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Blog entries tagged with "fha":
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FHA moves to the forefront in lending again The past couple weeks have seen significant news for Mortgage holders, lenders, and banks. Loan amount increases are official (for details click here) for FHA, FNMA, & Freddie Mac loans. This will help hundreds of thousands of US homeowners get lower rates for … (0 comments)
The current comeback of FHA loans may have a more possitive affect on the economy than the current tax refunds. FHA loand seem have had a increase in our market. I am a licensed broker as well as a certified residential appraiser in Tennessee. I have seen a huge increase in … (0 comments)
What does everyone think about the new FHA Loan Limits?
FHA is the only way to go
A mortgage officer from Wells Fargo tells me the following: "Fannie Mae announced that all loans purchased after June 1, 2008, will be priced higher due to increased risk in the market place. "Borrowers with credit scores less than 720" can expect to pay more for their mortgages due to this … (0 comments)
I want to start off by saying that I know and agree that this topic has literally been beat to death. It has been the topic of discussion across the Country for many months now. The stimulus package, the conforming loan rates and limits, FHA, VA, Nehemiah and yada yada ya! … (39 comments)
I just attended a class with my preferred lender about the new FHA Limits and Guidlines for the County of Los Angeles. Per the class what I found was that the new basic guidline Key Popints are as follows:
With the new mortgage insurance guidleine changes, options for low money down financing for home buyers with credit scores <680 have become restricted. One great option that remains is FHA financing, which only requires a 3% borrower investment. There are also still a few down payment assistance programs available which allow a buyer to effectively … (0 comments)
The new FHA loan limits have been announced in Northern Nevada and as a lender, I'm extremely happy.
FHA and Fannie Mae- Freddie Mac conforming loan limits have been released by the U.S. Department of Housing and Urban Development (HUD). HUD has provided a FHA Mortgage Limits page. This page allows you to look up the FHA mortgage limits for your area or several areas, and then list them … (0 comments)
Everyone likes a bargain. Even First-Time Home Buyers! The simple definition of a first-time home buyer is someone who has not taken a mortgage interest deduction in the last 3 years. It's not surprising that first-time home buyers are beginning to take notice of current housing prices. 
Are you feeling it yet? Knock knock knock, who is it? It is opportunity and it knocking on the door are you going to answer it? OMG there are amazing opportunities in this market place right now! If you are looking to create wealth for your family or add to your … (0 comments)
I would like to thank the staff at active-rain and God. Since I have been a member of your network I have meet alot of interesting people. I have been help by fellow members and helped fellow members. When I first join I thought it would be a good way to … (5 comments)
We all know that there were various "Liar Loans" that caused the majority of the housing down turn the past few years. The question I here on a daily basis from Realtors in the Tri Valley is, "What can we do to get qualified buyers into these phenomenally priced houses"? One solution: … (3 comments)
Good News! 
FHA "TEMPERARLY" RAISES MAXIMUM LOAN LIMITS Sacramento and Surrounding Counties to $580,000 through calendar year 2008. … (0 comments)
You have been reading about all of the economic stimulus package benefits but probably don't know how it affects you if you live in Minnesota. A common question I receive is: 
FHA Loan Guidelines | FHA Home Loans and Mortgages | Genesis Mortgage | Atascocita, Humble, Kingwood, Summerwood, Summer Lake Ranch, Eagle Springs, TX, Texas | Jeremy Williams Keller Williams Realty NE | Ashley Van Meter FHA has raised the maximum loan limits to $271,050 for one unit single family homes. These limits are … (0 comments)
With loan limits officially increased (woo hoo!), but only for the year; I found this website that would be great approximation to see how much money your family could potentially receive in a loan.
The new FHA loan limit is now $271,050 versus $230,850. This puts most of the homes in the state under this limit. As conforming loans have more restrictions and guideline changes, FHA has got several advantages:No minimum credit score. Instead the underwriter will look at the credit history and determine their … (0 comments)
On Thursday, the Department of Housing and Urban Development published new conforming loan limits that take them above $417,000, to a maximum of $729,750, depending on the median home price in a market. HUD also implemented temporary increases in FHA loan limits. Based on the area's median home price, these range from a … (2 comments)
How Much Home Can You Afford? 
