fha: USDA Home Loan Guideline Updates 2018
- 07/31/18 08:24 AM
The USDA Home Loan program is one of the most utilized loans available – for those who qualify. The qualification process for these loans, however, has gotten a little harder in 2018, and they’ve issued some subtle, but important USDA Home Loan Guideline Updates.
General USDA Home Loan Guideline USDA Home Loans are not made by the USDA, but they do insure the bank against a loss if you stop making your payments. Because the US Government is making this guarantee, the program offers some of the best mortgage rates available. The PMI cost on these loans is also very low. There’s NO DOWN PAYMENT REQUIRED. We … (0 comments)
fha: New Homeowner Bailout Plan
- 11/12/08 01:52 AM
This is great information about the new Agency created by the Housing Bill of August, 2008 - and what how they are going about the job of accomplishing their mission!
So we've all heard the news: The Federal Housing Finance Agency has announced an initiative to throw a few sandbags up against the flood of foreclosures affecting our nation. Bryant Ruiz Switzky reports that: "The program targets borrowers who have missed three or more payments, own and occupy the property as a their primary residence, and has not filed for bankruptcy. The program will modify the borrowers loan so that … (9 comments)
fha: What is a 203K Loan?
- 11/12/08 01:44 AM
If you're like my friends, you're trying to figure out how to get your little piece of somebody's bailout! With the economy in such bad shape - and the number of foreclosure notices in today's N&O filling 5 full pages - there are a ton of people who are out there trying to "find a deal." If you're in that boat, and you are purchasing property to LIVE IN, then the 203K loan might be a good property for you! The 203K is a FHA program that allows you to borrow between 5k and 35K, in addition to the home, fix it … (12 comments)
fha: New FHA Loan Limits in Johnston County
- 11/10/08 04:08 AM
Well - if you were getting use to the $295,000 loan limits for FHA in Johnston County, you can kiss them GOODBYE! According to the latest HUD Mortgagee Letters, FHA limits in Johnston County will go to $271,050. This change is based on the average sales price, which has gone down slightly. This is IMPORTANT for homebuyers to know, and we need to get the word out as QUICKLY as possible! Loans that close PRIOR to January 1, 2008 will be able to close at the $295,000 limit, and they will only need 3% down payment (investment). After January 1, not only … (0 comments)
Johnston County biased blog dedicated to providing information about FHA, VA mortgages, USDA home loan and conventional mortgage loan information for Smithfield, Clayton, Benson, Wilson Mills, Dunn, and other parts of Johnston County. Highly experienced mortgage loan officers with best rates in the area!
The USDA Home Loan program is one of the most utilized loans available – for those who qualify. The qualification process for these loans, however, has gotten a little harder in 2018, and they’ve issued some subtle, but important USDA Home Loan Guideline Updates.
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