Steven Fishman's Blog

Mortgage and Lending - NMLS# 9362 LO.012547.001



Now most 100% loan prgrams are gone.Still available VA Loans 100% LTVUSDA Rural Development 100% LTV ( where allowed)FHA 97% LTV with DPA or Gift of fundsConventional Loans Some products will allow 97% LTV with reduced PMI and gift if funds or even DPA.If you are involved in any type of family tr...
I signed up with Zillow for the PILOT lender program which requires a $25.00 fee. Paid the fee on 3/8/2008. On 3/13/2008 I received the following email: Dear User, This is to confirm that we received your application for our Lender Sign-up.  However, we would need additional informatio...
Be aware NOT all condominiums , townhouse and PUD complexes are FHA/VA approved for financing. When you have a pre approved buyer with either FHA or VA financing be sure to check the facility  they are shopping is approved.                                                                        Ap...
As always I inform all my pre-approved  FHA/VA buyers when looking for condo's to call me before making contract to verify the complex is approved. The buyer called me with the condo information just to be reasured it was on HUD's approved list.Now with the new FHA limits more Condo facilties wil...
You bet your license it is!!Occupancy fraud occurs when a borrower -- or an individual acting on the borrower's behalf -- misrepresents whether they plan to live at the property. This could be a second home buyer trying to obtain a lower owner-occupied mortgage rate, an investor trying to avoid h...

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