For those of you that are looking for a home and would like to fix it up, but don’t have the money to do it, there is a great new loan that would enable you to do that. The FHA is offering the 203(k) loan, a great opportunity for the homes that need some TLC.
“Right now, […]
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Good morning: I thought I’d take a minute to give you an update on some of the rumors out there about new down payment programs available for first-time homebuyers. Today it appears to be a combination of bad news and good news.
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Home Loan Refinance
Reno Nevada Loan Modifications, Refinance etc:
Do you Qualify for a “Making Home Affordable” Refinance?
On March 4, 2009, guidelines were released under President Barack Obama’s Making Home Affordable initiative, which is designed to help up to 9 million homeowners stay in their homes through refinanced mortgages or loan modifications.
To qualify, you must:
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Below is recent correspondence with Dan Sherbondy at Direct Access Lending in Las Vegas, NV. He discusses the new loan options of Nevada, including VA Loans & FHA Loans.
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Below is information regarding the 4% mortgage interest rate from Stephanie Hanna at Platinum 1st Mortgage. She discusses her take on whether mortgage interest rates will ever get this low.
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Below is recent correspondence with Stephanie Hanna at Platinum 1st Mortgage. You will find the recent guidelines for buyers for both Fannie, Freddie and FHA loans.
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Here is an update from Stephanie Hanna from Platinum 1st Mortgage regarding FHA Loans. As you can see, there are some great programs right now and it is a great time to buy.
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In 2009 we’ll see some changes from FHA with regards to down payments on purchases of homes in Northern Nevada. Because of that, I thought I’d just provide a quick update on where we stand today, and what we can expect in ‘09.
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As many of you may have read by now, sales of new homes rose in September and standing inventory shrank as builders dropped prices to their lowest level in four years.
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