Have you ever driven past a home with a sign that says “Fannie Mae Homepath”? If so, and if you’re in the market to buy a home then this could be another option for you to add to your property search. So, what is a Homepath property? It’s a property which is currently owned by [...]
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HUD Homes and the FHA 203k Loan
What is a HUD Home? Are you interested or wondered what HUD homes are and how to finance them? Well, just like properties which are purchased with conventional loans, properties purchased with FHA insured financing also at times go into foreclosure. When that happens those properties are then acquired by [...] Foundation Repairs and the 203k Loan For many home-buyers foundation repairs can be a deal breaker. You would probably say, “If it wasn’t for those foundation problems I might have really considered that property”. Well before scratching the property off your list you might want to do some further investigations on how bad it is and [...] Ready or not the new FHA loan limits are coming starting October 1st. 2011. It will be effective from that date until the end of the year and beyond unless legislation acts to extend them. So, if you haven’t found or refinanced your home yet or still in the process you might find yourself having [...] Our 203k Loan Calculator is EASY to Use and Read
Have you ever wondered how the renovation part of the FHA 203k loan is figured out? Well now you can because 203k Mortgage Lender has a new feature – our FHA 203k loan calculator for purchasing a property. Unlike conventional loan amounts, FHA loans [...]
FHA 203k Streamline: What’s in a Name. You might have heard the term “streamline” associated with FHA but did you know FHA has two types of streamline loans? There is the FHA 203k Streamline, used for renovation and remodeling, and there is the “regular” FHA Streamline used for refinancing an FHA loan. Both are designed to reduce [...] If you have been shopping for a home and have considered a HUD FHA 203K Loan to purchase and renovate you may have wondered how much down payment you would need? Or how to figure out a 203K down payment with rehab included? You may be surprised to know the 203K down payment is [...] The FHA 203k Appraisal: How is it Different? Like all home mortgage loans such as FHA, VA, and Conventional a required appraisal is needed when financing a property. An appraisal is a written analysis of the estimated value of a property and is one of the required items needed for your lender to do your [...] As we approach the summer months which for many is the home buying season, one of the factors that comes into play is what will FHA 203k rates be at that time of purchase in comparison to current FHA 203k rates. Like gas prices FHA 203k interest rates can fluctuate on a daily basis just [...] To start, the good news is that the 2010 Tax Deadline has been extended to Monday, April 18th for those who need it. Whether you are W-2, 1099, Self employed, etc. one thing for sure proof of income is needed for FHA loans and two years worth at that. So, what does the tax deadline mean if [...] |
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