Homebuyer Tax Credit Friday May 29, 2009 Tax Credit can immediately help thousands of Florida First Time Homebuyers to buy a home. FHA plan will stimulate Florida Home Buyer sales and help stabilize housing market WASHINGTON – Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration’s new $8,000 Florida First Time Home Buyer tax credit toward the purchase costs of a FHA-insured home. Donovan said that today’s action will help stabilize the nation’s housing market... [Read the full story]
HUD Announces No Downpayment Mortgages for Hurricane Disaster Victims Florida FHA mortgage insurance available for displaced victims of Katrina and Rita WASHINGTON – Housing and Urban Development Secretary Alphonso Jackson today announced that HUD has a mortgage financing program that requires no downpayment for people whose homes have been destroyed or damaged due to Hurricanes Katrina or Rita. In addition to requiring no downpayment, potential homeowners can live anywhere they choose in the United States. “HUD is committed to helping people affected by these terrible disasters... [Read the full story]
Before starting the mortgage process, you’ll need to have documents that applies to all loan applicants: Social Security cards Residential history for the past two years Employment History for the past two years Last 2 LES (paystubs) or provide income sources Last 2 months of asset statements Credit report Information on all real estate owned properties Estimated value of all personal assets Certificate of Eligibility and DD214, (for veterans only) W2’s for the past two years In addition, you may need to pay for a credit report and appraisal of the property. Read More →
Jumbo mortgage loan options are similar to traditional loan programs. They simply require a slightly higher down payment, usually of an additional 5% for similar program types. No-money-down programs are generally not available, but instead require a minimum of 5% down payment for a jumbo mortgage. Because the loans are large, jumbo lenders frequently offer variable loan programs to the jumbo client. The risk of an interest rate increase can result in a large dollar amount increase. It can be more expensive to refinance a jumbo loan due to the closing costs. Some lenders will offer the service... [Read the full story]
USDA AWARDS $356 MILLION IN ELECTRIC LOANS Funds Will Help More Than 45,000 Rural Customers in 10 States WASHINGTON, Feb. 6, 2009 -Agriculture Secretary Tom Vilsack today said that 16 rural utilities and cooperatives in 10 states have been selected to receive $356 million in loans to build and repair 3,830 miles of distribution and transmission lines and make system improvements that will affect more than 45,000 rural customers. “Investing in core rural infrastructure is a priority for the Obama Administration,” Vilsack said. “These loans will provide affordable power by financing... [Read the full story]
Finding the right credit repair information is imperative to fixing your credit. We can offer you products that will help you restore, fix, or clean up your credit file. This coaching software below is availabe for a small monthly fee and will be credited back at closing. It will shed light on how to fix your score, and suggest strategies in dealing with revolving credit. This coaching program will help you start to improve your credit score to obtain your mortgage loan! Please call 888-595-7339 or contact us for details. Video will load in 1 minute Read More →
Finding the right credit repair information is imperative to fixing your credit. We can offer you products that will help you restore, fix, or clean up your credit file. This coaching... [Read more]
HUD Announces No Downpayment Mortgages for Hurricane Disaster Victims Florida FHA mortgage insurance available for displaced victims of Katrina and Rita WASHINGTON – Housing... [Read more]