down payment assistance programs: Join Jeff Belonger - Live Radio Show -- 03-05-2009 @ Noon EST - All ABout Mortgages & Real Estate - 03/04/09 10:39 AM
 

 
All About Mortgages & Real Estate -  Please join me live, Jeff Belonger, on my radio show tomorrow.
Topics of Discussion :
Thoughts & Opinions about the 2009 Stimulus Package & the latest episode about AIG. A brief overlay in regards to the changes in credit scores for FHA loans and what is still available. Guest Speaker - Scott Syphax - Updates on the seller-funded down payment assistance programs. Ideas of what you can do to help and thoughts & opinions on the current market and the housing crisis.  

 
 
 
 
 
 
 
(19 comments)

down payment assistance programs: Should we run our COUNTRY like a business or like a soup kitchen? - Food for thought.... - 02/09/09 06:45 AM
 
Disclosure : Let's keep politics & political views/parties out of the comments. This post is my opinion and the figures used below are solely for example and not fact.
 

As many of us know, the 2009 Stimulus packageis about to be approved. Let's clear the air on this issue though. The new bill has not been approved as of yet, only that there is tentative agreement in the Senate. I am reading too many blogs stating that this stimulus package has been approved. It still needs the Senate's final vote for approval, likely reconciliation with the House Bill, and … (88 comments)

down payment assistance programs: Nehemiah & seller-funded down payment assistance program meeting live on 1/23/09 @ noon - 01/20/09 04:50 PM
 

 
 
Nehemiah Corporation is putting together a town hall meeting in regards to the seller-funded down payment assistance (DPA's) reform act of 2009 that introduces bill H.R. 600. This bill is last years version of H.R. 6694 and is being backed by Senator AL Green (D - TX).
 
If many have been following the news and my blogs since August 2008, you will understand that there has been very strong support for this bill. Right before the deadline last year, many members of congress came to an agreement and asked for certain things to be implemented. Such … (14 comments)

down payment assistance programs: Round 2 - Seller-Financed Downpayment Assistance Programs - Nehemiah & AmeriDream alive? - 01/16/09 03:48 PM
 
Before you get started, please click on : All out of Love - by : Air Supply  -  This is how so many others and myself have felt without the seller-financed downpayment assistance programs (DPA's).  Such programs sponsored by Nehemiah and AmeriDream....
 
As many of us know, there are tens of thousands of homes available and vacant due to the foreclosure crisis. As of October 1, 2008, the seller-financed downpayment programs were eliminated with no real answer if they would ever return. I have been in touch with a few people over at Nehemiah from time to time. Well, … (24 comments)

down payment assistance programs: FHA loan changes in the near future..... Part 1 of 3 - Down Payment Assistance Programs - 09/27/08 04:21 AM
 

Are you ready for some more changes in the mortgage industry? Many of us know that there has been a lot of change, both with FHA loans and conventional loans. And the changes that I am about to mention have already been out there for about a month now, but this is more of a refresher post of information. These are changes that will start to take place next week and up until January 1st, 2009.
Is change good?  Yes and no.....  The first major change as of right now is that down payment assistance programs will be discontinued … (20 comments)

down payment assistance programs: Nehemiah - Countrywide & Wells Fargo.... what do they have in common? - 08/26/08 09:23 AM
What a topic of discussion in the past 30 days.......  The DOWN PAYMENT ASSISTANCE PROGRAMS !!!!!!
For many of you, you have until September 30th to have a lender actually underwrite your loan and sign off on the MCAW. For those that don't understand, stop listening to the rumors that the Down payment assistance programs, such as Nehehmiah, Ameri Dream, & a few others, are done after August 29th.  That date has been mentioned because Countrywide and Wells Fargo have told their loan officers that they can't accept any loans after August 29th. That is a whole month prior to the … (21 comments)

down payment assistance programs: FHA loans & FHA mortgages -- The basic concept of mortgages - 08/23/08 06:49 AM

If you are buying a home or refinancing, please read this before choosing a loan officer/mortgage lender. 
 
