Tag Archives: FHA loans

FHA Program Offers Help to Buy a Home to Rehab

If you don’t mind buying a “diamond in the rough”, you may want to consider the FHA program that offers help to buy a home to rehab. The FHA (203) Rehab Program was created to help clean up the rundown homes in a neighborhood while helping homebuyers afford to do so. Continue reading

Posted in Uncategorized | Tagged fha help to purchase rehab homes, FHA loans, hammond real estate, hammond realtors, tangipahoa homes for sale | Comments Off

Adapting to the New Real Estate Industry

As things change, we must learn to adapt. Now that the tax credits have ended and probably will not be renewed, it is a good time to learn to adapt to the new real estate industry.

The up-front mortgage insurance premium of FHA loans went from 1.75% to 2.25%. FHA announced that it was reducing the seller allowance from 6% to 3% earlier this year, but they have not announced a date that it will go into effect. However, fellow agents, this is a window of opportunity for you to start talking to buyers and sellers while they still exist.

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Tagged conventional loans, FHA loans, Financing, lake havasu city az, MLS search, real estate professionals, VA Loans | Leave a comment

Revisions Underway for 2010 California Residental Purchase Agreements

Just when I know the California Residential Purchase Agreement (RPA) by heart — I can practically recite each paragraph in my sleep — the purchase agreement is being revamped in 2010 by the California Association of REALTORS (C.A.R.). Nothing is … Continue reading

Posted in News To Us, The Buying and Selling Process | Tagged c.a.r., california residental purchase agreement, contract cancellation, earnest money deposit, electronic signatures, FHA loans, final walkthrough, fixtures, liquidated damages, preapproval letter, rpa, section 1 or section II, short sale addendum, types of financing, wood destroying pest addendum, wpa | Comments Off

Appleton FHA Loans Are The New Low Down Payment Mortgage

The mortgage industry has changed so much in the last few months that Appleton FHA loans have become the new low down payment mortgage option. Continue reading

Tagged appleton fha, appleton fha loans, appleton fha mortgage, appleton fha refinance, appleton home loans, appleton mortgage, fha in appleton wisconsin, FHA loans, fha mortgage in appleton | Comments Off

Article that discusses homebuyer’s tax credit extension

Recently, a client of mine asked for some clarification around the Obama tax credit extension.  I found this article to do the best job of summarizing how the tax credit will work. Enjoy! RISMEDIA, November 9, 2009—President Barack Obama has … Continue reading

Posted in Banking and Finance, Mortgage News, The Buying and Selling Process | Tagged FHA loans, First-Time Home Buyers, tax advice when buying a house, Tax Credits | Comments Off