgage industry. We will always keep you up-to-date on the major changes in the market that could affect your financial goals or the goals of those close to you. This is one … (0 comments)
Chairman Bernanke is about to change the face of mortgage lending and it could affect you. In fact, they have already tipped their hat to let economists know they will be raising interest rates in coming meetings.
For several months before the fallout began I literally begged people to refinance into … (1 comments)
Hey Folks!
I would like to share an experience that happened to me this morning.
Just thought this may be helpful information!
FHA has become the "new" product of choice for the majority of home buyers today. With little or no down payment and higher loan limits FHA has stepped up to the plate in an attempt to help bail out the current slump the housing market is experiencing. As Realtors, we should … (1 comments)
The change in FHA's loan limits can help you to achieve the American Dream, homeownership.
FHA is a great loan for California buyers
Some would-be buyers in today’s market might think that mortgages just aren’t available to them in today’s tighter lending climate, but buyers who are reasonable credit risks have more financing options than they might think. For starters, Federal Housing Administration loans are back. According to NAR data, FHA loan originations saw … (0 comments)
"Will the seller take 5% down?" the agent asked me. "FHA is the only possible thing out there right now for my first time home buyer, but if your seller can match it, then we should be able to write an offer." This kind of conversation will become increasingly common as … (3 comments)
Yes you can! FHA Mortgages work in all 50 states in the U.S., in any town or city within the 50 states. Whether your live in a city, a suburb, or out in the country. I will help make that dream come true of refinancing or owning a new home.
fha.com:
Dave Michaels with the Dallas Morning News called me out of the blue the other day. He was working on a story about FHA Loans in Texas. It seems that I show up pretty high in the Search Engines for the keywords that he was interested in that day(Thanks ActiveRain).
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Starting next week, FHA loans will charge higher mortgage insurance premiums to home buyers with lower credit scores or without traditional credit histories. Coaching home buyers how to establish a positive credit history is more important now than ever. 
I almost didn't post this here, but did remember saying in my last post, that there would be a follow-up. So with that said, if you enjoy what I have to say here, please visit me for future updates at Marc's Corner.
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Contact Anthony Saunchez,REO Realtors® in Fontana California at 909-731-1094 to purchase a property in Fontana,The Inland Empire or Hi-Desert. Call us today at 909-731-1094 or . Contact us by email if you prefer . We know Fontana Real … (0 comments)
Lenders are foreclosing homes right and left, and the ownership of many of those pass to FHA or one of the other governmental secondary market lenders for them to dispose of. 
What is the Federal Housing Administration?
Since 1934, FHA has helped about 35 million borrowers, making it the biggest insurer of Government mortgages in all of the world. Congress introduced the (EAHA) Expanding American Homeownership Act in June 2006, which would enable FHA home loans to be a great option for more low-to-moderate-income, and minority families so they can achieve the … (1 comments)
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Often times, people in financial distress make bad decisions because they want to believe the person who claims to be helping them.
Once again the threat is looming that non-profit organization will no longer be allowed to make the 3% contribution required for buyes to become eligable for 97% FHA insured purchase money loans.
In the past, credit scores really didn't have much of an impact on an FHA loan. For the most part, there was no minimum credit score and pricing for FHA loans for the most part was one size fits all. Those days are about to change with FHA. Beginning the middle … (0 comments)
97% Financing on a refinance or purchase recently with lower credit scores have been thought to not exist ... however that isn't necessarily true. Because of the recent rush to understand the correct underwriting practices of FHA Programs that are being made available......some truly useful programs are now available to worthy borrowers who can prove their … (0 comments)
Home buyers that meet HUD's income, credit and asset requirements for an FHA insured loan can also qualify for a gift which can be used for their 3% down payment which is the minimum down payment required by HUD. This gift comes from a non-profit 501(c)3 charitable foundation and never has … (2 comments)
Effective July 14, 2008, FHA will implement a risk based premium policy for its mortgage insurance (MI) on 1 to 4 unit single family mortgages. The premiums will vary slightly based on the term of the loan (i.e. 30Yr versus 15Yr), so for the purposes of this post, we have focused … (3 comments)
Myth #1 - The bank takes the house OR the borrower can lose the house.
We used it to get kids into a home when they had no way to qualify on their own - no income, no assets, no credit history - and they had a family member who would go with them as a "non-occupying co-borrower".
As we have all seen on the news, the mortgage industry is increasingly violatile right now. Many programs we had last fall have changed drastically. I am constantly asked by customers and realtors if 100% financing still exists. Yes, it does with certain loan programs and strategies. We offer Rural Housing … (0 comments)
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The FHA in "FHA Mortgage loans" stands for "Federal Housing Administration."The Federal Housing Administration is a government entity that insures mortgage loans that lenders fund (as long as they fall within the FHA guidelines). In other words the FHA is basically an insurance company, owned by the government, and insures lenders/banks … (0 comments)
Quick Tips for Getting Started on Your Refinance
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HUD finally decided to make some changes in regards to mortgage insurance premiums and their most risky loans. They are trying to maintain their solvency and stay afloat with the large quantity of riskier loans they have been insuring with the demise of the Subprime market. For the … (2 comments)
Why are FHA loans taking so long? Conventional loans used to take 2 to 3 weeks, now I'm waiting for 45 days minimum. Well Ladies and Gents, the world has changed once again. Conventional loans for purchases have gone by the wayside for the most part because they are affected by … (0 comments)
The AP news article reported last Friday that non profits are battling with the administration whether to end FHA down payment assistance programs.
Thank you to the Nebraska Realtors Association for bring Kevin Stahle to Omaha to teach GRI 104: Financing. The class was held at the Holiday Inn Convention Center on June 25th & 26th.
Good Morning Everyone!
If you are a rehabber or wholetaler and you been sitting on the side lines because of the "anti-flipping" law that doesnt allow you to sell a property if you did not own it for at least 90 days then its time to get up. The Federal Housing Administration is temporarily … (3 comments)
ARE YOU UPSIDE DOWN WITH YOUR HOME LOAN?We can refinance upside down mortgage holders nationwide. If you owe more than your home is worth, let us take a look at your scenario.Let’s say you have a mortgage of about $400K with a home market value of $335K and that you would … (3 comments)
For this and other GREAT blog posts, please view our real estate BLOG at www.DaytonsDirt.com.
Now Seniors in Detroit Michigan Can Live Rent Free for the Rest of Their Life
Over the last months conventional mortgage guidelines have tightened, and with risk based pricing mortgage financing has gotten more expensive for most borrowers. Conventional mortgage insurance has pulled back on what they will cover, and the cost of mortgage insurance has gone up (more increases are coming in August). This combination … (0 comments)
I attended a meeting last week and heard it from a pretty reliable authority that all the prophets of doom and gloom are wrong! Hopefully, this is not a suprise to you.I love listening to people speak who concentrate on the postive, and not the negative side of things. For … (1 comments)
Hud is making some dramatic changes to the FHA mortgage program on July 14,2008. tTe main aspect that will effect all real estate professionals is the changes to FHA mortgage insurance premiums. with the new changes a buyer that would have paid 1.5% up front will now pay 2.0% this may … (3 comments)
Howard McAuliffe of the NAR YPN Network writes: