fha loan: My New Announcement - May 2015 - 05/11/15 03:54 AM
I am pleased to announce that I have joined CrossCountry Mortgage this month. 
Whether you  or your clients are looking to purchase their first home, buy a luxury hone or are looking to invest in real estate as a part of their portfolio, I can help with all of these transactions.   We offer a broad portfolio of mortgage products that allow us to match the client's need.  Some of the specialty products we offer include:
*Bank Statement for self employed borrowers
*Construction to perm for clients interested in building a new home
*No-doc investment loans
In addition we offer all of the traditional mortgage products such as:
*Conventional … (5 comments)

fha loan: Changes as of October 1, 2011 - 09/30/11 01:57 AM
October 1, 2011 will mark the start of more new changes in the mortgage industry.  In my opinion the two biggest changes are the new maximum loan amounts for FHA financing and the implementation of a monthly funding fee on the USDA loans.
Let's discuss each on individually.  The FHA maximum loan amounts are established based on the median
Here is the information that was posted on the HUD website.
These new limits represent about a $25,000 reduction from the previous limits.
For more information check out www.hud.gov.
The second major change will be with the USDA loan.  The financed … (3 comments)

fha loan: Applying for a mortgage with a bankruptcy or foreclosure - 08/30/11 08:11 AM
The last few years have been difficult and many have had to face very difficult financial decisions.  Once you realize that money is going out faster than it is coming in, you know you are in trouble.   Many individuals have been left with a decision of either filing a bankruptcy or letting their home go into foreclosure.  These are life changing events and not for the better, at least initially.

Just because there was difficulty in the past, it doesn't mean these individuals will never be able to purchase again.  It just means that they will have to take time … (4 comments)

fha loan: FHA loan limits to change - 08/28/11 12:30 PM
Yes, FHA loan limits are scheduled to change on October 1, 2011.  The maximum FHA loan limits are calculated using the median home price by county.  The current maximum loan amounts are scheduled to expire on September 30, 2011.  Many counties throughout the country will experience a reduction in the loan amounts.
For example, Cobb County Georgia the following graphic was taken from the HUD website and show the current and new maximum loan amount for single family, duplex, tri-plex and quad structures.
The $25,400 reduction will most likely impact the move up buyers hoping to take advantage … (0 comments)