For those who are not up on FHA it is a good time to look at this type loan. There is no reason not to unless you are always above the FHA loan limit.
In 2004 FHA was a last resort for many. In 2008 it should be the first loan type considered. This is even more true if your credit score is below 700.
HUD just issued new guidelines regarding non traditional credit that you can learn about here: http://www.hud.gov/offices/adm/hudcl...ee/08-11ml.doc
I usually read HUD mortgagee letters: which you can find here:
http://www.hud.gov/offices/adm/hudcl...ers/mortgagee/
If you work with anyone wanting to do limited rehab look at mortgagee letter 2005-50.
I usually read HUD mortgagee letters: which you can find here:
http://www.hud.gov/offices/adm/hudcl...ers/mortgagee/
If you work with anyone wanting to do limited rehab look at mortgagee letter 2005-50.
Paul Howard
Cherry Hill NJ
NJHomeBuyer.com Realty
Cherry Hill NJ 856-488-8444
If you are in the market for a home in the Cherry Hill, NJ area, make sure you hire an agent who will work for you on your side of the transaction. Paul Howard is the only Exclusive Buyer Agent having an office in South Jersey. Paul, owner of NJHomeBuyer.com Realty in Cherry Hill, is a member of the highly selective National Association of Exclusive Buyer Agents, representing buyers ONLY, 100% of the time.
If you are thinking about buying a home in the Cherry Hill, New Jersey area in the near future, call Paul at (856) 488-8444 or send an email for free information.
NAEBA puts the E in EBA.
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