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Tag: lenders

Lenders, be careful when calculating income for D.C. Tax Abatement

Written by Federal Title on 2013-09-19.

The D.C. Tax Abatement Program is a great program for those homebuyers who qualify. Qualifying homebuyers are exempt from paying transfer and recordation taxes at closing and will also be exempt from paying real property taxes for 5 years...

DC wants to ‘Open Doors’ to potential home owners

Written by Federal Title on 2013-09-17.

A new program from the DC Housing Finance Agency (DCHFA) called ‘DC Open Doors’ seeks to make homeownership in the District even more affordable. This new program offers qualified homebuyers a variety of mortgage loans, including FHA and...

FHA issues new rule on foreclosure, bankruptcy and short sale waiting period

Written by Federal Title on 2013-09-10.

In its August 2013 Mortgagee Letter, the Federal Housing Administration (FHA) issued updated guidelines for giving an FHA-insured mortgage to borrowers who may otherwise be ineligible as a result of its post-bankruptcy, foreclosure or short...

A win for the consumer

Written by Federal Title on 2013-08-02.

We’d like to applaud Wells Fargo for announcing a move toward eliminating their role in the ABA/CBA marketplace. The bank announced last week that it would discontinue 8 joint ventures, according to a report in American Banker. We’ve...

Attention buyers and refinancers: Don’t acquire new debt!

Written by Federal Title on 2013-06-21.

If you apply for a loan to buy or refinance a property, your lender will tell you not to acquire new debt before closing. What does this mean? It means, don’t buy a car with a car loan. Don’t get a new credit card. Don’t increase your credit...

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Tag: lenders

Lenders, be careful when calculating income for D.C. Tax Abatement

DC wants to ‘Open Doors’ to potential home owners

FHA issues new rule on foreclosure, bankruptcy and short sale waiting period

A win for the consumer

Attention buyers and refinancers: Don’t acquire new debt!

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