Delaware Jumbo Loan Programs
Currently there are a variety of low fee, low rate loan programs available to borrowers in Delaware for Jumbo Loans. These jumbo loans apply to loan balances greater than $417k. These Delaware Jumbo Loan Programs are available in New Castle, Kent and Sussex Counties. For more information about the ...
(Posted: 11/1/2008 10:36:04 AM) Permanent Link
Tags: [delaware, jumbo loans, loans, de, jumbo de]New Jersey Jumbo Loans
There are still many great portfolio loans available to those looking for Jumbo Loan financing in New Jersey, Delaware and Connecticut. There are low rates available for 30 Year Fixed Rates, as well as ARM programs for 3,5,7 and 10 year options. Contact [name] at 1-800-999-2489 x7972 or naitch6203@yahoo.com for more inform ...
(Posted: 11/1/2008 10:36:02 AM) Permanent Link
Tags: [new jersey jumbo loans, nj jumbo loans, ]
Super Jumbo Mortgage Connecticut
We are pleased to announce that we can offer in a broker capacity to offer Super Jumbo Loans in Fairfield County, Connecticut and some surrounding counties, most notably New Haven and Litchfield. For more information, please contact [name] at 1-800-999-2489 x7972 or naitch6203@yahoo.com
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(Posted: 11/1/2008 10:36:00 AM) Permanent Link
Tags: [super jumbo mortgage connecticut]
FHA and your credit score
FHA loans are not influenced by your credit score. If you have a low credit score and think that you can't qualify for a mortgage then an FHA loan may be your answer. ...
(Posted: 10/13/2008 12:05:54 PM) Permanent Link
FHA Loan-to-Values and Cash to Close
FHA loans do not allow 100% financing but the maximum LTV for FHA is 97%.
When purchasing a home using an FHA loan it is necessary for the buyer to come
with a 3% down payment from sources other than the seller, realtor, builder or
lender. ...
(Posted: 10/13/2008 12:05:52 PM) Permanent Link
Bush Has Announced the FHASecure Initiative
Recently, President George Bush announced the FHASecure Initiative. This is an FHA-Insured loan program designed to help consumers who have fallen behind on mortgage payments due to their mortgage payments adjusting upward. Many consumers who have purchase or refinanced in the last 5 years did so ...
(Posted: 10/13/2008 12:05:50 PM) Permanent Link
Tags: [fha, bush, federal housing administration]
How to Qualify For a FHA Home Loan
Current home owners needing to refinance and first time home buyers can qualify for a FHA home loan quite easily if certain requirements are met. Although FHA generally looks at the overall credit profile and not just credit score there are still some basic requirements a borrower has to meet. One o ...
(Posted: 10/13/2008 12:05:49 PM) Permanent Link
Tags: [fha, home loan, refinance]
FHA Manual Underwriting
Some lenders will not touch an FHA loan that can not be approved through an automated underwriting system, and some have started to require minimum credit score requirements. However, there are quite a few lenders who will manually underwrite FHA loans. ...
(Posted: 10/12/2008 5:29:08 PM) Permanent Link
Refinance an ARM Loan to a Fixed Rate Loan
There has been quite a bit of news coverage regarding Adjustable Rate Mortgages adjusting upward. There are many ways to refinance an ARM Loan to a Fixed Rate Loan. The next few paragraphs will examine the benefits and strategies of refinancing an arm loan to a fixed rate loan. ...
(Posted: 10/10/2008 8:59:43 AM) Permanent Link
Tags: [refi arm, fixed rate, fha, mortgage, refi]
FHA Automated Underwriting
Most FHA loans are run through an automated underwriting system(AUS)which can approve an FHA loan at higher debt ratios than what is set by FHA at 31/43. ...
(Posted: 10/10/2008 8:59:42 AM) Permanent Link
USDA Guaranteed Rural Housing Loans
The USDA has great loan program designed to help moderate income buyers purchase a home in traditionally rural areas with 100% financing. The first step is to determine if you are eligible to qualify based on the USDA's income limits. The second step is to determine if the area in which you plan o ...
(Posted: 10/10/2008 8:59:41 AM) Permanent Link
Tags: [100% financing, declining markets]
Tougher Mortgage Lending Guidelines
Why have mortgage lenders tightened their guidelines so much? Can I still buy a home with zero or no money down? Will I be able to refinance with the tougher mortgage lending guidelines? I am not able to refinance and my ARM is about to expire what should I do?
These are some very common questio ...
(Posted: 10/10/2008 8:59:41 AM) Permanent Link
Tags: [mortgage lending, underwriting, qualifying]
Mortgage Application
A mortgage application is also called more commonly a 1003 and sometimes a URLA (Uniform Residential Loan Application). The mortgage loan application must be completed in order to apply for a home loan. It must be completed accurately and completely. Completing an application is the first step to re ...
(Posted: 10/10/2008 8:59:40 AM) Permanent Link
Tags: [1003, mortgage application, urla]
Fannie Mae and Freddie Mac
Fannie Mae and Freddie Mac are the biggest supplier of mortgage funds in the US. ...
(Posted: 10/10/2008 8:59:40 AM) Permanent Link
Tags: [fnma, fannie mae, freddie mac]