There have been numerous changes to the mortgage lending arena. These changes include the way in which borrowers are "qualified" for a mortgage to the way they're charged for mortgage insurance. It use to be that a 660 credit score was a "GOOD" credit score. Not any more! 680 is the NEW … (0 comments)
Great News!!!FHA has posted the new California loan limits. The Sacramento MSA loan limits, which include El Dorado, Placer, Sacramento and Yolo Counties are as follows: 1 unit - $580,000 2 unit - $742,500 3 unit - $897,500 4 unit - $1,115,400 You can also access the entire list of … (0 comments)
The courts ruled this past Wednesday that down payment assistance programs are still a viable option for prospective home-buyers to use in order to become homeowners. The basic premise of a down payment assistance program is that the seller donates up to 3% to a non-profit agency, plus a $200-$500 processing … (16 comments)
I like visuals and charts so I put this one together to send to my clients and real estate agents. Please let me know if you like it and feel that it is easy to read and use. Megan Bluher | (425) 576-2204 | Email: mailto:mbluher@aol.com Details on pricing and delivery … (2 comments)
Great news............................. Effective Monday, March 17th, the FHA limits have increased - Volusia County $303,750.00Flagler County $287,500.00St. Johns $387,500.00Duval (Jacksonville) $387,500.00 Currently FHA does not look at appraisal issues concerning declining, and distressed markets, which affects the amount of down payment your buyers must have on a conventional loan. With … (1 comments)
Great News for Buyers! 
Over the last few years, FHA mortgages became very rare so there were few HUD-owned homes that came up for sale. HUD homes are the result of an FHA mortgage that gets foreclosed. Now as FHA mortgages have once again gotten popular, the inventory of HUD homes will eventually increase. Even … (7 comments)
Mortgage Insurance has made it possible for home buyers to get in homes with little or no money down. Changes this past week with many of the top pmi companies are going to make it much more difficult to buy a home without a large down payment unless you have a … (5 comments)
Yesterday we were notified of the new FHA Loan Limits for Connecticut that are a result of the Stimulus Bill. These new TEMPORARY limit increases were announced per County not only in Connecticut but throughout the Country.
Yesterday I posted some information about the new conforming limits for FHA loans in certain, high-priced counties. Today in the Washington Post (March 8, 2008), it was revealed that the new limits do not extend to Veterans Administration loans. This was a surprise for many veterans, as well as many of us … (0 comments)
Wow I have been reading so much lately on FHA and the Nehemiah program and it brings me back 154 blog posts - January 17, 2007 - my very first blog post here on Active Rain "My first blog! Nehemiah Program". 
It's out, the new increased loan limits for FHA loans. In case you don't know already, in East Baton Rouge Parish you may now use an FHA loan up to $280,000 to purchase a home. This goes for the surrounding areas too. If you want to double check with FHA, you … (0 comments)
Everyone is buzzing about the new FHA Conforming Mortgage Limits (even though we have yet to see if lenders will comply).The limit in Tucson (Pima County) has been raised to $316,000, while Phoenix (Maricopa) is now $346,000. HUD has done something nice in providing a site where you can just plug … (4 comments)
10. 30-fixed mortgage rates are at the lowest levels in 45 years.9. No areas of Indiana is tagged as a declining value market.8. Indiana property tax bills are starting to make sense.7. FHA mortgage limits have increased.6. With the state 20 degrees below normal who wants to go outside anyway?5. Since … (2 comments)
The Fair Housing Administration as part of the stimulus package that has been just passed, has raised limits in some markets to fantastic limits. In reality, how many of these home owners can qualify with FHA guidelines, and what type of credit do these borrowers need to attain these loans. Both … (2 comments)
WRITE TO YOUR CONGRESSMAN!!Although Ameridream and Nehemiah's DPA progam heads recently announced the decision of federal courts to halt HUD's ability to disallow the providing of down payment assistance in the form of gifts from non-profit organizations, Congress may potentially provide the death blow. The courts are correct in stating that … (0 comments)
Now I can better help you, help your clients with not-so-perfect credit and/or limited cash to purchase a home in the $300-400K range. FHA generally has the best rates and the lowest MI payments. So what are you waiting for? Block out an hour or two each day, get on the … (2 comments)
Sacramento, before your head hits the pillow on Saturday night, set your clocks ahead one hour. Some think they lose an hour and others just go to be earlier or stay in bed longer.Springing ahead, makes me think positive. And gosh knows we need a little positive these days, don't you … (10 comments)
New FHA Mortgage Limits For Most of Northwest Indiana!!!
