Jeff - This is great information.  You have distilled it very nicely.  Thanks for the "cheat sheet".  I hope you are having a great weekend!

VA and FHA are very solid loans "nowadays" and of course...you always have good info for the FHA ... I need to go check out some of the other links I haven't gotten to. :)

That last bullet point I had not heard of before.  I haven't had a situation to use it, but have filed it in the memory banks for future use.

Hi Jeff,
You always teach me things I did not know.  Am making a copy of this for future reference.
Shame on you for not educating your Dad better, earlier.

What a great primer!  I hope you posted this to the real estate rookie group, so newer agents can benefit from your wisdom and experience! This is a post for bookmarking and future reference, Jeff.

Jeff - FHA loans are a great route. Didn't they recently raise the limit on what qualifies?

Jeff,

This is a great info for everyone about the FHA mortgages.  I do want to add that some are under the impression that the FHA has strict inspections on the homes.  Quite the contrary.  They have eased up on some of the requirements.  Well worth checking into an FHA mortgage.

Jeff, I learn more and more every time I read. Thanks as always for sharing some good information.

Jeff, once again some really great informaiton for both the REALTOR adn the borrower.

Now Have a Blessed Day,

John Occhi, Hemet REALTOR®
Mission Grove Realty

JASON....  thank you very much. Glad that it's easy to read and to understand. And thanks for compliment.

SALLY....  Solid nowadays and even in past years. I hope you can find some of the links useful and thanks for the kind words.

RANDY....   this is especially important. It can be done when it comes to conventional financing, but it's a lot easier when doing this FHA. If you ever come across, let me know.

CYNTHIA.....   I am glad that you can get something from all of this and I hope it comes in handy someday. In regards to my dad, he is extremely smart and intelligent.  But he is also the average consumer when it comes to stuff like this. If it wasn't for our discussion and him asking questions, I would have never written this post.

MARGARET....  thanks...  And no, I didn't place this in the real estate rookie group. What stinks is that we can only choose 5 groups. Maybe I will duplicate this and place it in that group and a few others.  thanks for the support.

TOM P.....   yes, it is a great product for so many, as long as they are led down the right path. In regards to raising the limit on what qualifies....  do you mean the loan limits?  If so, they approved the bill, but haven't come up with the true figures in regards to what they will raise the loan amounts to.

BRIGITA.... thanks for mentioning that about the appraisals. I forgot to mention that and I will add that soon. Thanks.

CAROLE..... well, thank you. Thanks for the kind comments.

JOHN.... thank you very much. Enjoy your day.

Jeff You are definitely the FHA guru.  What's the cances of the loan limits getting raised sometime soon?

Jeff,

Another excellent presentation, organized content structure with plenty of subject depth. You have developed a commanding presence within the active rain network. Your standing is well deserved.

The organizational elements you consistently employ within the body of your posts creates the "plumbing" necessary to effectively deliver endless access to the subject material you embed within each post.  Very clever.

I am new to active rain but so far your blogging skills, organizational consistency and massive archive of subject content is the standard of excellence that all active rain members should aspire to to develop.

And you know a thing or two about mortgages as well.  

Matthew

Really informative post, I bookmarked it so I can get to it all.  Thanks!

Thanks for these post - I have this one bookmarked.

MARLENE.... well, hopefully it still will happen in January. I am going to talk to my contact tomorrow and I will update you all. The Bill was passed, but they were still deciding on the limits. But who knows since it's Congress handling this.

MATTHEW..... wow....  thank you for that awesome and kind compliment. I don't know what else to say except that I hope to read some of your blogs..... and that you continue to read some of mine.

KRISTA..... my pleasure and thanks for stopping by.

REBECCA......  and thank you....  I guess I will be talking to you tomorrow.. well, later this morning.  ;o)

Great Post as usual. Thanks Jeff.

Jeff, I am so glad I found you!  I have been originating for nearly 10 years and let me tell you, in this last year, I have had to dust off the old FHA notebooks and dive back in aggressively!  Up until now, my world has been a mix of 80/10/10's, 80/15/5's and 80/20's...not to mention good ole My Community.  The last 6 months have been nearly all FHA and MN bond programs.  What an eye opener and a challenge to recall all my FHA training and experience from years before!

I look forward to surfing through your blogs and learn, learn, learn!

Great post on FHA. Thanks.

CHAD..... thank you very much for the kind words.

SHERRI..... well, thank you very much for those polite compliments. I hope I can help some. We will even see a lot more FHA now because of the Fannie and Freddie hits and because of the new FHA loan amounts / lesser down payment loans in January.

WAYNE....  thank you very much.

Jeff,

This is a great resource!  You're an Active Rain Educator!  Thanks for the post!

Mike in Tucson

Great information! It's mind boggling to think that people are not even aware that they can refinance and receive some assistance. Thanks for the post! Im a subscriber!