FHA loans and FHA mortgages - Well, it's the same thing when it comes to any type of mortgage, may it be FHA loans, conventional loans, VA loans, etc etc. You just can't push a button, thinking that even if the outcome says yes, approved/eligible, that it's a done deal.
As many of you know, I write a lot of blogs on FHA loans. I am not here to pass judgment on which loan is the best. But I do want to give you … (21 comments)

down payment assistance programs: Down Payment Assistance Programs - Nehemiah, AmeriDream & others.. is there still hope? - 08/13/08 04:26 PM
 
Down Payment Assistance Programs - To include Nehemiah programs, AmeriDream programs, and many others, have been labeled to be finished as of October 1, 2008 by Congress. In this post, I wrote about the reasons and perceptions to why HUD and the government feel that they need to ban these types of programs.  Please read : Nehemiah & Down Payment Assistance programs done? Is this true? - Urgent Urgent - 
What has happened since Congress voted to ban these down payment assistance programs, 4 individuals in Congress have turned around and enacted a new bill, H.R. 6694, which would allow the … (13 comments)

down payment assistance programs: FHA Loans & FHA Mortgages -- Legislation Update -- August of 2008 - 08/08/08 06:48 PM
As many of you are aware, the mortgage industry has been going through some major changes in the last 6 months. Well, get ready for some more changes. In my honest opinion, many of the changes are for the worst. Sorry, but it's reality and we need to pay attention more than ever.
I am going to list the important changes next. I will list from the most important to least, but based on my opinion.
 
1.  Seller funded downpayment assistance programs - Know as DPA's or Downpayment assistance programs. Seller's can't participate as of October 1st, 2008, unless the … (29 comments)

down payment assistance programs: Buckle Up !!!! -- You think it's bad out there now? - 08/07/08 04:49 AM
I will be the first one to say that I hate negative news and the media that just misleads you with negative news from one point of view. But what about the reality of it?
Quick preview of the last years misfortunes.....
-- Many unstable markets & sellers panicking
-- Many mortgage programs dropped, especially most stated loan programs
-- Home values declined at one point, but more stable now, but still lower
 
 

Now, with more news about FHA loans, a possible 1/2% raise in monies needed for FHA loans from the borrower, and the possibility of the … (59 comments)

down payment assistance programs: Realtors & Sellers : Live near colleges or universities? - How to be creative in buying & selling real estate!!! - 07/20/08 09:08 AM

In today's real estate market, you need to not only know what you are doing, but be able to be very creative and to think outside the box. So, as a seller or a realtor, how do you market a home?  How about a home that is in a college town? Yesterday, I wrote this post, "Kiddie Condo" FHA loans aka Non-Occupant Co-Borrower Loans - What are they?
Because of the mortgage meltdown that started taking place about 2 years ago, there aren't as many mortgage programs available. The media hasn't helped as much, with spreading negative news also. But … (11 comments)

down payment assistance programs: Nehemiah & Down Payment Assistance programs done? Is this true? - Urgent Urgent - - 07/17/08 05:53 AM
 
 

Do you think the mortgage and real industry as a whole has been bad in the last 2 years?  What about the last 6 months? Yes, people are still buying and I am busier this year than last year. Part of the reason is because some lenders are dropping the ball at the end and I am picking up the pieces.  But this post is not about that. If you were shaking before, wait until a few months from now.
Down Payment Assistance Programs are now dead in the water....but maybe not. Read more....
The Senate’s decision to … (19 comments)

down payment assistance programs: FHA Money Down Assitance Programs vs 100% financing.... What's the difference? - 05/18/07 05:38 AM

 
Which side of the fence are you on? I ask this because I just wrote a blog on HUD getting rid of the down payment assistance programs. 
Some of the arguments being made is that everyone would be better off with the 100% financing programs, even through HUD/FHA's 100% program. That the DPA's (down payment assistance) programs should be banned. 
First off, FHA doesn't have a 100% financing program as of yet, which was mentioned in the previous blog. It still needs to be voted in by the 110th Congress. 
 
Second,  FHA does have some things approved, but it's up to Congress to decide.  … (15 comments)

 
Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages  - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc)

Jeff Belonger

The FHA Expert - FHA Loans - FHA mortgages - USDA...

Cherry Hill, NJ

More about me…

Social Media - Infinity Home Mortgage Company, Inc

Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

Mobile: (609) 440-5133

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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