With as little as Zero down (with approved down payment assistance programs e.g. Ameridream, Nehemiah, CHAPA, etc.) the new FHA Limits will allow you to sell more homes that have typically been out of reach for some first time homebuyers and some move-up … (0 comments)
There has been a lot of talk about the FHA loan amount increase and on 3/5/08 HUD released the new FHA loan amounts. Below is a grid that details out how Spokane and Kootenai County are shaping up. Conforming Jumbo amounts remained unchanged. Good news for "iffy" credit and low down … (0 comments)
FHA just recently annouced to increase the loan limits on FHA loans. For some counties in New Hampshire the increase is significant. Unfortunately in the northern counties, the increase was not as mush of an increase as I had hoped for. The table below shows the new increased loan limits for … (0 comments)
From the Desk of Don Draughn, Professional Mortgage Consultant
As part of the government stimulus package the new FHA loan limits will increase from $362,000 to $729,000 for LA and Orange County. What this means to buyers, and those who may be sitting on the fence, is that 2008 is the time to buy. Interest rates remain low, and … (0 comments)
FHA has been revising its loan limits across the country, which is good news for many potential home buyers. The loan limits are different for each county in the United States depending on real estate costs. For the Salem Metro area, which includes Marion and Polk counties, the new revised limit is … (0 comments)
The United States District Court of Columbia issued a decison on Wednesday confirming that Downpayment Assistance foundations such as Ameridream, Genesis, and Nehemiah may continue operations indefinitely.
Below is a letter we received today from Scott Syphax , President & CEO Nehemiah Corporation of America regarding the court battle over the various gift programs that many of us utilize. These programs assist our clients in getting into a home by providing a non-profit gift to the buyer that is funded to the non-profit … (2 comments)
Ann Bourland posted this on our company blog this afternoon.
HUD has raised loan limits for FHA loans here in Houston County to $271,050 on single family homes (CLICK HERE for all the limits). The previous limit was $200,160.
For those of you that hadn't heard, there are still folks in … (0 comments)
A few years ago, FHA loans were about as out of fashion as shoulder pads, big hair and parachute pants. Borrowers were choosing conventional loan options that allowed for 100% financing and reduced income and asset documentation. Savvy home buyers sought to avoid mortgage insurance, especially an up-front mortgage insurance premium, … (2 comments)
Last week, President Bush signed into law a $152 billion economic stimulus bill that includes temporary increases in loan limits for the government sponsored enterprises ie. Freddie Mac, Fannie Mae and FHA until December 31. In order to help sort all of this out Realtor.Org has put up a page explaining … (2 comments)
Great News!FHA has increased their loan limits.To see how it has affected your state and county follow the following link:https://entp.hud.gov/idapp/html/hicostlook.cfm … (1 comments)
As a realtor in San Diego, California I was happy to read that they have increased the conforming loan amount for the area ($697,500). This could help thousands of distressed San Diego Homowners who need to refinance. This could give them a better rate to help them keep their home. The new … (0 comments)
With the new FHA loans, home buyers can now buy more and homeowners can refinance out of unaffordable mortgages into more secure loans. The Federal Housing Administration raised the limits; these limits will only be effective for about a year. Although, there is legislation in the works to make the limits … (1 comments)
This adjustment in the Limits is may open the door to more Oppertunities. The New maximum amount is $346,250 ARE YOU READY?NEW FHA Limits! Maricopa/Pinal counties - $346,250! •· No declining value adjustments (This is HUGE!)· Low down payment and loan to values as high as 97%· Total down payment can … (0 comments)
