California’s first time home buyer and new home tax credit for 2010 that passed legislature and signed by Governor Arnold Schwarzenegger last week has raised questions, home buyers spirits and tax payers blood pressure. Low blood pressure is important to me, therefore, I will concentrate on maintaining high spirits for…
We all know what great sacrafices the members of our U.S. military make each day. Missing out on the first-time home buyer tax credit should not be one of them. Thankfully, Congress has acknowledged the unique circumstances affecting qualified service members*, by allowing the following exceptions that apply to…
While FHA has been hogging all the headlines (no pun intended) another little known loan program has been gaining in popularity. For over 60 years, the USDA (Unites States Department of Agriculture) has been guaranteeing loans for farms and rural communities. Recently, however, the definition of rural has expanded…
 (294134374).gif "New Jersey – USDA 100% Home Loan")
There is a little known and under utilized home loan available in New Jersey and across the country. This loan provides 100% Financing! You read it right…..100% financing…..and no Mortgage Insurance! WHAT ARE THE SPECIAL ADVANTAGES OF THE LOAN? * No Down Payment * No Mortgage Insurance * No…
Housing and Urban Development (HUD) regulators are always trying to make things better and more transparent for borrowers. This time they have made some major changes in the Good Faith Estimate, a backbone of the mortgage industry. These changes will be taking place January 1, 2010 and are some very major changes that…
 (2112434186).gif "Maryland FHA Responds to Short Sales")
Maryland FHA responds to Short Sales and here are the 5 things you need to know. Changes are effective immediately. Maryland borrowers ARE eligible for new FHA financing if they are 0X30 on the mortgage in the last 12 months and the proceeds from the short sale serve as…
FHA delays HVCC implementation for San Jose Home Loans until February 15, 2010. This was originally planned for a January 1, 2010 implementation. But, FHA announced today that the enactment of Appraiser Independence has been delayed. The new rule by FHA prohibits San Jose mortgage brokers and commission-based lender staff from…
 (869269115).gif "$0 Down Payment Virginia FHA First-Time Homebuyer Loan Available")
One of the biggest challenges most Virginia first-time home buyers face is coming up with their down payment. An FHA loan exists in Virginia that can help stretch your home buying and down payment dollars. It allows for a $0 down payment and ony 1% of the sales price is…
 (416400772).gif "Home Buyer Tax Credit v2.0 – At A Glance")
Ok, so the home buyer tax credit was recently revised and extended through April 30, 2010. And this time it includes extra provisions to allow repeat home buyers to benefit as well as first-time home buyers. Let’s breakdown the most important features and illustrate how you can take advantage…
 (1103222264).gif "Home Buyer Tax Credit v2.0 At A Glance – Los Angeles, San Fernando Valley")
Ok, so the home buyer tax credit was recently revised and extended through April 30, 2010. And this time it includes extra provisions to allow repeat home buyers to benefit as well as first-time home buyers. Let’s breakdown the most important features and illustrate how you can take advantage…