Sell More Homes with Government Loans--Why FHA is a great Alternative in today's Market: Upcoming Clock-Hour Class (3 Hrs.) for Puget Sound Realtors

By
Mortgage and Lending

Why are FHA Loans back in business after so many years of being on the back burner?

Bottom Line:  It's one of the most flexible mortgage loan programs still standing amongst the smoke of the Mortgage/Banking/Financial Meltdown.

Besides 3 hours of state approved continuing education, from this Clock-Hour Class you will glean the following nuggets:

  •  Life after Down Payment Assistance:  Is it 3% or 3.5% minimum down payment? Is there down payment assistance still available?

 

  • 22 Ways that Buyers can get their funds to close on a FHA loan

 

  • Seller contributions to closing costs:  3% or 6% maximum?

 

  • Is there truly no minimum FICO score required? What if a buyer has little or no credit?

 

  • Bankruptcy:  How long must a buyer wait?

 

  • Foreclosure:  How long must a buyer wait?

 

  • Can someone co-sign on a FHA loan?

 

  • Are FHA loans assumable? Does that still exist?

 

  • Manufactured Homes:  Are they still doing loans for these properties? What about single-wides?

 

  • Large parcel properties:  Is it possible in this market?

 

  • What is the maximum FHA loan amount for our area?

 

Now that the $7500 Tax Credit is available for first time home buyers who purchase a home between April 9, 2008 to July 1, 2009, don't miss out on the opportunity to help your clients achieve the American Dream of Homeownership.

Despite the financial crisis, qualified buyers are still out there, but we must know which loan programs will help them achieve this goal. FHA loans are perfect for the people who do qualify to buy in this market.

Here are the times and locations for October:

Bellevue, WA:

Date:  Wendesday, October 8, 2008

Time:  9:30 am - 12:30 pm

Location:  Azteca Restaurant--150 112th Ave NE, Bellevue, WA 98004 (Click for Map)

Cost:  $25.00 (includes clock-hours and lunch)

 

Burien, WA:

 Date:  Wednesday, October 22, 2008

 Time:  9:30 am - 12:30 pm

 Location:  Round Table Pizza--15730 1st Ave S., Burien, WA  98148 (Click for Map)               

 Cost:  $25.00 (includes clock-hours and lunch)

 

 

 

 

 

Comments (2)

Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

Those who think outside the box(i hate that term) will be closing all of the loans!!!

Oct 10, 2008 05:53 AM
Sharon Harris
Keller Williams Keystone Realty - Hanover, PA
Realtor

I have booked marked this to read all the great info later.Really wish I could join you in your clock hour class. i am just too far away.

Oct 13, 2008 06:31 AM