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Maximum VA loan county limits for 2014 released

Written by Guest on January 7, 2014.

The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans effective January 1, 2014. Please note, these limits do not reflect a maximum amount that an eligible veteran...

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

Written by Guest on September 10, 2013.

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...

The bait ‘n’ switch: From an all-cash offer to not

Written by Guest on August 13, 2013.

Consider the following scenario: It’s a bidding war, and the seller of a property is choosing between multiple offers. It comes down to the two highest offers: Offer A: $505,000, FINANCING of 20% down and 80% loan, $5,000 earnest money deposit,...

How changes to FHA loans could impact you

Written by Guest on April 17, 2013.

Two major changes to FHA loans designed to boost its depleted mortgage insurance fund may result in many borrowers opting to forego an FHA loan for a conventional loan with private mortgage insurance. The first change became effective April...

Maximum VA loan county limits for 2013 released

Written by Guest on January 2, 2013.

The Department of Veterans Affairs Loan Guaranty Program recently published county “limits” to be used for VA Loans effective January 1, 2013. Please note, these limits do not reflect a maximum amount that an eligible veteran is permitted...

Understand mortgage fraud to avoid it

Written by Guest on August 17, 2011.

Mortgage fraud investigations have skyrocketed since the financial crisis began in 2008, and a recent report released by the FBI’s white collar crimes division indicates the number of investigations has steadily increased in the years...

Higher max conforming mortgage loan limits extended

Written by Guest on November 23, 2010.

The Federal Housing Finance Agency announced last week that the conforming mortgage loan limits for Fannie Mae and Freddie Mac loans will be extended through September 2011. Generally the limit is $417,000 for single family homes, but these...

Assumption advantage on the FHA loan

Written by Guest on November 8, 2010.

In addition to a low interest rate and a reduced required down payment, the FHA loan offers today’s homebuyers another little-noticed advantage over the conventional/conforming loans. Unlike most conventional loans, FHA loans are assumable...

What to consider when starting the homebuying process

Written by Guest on April 7, 2010.

Without a doubt, industry guidelines have tightened, and lending restrictions have increased for home financing. If you are planning to purchase a home, there a few things to think about and certain documentation you should be prepared to...

Releasing a mortgage lien

Written by Guest on April 1, 2010.

A lien is a legal claim against property that must be satisfied when the property is sold. The lien provides notice that the bank has a secured interest in the property and guarantees the bank that the property cannot be sold or transferred...

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Tag: loan

Maximum VA loan county limits for 2014 released

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

The bait ‘n’ switch: From an all-cash offer to not

How changes to FHA loans could impact you

Maximum VA loan county limits for 2013 released

Understand mortgage fraud to avoid it

Higher max conforming mortgage loan limits extended

Assumption advantage on the FHA loan

What to consider when starting the homebuying process

Releasing a mortgage lien

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