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My FHA Mortgage blog was created to connect FHA approved mortgage companies with local clients and real estate professionals.
We are a group of seasoned FHA Mortgage Professionals who are committed to transparency and integrity in lending.
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Recent Posts Tagged With '8000 tax credit'
Maryland FHA Responds to Short Sales
Maryland FHA responds to Short Sales and here are the 5 things you need to know. Changes are effective immediately. Maryland borrowers ARE eligible for new FHA financing if they are 0X30 on the mortgage in the last 12 months and the proceeds...
$0 Down Payment Virginia FHA First-Time Homebuyer Loan Available
One of the biggest challenges most Virginia first-time home buyers face is coming up with their down payment. An FHA loan exists in Virginia that can help stretch your home buying and down payment dollars. It allows for a $0 down payment and ony ...
Home Buyer Tax Credit v2.0 – At A Glance
Ok, so the home buyer tax credit was recently revised and extended through April 30, 2010. And this time it includes extra provisions to allow repeat home buyers to benefit as well as first-time home buyers. Let’s breakdown the most importa...
Leverage Your Purchase with an FHA 203k Streamline
Buying a new home with an FHA 203k Streamline may be the way to leverage the home you want with a very limited down payment. The real estate market in the Eugene/Springfield/Lane County area has a lot of great deals for those willing to look past th...
USDA Changes Make “Rural” Homes More Accessible – Texas
Zero-down home loan programs in Texas are few and far between these days, but one that remains available might be of interest to you – especially given some changes that make it more accessible. USDA Guaranteed Rural Development loans offer 100% fi...
Maryland 2010 FHA Loan Limits
The Maryland 2010 FHA loan limits by county are unchanged from 2009. With only a 3.5% down payment, FHA mortgages have been a great mortgage option for First Time Home Buyers. For more information about a Maryland FHA Mortgage, Loan Limits, or FHA ...
Obtaining a Mortgage Loan after a Bankruptcy – Texas
If you have had to declare bankruptcy in Texas you are not ineligible for a mortgage loan. For the most part it’s just a matter of time before you can qualify for a loan. Generally speaking you need about 3 years from the time the bankruptcy was di...
Buying vs Renting a Home in Texas
Buying a home vs. renting in Texas is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profi...
Maryland FHA Proposed Rule and 2010 Loan Limits
Maryland’s FHA proposed rule was published today in the Federal Register regarding lender eligibility and net worth requirements. 6 Things you need to know about these changes: 1. If accepted, these changes will take effect January 1st, 2010. 2...
OREGON Neighborhood Stabilization Program up and running
One of the least talked about programs that is available to help people purchase a home in Oregon is the Neighborhood Stabilization Program (NSP). Because I want people to know the programs that are out there, I have spent a lot of time on the First ...
Would you be interested in a Webinar about the Home Buyer Tax Credit?
Would a webinar for my Oregon readers to discuss the Home Buyer Tax Credit is a good idea. I have chosen this method of delivery so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in ...
Northern NJ First Time Home Buyers Questions About the $8k Tax Credit
The American Recovery and Reinvestment Act of 2009 has had many New Jersey First Time Home Buyers asking questions about how to qualify. Here are the Top 10 questions and answers all in one place: 1. Who is eligible to claim the $8,000 tax cre...
Assistance Programs – Rockwall and Grand Prairie Counties, Texas
Announcing Two New Assistance Programs for Grand Prairie and Rockwall Counties City of Grand Prairie The Foreclosed Home Purchase Assistance Grant Program (FHPAG) assists qualified low, moderate and middle-income families to purchase foreclosed h...
Chicago, IL FHA First-Time Home Buyer Changes To $8000 and $6500 Tax Credit
As of November 6, 2009 there are recent changes to the $8000 and $6500 FHA First Time Home Buyer Tax Credit, which include move-up buyers, new income limits and extension dates. ____________ Changes that went into effect on November 6th, 2009: The ...
$6500 Tax Credit for Current Home Owners Passed by Congress
First time home buyers are not the only ones with reason to celebrate. The American Recovery and Reinvestment Act of 2009, which was recently extended through 2010, includes the $8,000 credit for first time home buyers through April 2010 and in...
