Cash is king. I see many good investment opportunities that I cannot finance because more cash is required. If you have the cash and are looking for opportunities, let me know - maybe I can match you up. /// Reminder: FHA seller concessions are due to go to 3%. See below... /// Post tax credit volume remains to be good and industry reports seem to back it up :)... /// Make it a good week folks! - Paul
FHA seller concession from 6% to 3% soon?
In January, the Department of Housing and Urban Development (HUD) announced the first major changes to FHA financing for the year changing the maximum seller concessions from 6% to 3% early summer 2010.The effective date has not been announced yet, but summer is around the corner!
USDA is out of funds
The bill for increased allocation of funds is stalled in the U.S. Senate. Once the senate passes a bill, it will need to go to the reconciliation committee since the House bill differs from proposed senate bill. It is anticipated that it will be another 6 to 8 weeks until allocation is announced. Until then, no USDA loans...
The bill for increased allocation of funds is stalled in the U.S. Senate. Once the senate passes a bill, it will need to go to the reconciliation committee since the House bill differs from proposed senate bill. It is anticipated that it will be another 6 to 8 weeks until allocation is announced. Until then, no USDA loans...
Housing prices could rise by 12.4% by 2014
A survey of more than 100 analysts found a wide range of pricing predictions. One expects an increase of 37% over the next 4 years, while pessimists expect a decline of 18% during that time.
Did you know that... maybe you can rent out your current home and use the rental income to qualify for an FHA loan for the purchase of a new loan? If your current home is FHA financed you must be affected by a relocation. More tips and details for this one (One tip added weekly).
Home builder expectations continue to improve after tax credit expiration
The National Association of Home Builders today released their monthly Housing Market Index. Derived from a monthly survey that NAHB has been conducting for more than 20 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months. Read more
The National Association of Home Builders today released their monthly Housing Market Index. Derived from a monthly survey that NAHB has been conducting for more than 20 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months. Read more
Available
- Excellent service, everything done right - always :)
- Direct lender for FHA, Fannie, Freddy, VA, USDA, and other loans
- Excellent service, everything done right - always :)
- Direct lender for FHA, Fannie, Freddy, VA, USDA, and other loans
- Jumbo loans to $10MM
- Same day approvals
- Same day approvals
- 30-day closes (45-days for FHA)
- Condo (Fannie/FHA) certifications
- Sub 620 Fico loans
- 50-70% LTV stated income loans (600-700 Fico needed)
- 95% LTV Fannie Mae condo loans (exception basis)
- Loans for non-residents
- Rehab and construction loans
- Non-warrantable property loans
- Reverse mortgages
- Commercial loans
- Condo (Fannie/FHA) certifications
- Sub 620 Fico loans
- 50-70% LTV stated income loans (600-700 Fico needed)
- 95% LTV Fannie Mae condo loans (exception basis)
- Loans for non-residents
- Rehab and construction loans
- Non-warrantable property loans
- Reverse mortgages
- Commercial loans
Call me: 800-405-0676 (direct), or email.
________________________________________
"Success is not final, failure is not fatal:
it is the courage to continue that counts"
Winston Churchill (1874-1965)
it is the courage to continue that counts"
Winston Churchill (1874-1965)
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