Blog entries tagged with "limits":


limits: How will the New Housing Bill Affect Little 'Ol Me in Minnesota? - 07/30/08 03:57 PM
Upon the President signing the new housing bill, the following changes will take place:
The seller paid Down Payment Assistance programs (DPAs) Nehemiah, Ameridream, and others, will be eliminated.  Any transactions in process must close by October 1st. This date is subject to change.  Most of these programs used a non-profit organization as a … (0 comments)

limits: Omnibus Housing Bill - how it will help get us out of this mortgage mess - 07/25/08 08:19 AM
I am sure many of you are anxiously awaiting the Omnibus Housing Bill that recently passed through the house.   Hopefully it will soon be passed by the Senate, and then signed off by the President.    Here is what I have been hearing about the bill and how it can help get … (1 comments)

limits: Success, Fears, Beliefs: How One Workshop Can Raise Awareness That Your Thoughts Effect Your Outcomes - 07/07/08 06:55 PM
As the Business Director for Inner Architect, Inner Architect Media, and author Susan Hanshaw it is my role to help raise awareness of Susan's new book "Inner Architect: How To Build The Life You Were Designed To Live", her personal development firm Inner Architect, and her upcoming events. In support … (2 comments)

limits: HUD Releases New Loan Limits - 05/06/08 11:28 PM
For a long time, it has seemed that the government is all talk and no action. The members of the House and Senate discuss the teetering real estate market in depth regularly. They theorize about what will make it better and propose bills and plans that should benefit everyone. When all … (0 comments)

limits: We have hit bottom and we are clawing our way back up! - 04/12/08 01:00 PM
Values are down. Interest rates are down. The first statement is tough when trying to sell and great if you want to buy. The second statement is great for everyone! Well, almost everyone. OK, that's it, that's my article, have a nice day!
Values are basically down in Sonoma County except for … (3 comments)

limits: Waiting to be stimulated by higher loan limits! - 04/01/08 11:53 PM
OK, I have  been waiting to be stimulated by the new conforming loan limits and it just isn't happening!
It was signed into law in Mid February and we waited to see when HUD would come out with the new median home values. That happens in Mid March and we get excited for … (3 comments)

limits: Will the new FHA mortgage limits help your market? - 03/18/08 03:24 PM
For a little background, HUD offered temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). Overall, the change in loan limits is designed to help provide economic stability to America's communities and give nearly 240,000 additional homeowners and homebuyers a safer, more affordable mortgage alternative. The maximum amount of $729,750 will only … (3 comments)

limits: Economic Stimulus Plan Increases Loan Limits For Homebuyers! - 03/08/08 12:33 PM
A News Series from Coldwell Banker Real Estate LLC Highlighting Real Estate TipsECONOMIC STIMULUS PLAN INCREASES LOAN LIMITS FOR HOMEBUYERSMore Options Now Available for Consumers Looking to Buy, Sell or Refinance Homes PARSIPPANY, N.J. (March 5, 2008) - President Bush recently signed a new economic stimulus bill into effect.  But many people … (0 comments)

limits: Lifts for all conforming loan limits!! - 03/07/08 12:11 PM
 HOT OFF THE PRESS.  It's official...   FHA, Freddie Mac and Fannie Mae have all temporarily lifted their limits on conforming loans.  The temporary limits are good for all loans originated through the end of 2008.  The increased limits will vary by region and markets.  check with your local mortgage professional for … (0 comments)

limits: New FHA Limits - 03/07/08 10:29 AM
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)

limits: New Jumbo Mortgage Loan Limits have gone up today! - 03/06/08 12:20 PM
I posted about the FHA loan limits going up, but forgot to include the Jumbo loan limits.
You can visit HUD's website or go directly to https://entp.hud.gov/idapp/html/hicostlook.cfm
Place your state, and all the counties will show up. 
Go to Limit Type and scroll down from 'FHA Forward' to 'Fannie/Freddie'.
North Carolina FHA loan limits had a … (0 comments)

limits: Temporary Loan Limit Increase for FHA - 03/06/08 12:10 PM
THIS IS VERY GOOD NEWS, MOVE NOW AS THIS IS TEMPORARY!This Mortgagee Letter provides information on Federal Housing Administration single family mortgage limits as a result of enactment of the Economic Stimulus Act of 2008 ("the Act").  These limits are effective for mortgages endorsed for insurance on or after the date … (0 comments)

limits: New FHA Mortgage Loan Limits went up this morning! - 03/06/08 12:10 PM
FHA Loan limits have gone up today for most of the United States.
The bottom limit is now $271,050, and some areas have gone up to $729,750.
Make sure to check current FHA mortgage rates to see if this may lower your current mortgage rate.
FHA Home loans have been around a long time, … (0 comments)

limits: Implementation Of The Two Mortgage Provisions In The FHA and GSE Limits - 02/29/08 09:49 PM
 
Date: February 14, 2008
RE: Implementation of the Two Mortgage Provisions in the Stimulus Bill
On February 13, 2008, the President signed the stimulus bill, H.R. 5140. This is the first in a series of memorandums discussing the implementation of the two mortgage related provisions included in the signed measure. The bill … (0 comments)

limits: New FHA Mortgage Limits - 02/18/08 10:22 PM
The new FHA mortgage limits was raised by the final signature needed by President Bush.
The Economic Stimulus Act was signed on February 13th which included higher loan limits for FHA.
$271,050 is the new FHA floor limit, based on 65% of Freddie Mac current loan limits. 
The previous floor was $200,160 based on … (1 comments)

limits: President Bush Signs Stimulus Bill to Increase Mortgage Limits- 2/12/08 - 02/13/08 12:38 AM
 
The Mortgage Meltdown- spells savings for many.  We have all seen it on the news and read about it in just about any newspaper you pick up.  It is "The Mortgage Meltdown" and unless you have been living under a rock you know it is ever present in today's financial world.
By … (4 comments)

limits: Are you living a life without limits? - 12/14/07 10:55 AM
Can you define a life without limits?  Can you define a life without limits?  What are the limits in your life?  Can those limits be overcome? … (2 comments)

limits: "Since when is NEW JERSEY a part of MANHATTAN!?" Adding communities to Localism - 06/01/07 12:08 PM
I have seen it time and time again. I will have visited a particular city on Localism.com and find that SOMEONE has added a "community" to that city that is located well outside of its limits.  For example, lets go to Manhattan,  located in New York County in the state of … (11 comments)

limits: Delaware Bond Money - 05/18/07 01:08 PM
Summer time is coming fast and many people are looking for their first home.  Right now thier is delaware bond money availbable to help first time home buyers with thier purchase.
The following are samples of rate available with the bond money.
5.79 % without assistance & 6.24 %(30yr) rate w/3% assistance
5.94%(40yr) without … (0 comments)

limits: Five Useful Links for Mortgage Broker - 12/15/06 12:58 PM
1.  Marketing Towards FSBOsThis is a flyer that I use when I try to market and help out FSBO's.  2.  FHA LIMITSKnowing whether or not your realtor's buyer's new home purchase falls within this limit will save you a lot of unnecessary headaches!3.  HUD Booklet Everything your borrower needs to know about … (1 comments)

limits: 2007 Conforming Loan Limits-Important Update! - 11/28/06 10:30 AM
Hello Everyone,I thought that Real Estate Agents,Lenders and consumers would like to know that the OFHEO (Office of Federal Housing Enterprise Oversight) had a News Release on November 28th 2006, which confirmed that the 2007 Conforming Loan Limit for one unit properties would remain at $417,000 for most of the United States. So, what does … (3 comments)

 
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