2011 San Diego FHA Loan Limits
fhamortgage | 30 January, 2011 12:09
In 2011, FHA home loan limits are unchanged from 2010 in San Diego County for 1-unit properties. In fact, all counties in California remain the same for the year. Loan values that exceed $417,001 to the maximum of $729,750 are considered “jumbo”. Loans $417,000 and under are considered “conforming”. FHA loan limits in certain California [...]
Trackbacks (0)Arizona FHA Refinance Video
fhamortgage | 11 September, 2010 12:45
Arizona FHA Refinance Video
In this fast moving video you’ll learn how homeowners all over Arizona are able to refinance into some CRAZY low interest rates, even if they owe more than their house is worth.
You’ll learn why the FHA Streamline Refinance works so well for people in Arizona..
You’ll learn exactly what it takes to qualify [...]
Tucson / Phoenix / Flagstaff / Kingman, Arizona - (520) 225-0380
Four of the most visible single family housing programs that FHA offers are, Section 203(b), Section 234(c), Section 203(k) and Home Equity Conversion Mortgages (HECM) – Reverse Mortgages.
FHA Loan Type Highlights:
Section 203(b)
* largest of FHA’s single family programs
* 1-4 unit properties are eligible
* flexible credit requirements
* 3.5% down payment allowed
* down payment may be a [...]
Boise, Idaho - 208-859-5825
USDA Loan Guarantees Are Back
Over the last several months, we have continued to fund USDA Loans in Arizona based on our ability to obtain a Conditional Commitment Letter from the local Rural Development Office. However, not all lenders have been willing to continue funding USDA Loans off of a Conditional Commitment Letter [...]
Tucson / Phoenix / Flagstaff / Kingman, Arizona - (520) 225-0380
There will be a Free First Time Home Buying Seminar on September 25, 2010 at the Christiana Hilton Hotel in Newark, DE from 10 AM till Noon and again from 1:00 PM till 3:00 PM. The seminar will cover everything you need to know in order to purchase a home in Delaware, Maryland, or Pennyslvania. The [...]
Delaware - 302-588-3665
Using FHA 203K on a short sale is the perfect way to handle the all of the general upkeep items that might have been neglected when the current homeowner became financially distressed as well as a great way to put your own stamp on the home via wish list repairs (like fresh paint, hardwood floors, updating the bathrooms or kitchen).
Atlanta, Georgia - 404-551-3845
Despite the industry news, bad press and other negative talking points, there are many in the mortgage industry giving back.
Mortgage Revolution is about leaders teaching leaders. Mortgage originators who are in the field ever day helping clients training other originators what is working in today’s market.
Some of the past speakers have been
Ric Edelman
Dave Savage
Tim [...]
Deflation, A Very Dangerous Possibility
fhamortgage | 01 September, 2010 16:09
Wikepedia defines “deflation” as:
In economics, deflation is a decrease in
the general price level of goods and services.[1] Deflation occurs when the
annual inflation rate falls below zero percent (a negative inflation rate),
resulting in an increase in the real value of money – allowing one to buy more
goods with the same amount of money. As inflation reduces the
[...]
Carlsbad, California - 760-536-6200
Would you like your Oregon FHA mortgage payment to be smaller? Would you like to be paying less interest on your Oregon FHA loan? An Oregon FHA Streamline Refinance is the answer.
Eugene, Oregon - 541-342-7576
The FHA streamline without appraisal program is designed to help people with an FHA loan lower their rate and not require that they get an appraisal on the property. More information about the Arizona FHA streamline refinance program is also available for people living in Arizona.
Phoenix, Arizona - 480.580.1400
A new FHA refinance program is targeting non FHA home owners that are upside down on their mortgage equity. There is now more information from FHA about the program and how it will work.
Eugene, Oregon - 541-342-7576
In this post I am talking about eligibility guidelines for a San Francisco
Bay Area FHA Loan after you have gone through Judgment, Collection, Bankruptcy
or Foreclosure.
FHA Loan after Collection and Judgment:
FHA does not
require that collection accounts be paid off as a condition of mortgage
approval. However, court-ordered judgments must be paid off before the mortgage
[...]
San Francisco Bay Area, California - 408.905.6261
HUD recently announced that starting October 4th, FHA is reducing the amount
to be collected for their Up Front Mortgage Insurance Premium (UFMIP). However,
FHA will also increase how much they collect on their Annual Mortgage Insurance
Premium (MIP – collected monthly). How will this be impacting homebuyers in
California’s Inland Empire (Riverside & San Bernardino County)?
Confused?
[...]
Corona/Riverside, California - (951) 215-6119
All loan officers now have to be licensed through the National Mortgage Licensing System (NMLS) and the state they are doing business in unless they work for a national bank. So, if you are working with a loan officer you should find out if they are licensed. The NMLS now has an easy way to [...]
Eugene, Oregon - 541-342-7576
Wednesday the Senate gave the Federal Housing Administration (FHA) the power to adjust its insurance premium structure as soon as the President signs it. Touted as a method to help rebuild FHA’s depleted capital reserves this change could make a huge difference in mortgage payment for FHA buyers in Eugene/Springfield.
The bill has already passed the house. The bill (H.R. [...]
Eugene, Oregon - 541-342-7576
FHA today announced reduction in upfront Mortgage Insurance Premium (UFMIP)
for SF Bay Area First Time Home Buyers and FHA Streamline Refinance on Bay Area
homes.
A change that has been prompted by passage of H.R. 5981 in the
congress, will reduce the upfront mortgage insurance premium to 1% from the
current 2.25%. At the same [...]
San Francisco Bay Area, California - 408.905.6261
10 Advantages of Getting A FHA Mortgage in Virginia
fhamortgage | 16 April, 2010 08:57
Advantages of Getting A FHA Mortgage In Virginia
Only 3.5% down payment which may include closing cost
Down payment and closing costs may be gifted from relative or employer
Higher qualifying ratios
Higher loan to value ratio
Cash out refinance up to 85% LTV
Can have a non-occupant co-borrower ( immediate family or established relationship)
Upfront MIP(mortgage insurance premium) can be financed
No pre-payment [...]