Gerry Suarez Jr.'s (gsuarez) Blog

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Mortgage and Lending - New American Funding NMLS 6606 - 310298
RECENT BLOG POSTS
  Now more than ever government backed loan programs helping first time home buyers achieve their dream of homeownership. While talk of a credit crunch keeps some buyers sidelined many others are getting the best deals in years, with low rates and low or no down payments! Leading the charge is th...
10/27/2008
Yes it was reported today that a lame duck Congress may be considering the re-instatement of seller funded down payment assistance (SFDPA) programs like Nehemiah and Ameridream as part of a new economic stimulus package. Although too early to tell, it appears the last effort to allow SFDPA with ...
10/20/2008
One of the best government backed 100% financing programs is available throughout the 32726 and 32736 zip codes of Eustis in Lake County, FL. The guaranteed rural development loan also allows you to finance up to 2% of your closing costs and frequently results in zero cash at closing to buy a hom...
10/17/2008
One of the best government backed 100% financing programs is available throughout the 34748 and 34788 zip codes of Leesburg in Lake County, FL. The guaranteed rural development loan also allows you to finance up to 2% of your closing costs and frequently results in zero cash at closing to buy a h...
10/16/2008
One of the best government backed 100% financing programs is available throughout the 32757 zip code of Mount Dora. The guaranteed rural development loan also allows you to finance up to 2% of your closing costs and frequently results in zero cash at closing to buy a home. Call for more informati...
10/16/2008
  RD loans can be a challenge considering they have both income and geographic limitations. Once these hurdles are crossed though, what advantages does RD give you? In Florida did you know RD: -allows unlimited gifts. -has no stated limitation on seller concessions (FHA and VA say 6%). -allows cl...
10/15/2008
What a ride! The press has all they can handle trying to keep up with a global financial meltdown and an unprecedented presidential election; but for those in the real estate business not much is really changing. The loans to go to are still FHA, VA and Rural Development because the market that i...
10/08/2008
I've been speaking to Realtors and customers all week about the "rescue plan" and what it means to them. With all the negative talk in Washington it's too easy for us to assume getting a new mortgage loan is impossible. Please don't succumb to those thoughts. Despite the turmoil, mortgages are av...
09/26/2008
  The last three weeks in the financial world have been monumental to say the least. Wall Street has been forever changed. Confidence in our economic system has been shaken to the roots and the Feds are now considering the largest "bailout" in history in an attempt to right the ship. What does th...
09/24/2008
FHA has changed the rules on recognizing rental income if a buyer chooses to rent their home to purchase another one. The changes are an effort to reduce the practice they call "buy and bail- where the homebuyer purchases, for example, a more affordable dwelling with the intention to cease makin...
09/22/2008
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Gerry Suarez Jr.

FL Mortgage Guru
smartphone(352) 516-9884
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Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!