Tax Credit for California FHA First-Time Buyers
President Obama has signed a bill that extends the tax credit for California first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009 for FHA FTHB’s. In addition to extending the...
Lake Mary Real Estate Buyers Benefit from Tax Credit Extension
Watch the Tax Credit Video here - Lake Mary Real Estate buyer’s are due to benefit greatly from the extension AND expansion of the $8000 First Time Home Buyer Tax Credit. Now it includes the $6500 Move up Buyer Tax Credit! Not only do first t...
1st Time Home Buyer Tax Credit Officially Extended
First time home buyers rejoice!!!! Congress has officially extended the deadline for the $8,000 first time home buyer tax credit to April 30, 2010. Under the extension, the deadline of April 30 refers to the contract date. This means that the 1...
Looking for Real Estate in Harleysville Montgomery County, PA? Don’t foget about FHA!
For those looking to take advantage of the newly extended Home Buyer Tax Credit there are a few things that you should consider. 1. FHA is one of the best options available for qualified buyers without a lot of money to put down. 2. Even if you...
VA Loans Follow the Golden Rule
Today is Veteran’s Day. Since I am a veteran and I work with VA Guaranteed Mortgage Loans, it is appropriate that I write about them today. First however, I would like to take a moment and thank our Veterans for their service. My son is a 20 year v...
Los Angeles FHA Loan – $742,520!
Los Angeles County FHA loan limits allow for a total loan amount of $742,520 with the up front mortgage insurance premium financed into the loan. I closed a $950,000 purchase last week with this loan amount for a first-time buyer. The FHA rates w...
New Jersey $8,000 First-time Home Buyer Tax Credit at a Glance
$8,000 First-time Home Buyer Tax Credit at a Glance *The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-yea...
$1000 Down for Falls Ranch Homes In Yuma, Arizona
Yes, it is true. $1000 down is all you may need to purchase a Falls Ranch home in Yuma, Arizona. ______________________ $1000 Is All You May Need ______________________ With the media telling everyone that local programs do not exist, most buyer do...
Idaho $8,000 First-Time Home Buyer Tax Credit Extended into 2010! As Well As A New $6,500 Tax Credit for Certain Existing Home Owners!
Great News !!!!! Idaho $8,000 First-Time Home Buyer Tax Credit Extended into 2010! As Well As A New $6,500 Tax Credit for Certain Existing Home Owners! The $8,000 tax credit for First-Time Home Buyers has been extended into the first half of 2010. Th...
Massachusetts First-Time Home Buyer Credit Extended & Expanded
Good news for Massachusetts first-time home buyers arrived this Friday, November 6th, when President Obama signed into law legislation extending and expanding the Federal Housing tax credit. The tax credit is now not only for MA first-time home b...
$8,000 Tax Credit Extended and Expanded-New Jersey Home Buyers get another chance!
The $8,000 First Time Home Buyer Tax Credit has been extended into 2010 and existing homeowners may be able to take advantage of a $6,500 Tax Credit as well. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the exte...
The Scoop on the California First Time and Move-up Home Buyer Tax Credit: The $8,000 Extension and $6,500 Expansion
After weeks of reporters jumping the gun and claiming several different versions of the First Time Home Buyer extension/expansion program had already been approved, we now have a finalized bill signed into law by President Obama on November 6, 2009....
Tax Credit for Homebuyers signed Today!
First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half...
FTHB Tax Credit Passed and Expanded
Homebuyer Tax Credit Update! Things changed today for Oregon First Time Home Buyers and also for those looking to move up (or down) in home size. President Obama signed a bill today (Nov. 6, 2009) to extend the tax credit for first-time homebuyer...
Maryland $8000 Home Buyer Tax Credit Extended
The U.S. Senate & House have passed legislation to extend the Maryland $8,000 home buyer tax credit to May 1, 2010, for first-time buyers AND add a $6,500 tax credit for the existing homeowner if they’ve lived in their home for five of the...
