fha: Spring 2010 FHA Guidelines Make Borrowing Tougher and More Expensive - 01/21/10 01:43 AM
<!-- This material is non-exclusively licensed to Larry Penilla and may not be copied, reproduced, or sold in any form whatsoever.--> Securing an FHA mortgage in Northwest Indiana is about to get more expensive.
In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group's portfolio risk while strengthening its overall financials.
For consumers, the changes mean higher costs.
As listed in the official announcement, there are 3 major guideline updates for the FHA:
Upfront mortgage insurance premiums are increasing to 2.25% from 1.75% Minimum … (0 comments)

fha: "You Must Be Willing to Participate in Your Own Rescue!!!" - 02/09/09 01:14 PM
"You Must Be Willing to Participate in Your Own Rescue!" I don't know where I heard this. But it resonated with me. You know...I got it instantly! I've repeated this many times since. Some get it. Some don't. And some resent it -- usually, those are the same individuals that are part of the problem. If you're just standing around waiting for your own financial rescue to fall from the sky and hit you in the head...I'm sorry you just don't deserve to be rescued! At least move to the line for free bread and cheese. I can't say I'm unhappy … (1 comments)

fha: The Latest News on the Pending Housing Bill...Stay Tuned - 07/25/08 05:09 AM
FYI:  Last night the House and Senate reached agreement on a massive housing bill that affects FHA,
Fannie and Freddie, tax policy and many changes involving the housing market. The housing and mortgage crisis has caused Congress to combine these provisions into a bill exceeding 400 pages. The House will vote on the measure tomorrow, with the Senate to follow by next week. The White House has supported much of the measure but has criticized some components. Despite a prior veto threat, we expect the President will sign this bill, with final action before the August congressional recess.
Here are the … (4 comments)

fha: The Best Damn First Time Home Buyer Program in Indiana!!! - 03/17/08 03:02 PM

Dyer, IN - That's correct! If you have never owned a home and thought you needed a large down payment then think again! Not only may you be eligible for a Now 5.125%!!! interest rate, but you may not even have to have a down payment! Imagine, owning your very own home. This is the American dream and now it's available to more people than ever before!  
Just see what others just like you have said:   "My husband and I were looking to buy our first home and needed help with the process. They explained every step along the way and were ready to … (2 comments)

fha: New FHA Mortgage Limits For Most of Northwest Indiana!!! - 03/07/08 09:15 AM
New FHA Mortgage Limits For Most of Northwest Indiana!!!
With as little as Zero down (with approved down payment assistance programs e.g. Ameridream, Nehemiah, CHAPA, etc.) the new FHA Limits will allow you to sell more homes that have typically been out of reach for some first time homebuyers and some move-up buyers. Please, call (219) 865-0505 x305 or (800) 278-6819 x305 for more information.

Larry Penilla 219-865-0505 x305
Larry@LarryPenilla.com 800-278-6819


fha: FHA, VA, & 97% Conventional Home Loans in Northwest Indiana Now @ 5.125%! - 02/19/08 03:34 AM

FHA, VA, & 97% Conventional Home Loans in Northwest Indiana Still @ 5.125%! The best in government backed mortgages provided for you by a local loan officer with 21 years and thousands of Real Estate transactions experience Northwest Indiana. Don't be duped into a Sub Prime loan or novice loan officer. Call a pro to save time and money.
This is strictly a First Time Home Buyer program for Northwest Indiana homebuyers. Some unscrupulous lenders use this program strictly to bait and switch homebuyers into more profitable loan programs. Most lenders do not participate in this program because it's extra work … (1 comments)

A&M Mortgage Group:  Larry Penilla, Northwest Indiana Mortgages - Home Loans (A&M Mortgage Group)

A&M Mortgage Group: Larry Penilla

Northwest Indiana Mortgages - Home Loans

Merrillville, IN

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