Well, salvation has arrived! Well...maybe.FHA announced a couple of days ago, and Fannie Mae/Freddie Mac announced today, that the limit on the loan amounts they will purchase has increased. The increase is by region, with a maximum amount of $729,750.This morning Fannie Mae released their new guidelines for the "jumbo conforming" … (0 comments)
Like many we associate fha with low quality buyers. It looks like that has changed and a source of lending with less restrictions than many of us are used to. I am going to spend some time this week looking into getting more educated on these loans. I cut and pasted … (3 comments)
With the disappearance of the sub-prime mortgage, real estate professionals have been forced to find new avenues for financing. Enter...FHA. Or would a more appropriate term be, "Welcome Back"! For those of us who have been in the business for a while or have even had our own FHA mortgage, we … (1 comments)
Corona Beauty! Large 3 Bedroom Home with RV Parking and Stunning ViewsLocation: Corona , CaReduced for fast sale! Move in ready Corona Hills home! Cathedral ceilings and open floor plan. Upgrades include newer appliances, custom paint, ceiling fans, and french doors that lead out to the park like backyard. Stunning views … (0 comments)
The new temporary FHA loan limits effective for March 7, 2008! Charles County, Maryland $ 729,750*St. Mary's County, Maryland $ 400,000* Calvert County, Maryland $ 729,750* Additional benefits of of FHA loans: Fully AssumableAllows Gift FundsAllows Non-Occupant Co-Borrowers*Final details of these new high cost limits are still pending and will be communicated soon! *We … (1 comments)
FINALLY ! Now that the FHA has raised its loan limits ,what does it mean for you.
The FHA limits are now up to $729,000 on a single family....up to $935,000 on a 2 family and over $1,000,000 on a 3 family home in the New York Area.
These increases are … (0 comments)
This week we were excited to hear about 2 means of home buying that willhelp our area and Michigan home buyers. The first of the great news is that FHA loan limits in Macomb County have been increased to $297,000. What does this mean for a home buyer in our … (12 comments)
Great news, FHA has increased their loan limits in Metro Detroit to $297,500 and the down payment assistance program is still available! Another great product offered by FHA is the 203k loan. The 203k allows buyers to borrow the money needed to repair the house they are buying. This is a good option when … (2 comments)
In case you aren't familiar with buying or selling condominiums, there is one difference from single family homes that you need to be aware of.Not all condos can be bought on an FHA loan. In fact, many are not FHA-approved and as a result are considered "non-warranted". The buyer must then … (3 comments)
FHA and Fannie Mae- Freddie Mac conforming loan limits have been released by the U.S. Department of Housing and Urban Development (HUD). HUD has provided a FHA Mortgage Limits page. This page allows you to look up the FHA mortgage limits for your area or several areas, and then list them … (0 comments)
The results of the economic stimulus package is here. FHA has been debating over the last two weeks to determine if and what the new limits will be. Well....after much adieu, FHA today, announced that it has raised new loan limits in Kane County to $410,000. This is huge. However, in … (2 comments)
Attention Californian's! Yes, the stimulus package was approved and became law! Fannie Mae and Freddie Mac can know gaurantee loans up to 125 percent of each area's median, with a minimum o $417,000 and a maximum of $729,950 for most bay area counties except Sonoma and Solano which have lower limits … (0 comments)
FHA raised the loan limits. But is this good for Southern California.For the first time in years first time home buyers have felt hope that houses may be priced low enough that they could afford to buy a house. $417,000 seemed to be a magic number for numerous houses in Anaheim … (3 comments)
LOAN LIMIT INCREASES FOR COLLIN COUNTY & Surrounding Areas announced today!!!!!!!!!!!!
