Recent Posts Tagged With 'fha'

• Turn An REO Fixer Into Your Palace

  Posted on Tuesday June 30th, 2009 at 16:55 in foreclosure, fha

  DID YOU KNOW . . . .THAT the foreclosure/bank-owned property (REOs) market is shrinking? There are several reasons for this, but basically, it may be the buyer's opportunity to get a very good deal on the right property under conditions acceptable to...

• The Cost of Waiting to Buy Revisited

  Posted on Monday June 8th, 2009 at 18:31 in Interest rates, fha, first-time buyer programs

  Six months ago (they've passed quickly), I covered this topic via an article by Pat Zaby complete with payment scenario.Last week's upset in the Treasury bond market , a more complex subject, ultimately sent mortgage interest rates up, with higher p...

• $8,000 Tax Credit is Once Again a Help With Costs for 1st Time Buyers

  Posted on Tuesday June 2nd, 2009 at 11:04 in tax advantages, fha, first-time buyer programs

  There has been much confusion in the past several weeks about using the credit for a down payment, as HUD announced a tax credit but then rescinded the offer. Now, the latest information from HUD (May 29th) is now that the $8000 tax credit for FHA b...

• First Time Buyers: $8,000 Credit May be Used as an FHA Loan Down Payment

  Posted on Wednesday May 13th, 2009 at 18:32 in tax advantages, fha, first-time buyer programs

  First-time homebuyers: Get the fast road to your $8,000 tax credit. Shaun Donovan, secretary of Housing and Urban Development (HUD) announced on May 12 that Federal Housing Administration (FHA) will allow its FHA lenders to allow homeowners to use th...

• Lowest Interest Rates in 50+ Years

  Posted on Wednesday December 17th, 2008 at 10:49 in Interest rates, fha, conventional loans

  The e-mails from the lenders are pouring in to my inbox this morning. As of this morning, the 30 year fixed Fannie Mae Rate (conventional loans) is now 4.375%, and the FHA 30 year fixed is 4.750%!!! Even Jumbo 30 year fixed rates to $3 million are ...

• Key Provisions in New Housing Bill

  Posted on Wednesday July 30th, 2008 at 09:50 in fha, loan reform, conventional loans

  Trying to follow this new law? Like the thread under this little reader, it will take time to unwind and fully realize the impact on buyers, lenders and current homeowners.The Republicans most in favor of this new law were those whose districts are m...

• Money in the Wind--No More Seller-Assisted Down Payment Programs

  Posted on Thursday July 24th, 2008 at 18:28 in fha, down payment assistance

  The House of Representatives has voted, with the Senate soon to follow, giving $300 billion in assistance to FNMA and Freddie Mac. The legislation passed yesterday by the House would authorize Paulson to bail out Fannie and Freddie while placing few...

• California FHA Loan Limits Now Up to $729,750!

  Posted on Thursday March 6th, 2008 at 09:36 in fha, loan guidelines

  A new and long-awaited temporary loan amount increase from $362,790 to the conventional loan maximum of $729,750 passed yesterday (until end of 2008)!Per the Los Angeles Time: "The California counties at the new maximum level for FHA loans are Alamed...

• FHA Loan Bill May Increase Loan Limits

  Posted on Monday December 17th, 2007 at 18:34 in financing, condos, fha

  The FHA Modernization Bill passed by the United States Senate on December 13 will bring changes that have been fought for long and hard. FHA loans are currently limited to $359,900 in Southern California (loan amounts are regionally based), and 3% do...