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…

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…

The American Recovery and Reinvestment Act of 2009 has had many New Jersey First Time Home Buyers asking questions about how to qualify. Here are the Top 10 questions and answers all in one place: 1. Who is eligible to claim the $8,000 tax credit? First-time home buyers purchasing…

First time home buyers are not the only ones with reason to celebrate. The American Recovery and Reinvestment Act of 2009, which was recently extended through 2010, includes the $8,000 credit for first time home buyers through April 2010 and includes a provision which allows current  homeowners shopping for a new primary residence to apply…

Be Prepared! Alpine Mortgage  USDA Guaranteed Home Loans are underwritten by our in-house underwriting staff which saves time in the process. However, after a USDA loan is approved, the next step is for USDA to issue their approval of the loan, since they are the providing the guarantee. This is similar to what happens when…

Is the phrase “ FHA Jumbo Loan ” an oxymoron?  In order to answer that question, you have to understand the history of FHA loans.  In 1965 the Department of Housing and Urban Development (HUD) was formed.  Within HUD operates the Federal Housing Administration (FHA), which has the primary…

First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November…

Homebuyer Tax Credit Update! Things changed today for Oregon First Time Home Buyers and also for those looking to move up (or down) in home size.  President Obama signed a bill today (Nov. 6, 2009) to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also…

Have you heard about FHA Jumbo Loans? In 2008, the economic stimulus package was put into place.  Part of the package was to offer FHA Government Insurance on higher loan limits than in the past.  These larger FHA loans are known as FHA Jumbo Loans aka FHA Jumbo Home…