Check out the new FHA loan limits for California that are released by HUD today. 14 California counties loan limits for FHA, Fannie and Freddie jumped, up to $729,750 cap. The majority of these counties are located in San Francisco Bay Area, namely Alameda, Contra Costa, Marin, Monterey, Napa, San Francisco, … (0 comments)
Did the loan officer that gave me these figure get this wrong or did San Antonio really go up to $332K? … (7 comments)
… (0 comments)
It is official. DC finally picked "the number" that will "save the world" here in the pacific northwest however when you thought it would give the lower tiered jumbo loans a pricing break because of it well think again!In the past anything over the conforming $417,000 limit kicked in the higher jumbo … (0 comments)
Assuming that you can find a mortgage broker that can do a FHA loan, today's news should bring some relief. With Marin county getting its conforming loan amount raised from the old $417,000 to $729,500. In the morning meeting I attended, I heard that the rate was 4.75% for full doc … (0 comments)
FHA conforming loan limits have just been raised in Clark County to
$400,000. This includes Las Vegas, North Las Vegas, Summerlin, Henderson,
Mesquite, Overton and Boulder City.
The previous limits were $304,000 in Clark County. With this increase, it
expands the choices available to home buyers in the Las Vegas area. … (4 comments)
As part of the economic assistance package recently introduced, the new loan limits for conforming loans are calculated at 125% of the HUD published median prices. To find out what the new limit is in your area, click here. This link takes you to the HUD web site, where you can … (0 comments)
New FHA Loan Limits as of Wed March 5thAll Counties: https://entp.hud.gov/idapp/html/hicost1.cfm - Search by state, and Limit Type 'FHA Foprward' In ColoradoBoulder - $460,000Weld - $417,500Larimer - $312,500Denver / Adams / Broomfield - $406,250All Counties: https://entp.hud.gov/idapp/html/hicost1.cfmClick here if you would like to learn more About Me or visit My Website.Chris Hirai | Wells … (0 comments)
Today Federal Housing Administration increased the FHA loan limit in More than 70 counties across the U.S. In the state of Maryland: Montgomery, Pricen Georges and Howard county the new FHA loan limit will be $ 729,750.00 You can go to this link: https://entp.hud.gov/idapp/html/hicostlook.cfm and check your county new FHA limit. This will … (1 comments)
The new FHA limits are out for Georgia and it is time to get your customers in Give us a call today and lets get started on getting your customerers locked in today. We are ready to get your customers to the closing table. If you need a limit for a … (8 comments)
Will it Work? The New York Times reports that however much they might oppose it on ideological grounds, the Bush administration and the Federal Reserve are inching closer toward a government rescue of distressed homeowners and mortgage lenders.The Plan:- A push for the two government-sponsored mortgage companies, Fannie Mae and Freddie Mac, … (4 comments)
Pendings are up, in fact doubling", closings are right behind! The Ca. Central Valley is rebounding in a big way when it comes to Real Estate. Now even more "GOOD NEWS". the Feds are helping out too! Check this excerpt from the Mercury News today....
Fannie Mae, Freddie Mac and FHA have all adopted these new maximum loan limitations. If you have limited equity or a jumbo loan, refinance now and save thousands of dollars! If you are purchasing a property over $417,000, this year you can qualify for conforming rates! Click on any below to … (4 comments)
With the mortgage crisis in full swing, a temporary reprieve has finally come from the Federal Housing Administration. As of March 05,2008 the FHA maximum loan limits for Sonoma County have been raised from $362,000 to $662,500. What this means for both current borrowers and future home-buyers is a short term chance to either … (0 comments)
Great news for the buyer! FHA has just increased it's mortgage limits. The breakdown, as of March 5, 2008, for the Lehigh Valley, PA area is as follows: In NORTHAMPTON COUNTY and LEHIGH COUNTY it is: $402,500 for a single family home 515,250 for a 2 family home in Northampton County and $512,250 in Lehigh County 622,850 for a … (6 comments)