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Fixer Upper Turned Shiny New using the FHA 203k Limited Loan
By Leesa Sandoval
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FHA Makes Changes to the Mortgage Insurance Premium
By Leesa Sandoval
HUD recently announced in Mortgagee Letter 2013-04 that any FHA case number issued on or after April 1, 2013 will be subject to an increased annual mortgage insurance premium (MIP) along with a new cancellation policy. Streamlined refinances where the case number was endorsed on or before May 31, 2009 would be an exception to this rule. What this basically means is that now would be the time to act if you are considering an FHA purchase or refinance!
Read MoreTips for a Successful Closing of a HUD Owned Property
By Leesa Sandoval
Now that you are under contract for the purchase of a HUD owned property there are just a few additional items to consider. It’s important to address any and all issues upfront to ensure there are no closing delays. Hopefully you will find these items helpful!
Read MoreTips and Tricks for Bidding on HUD or Bank Owned Properties
By Leesa Sandoval
It’s no secret that when making a bid on a HUD owned property and getting the contract submitted one must dot the I’s and cross the T’s. Receiving that accepted contract is exciting but there are some things that if not done property will delay closing.
Read MoreFHA Financing for 620 FICO Scores
By Leesa Sandoval
It still exists…FHA financing for those who have limited credit or for those who may be credit challenged. We are still able to offer FHA financing for a new home loan with a 620 FICO score.
Read MoreDo I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?
By Leesa Sandoval
Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence.
Read More8 Questions Your Lender Should Answer About Mortgage Rates
By Leesa Sandoval
Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that they can provide you with the best rate once you’re in a position of locking in your loan:
Read MoreTen Credit Do’s and Don’ts To Bear In Mind Prior To Getting Your Mortgage Loan
By Leesa Sandoval
Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.
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