RECENT BLOG POSTS
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Saving up money for a large down payment on your mortgage is no longer the norm. Most homeowners and first time home buyers in Florida use the FHA mortgage loan that only requires 3.5% down but there are also conventional loans that compete with FHA.It is a myth that you have to put down a larg...
09/29/2015
Fannie Mae now offers the My Community Mortgage. The program has been rolled out as an affordable financing option to serve low to moderate income borrowers. The program is for first time home buyers. Fannie Mae defines first time home buyers as anyone who has not owned a home in the last 3 years...
03/06/2015
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FHA 203(k) Program Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition. The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”. The rep...
09/24/2014
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FHA 203(k) Program Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition. The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”. The rep...
09/24/2014
3
Comments
FHA 203(k) Program Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition. The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”. The rep...
09/24/2014