Joshua Duda's (joshuaduda) Blog

Mortgage and Lending - Franklin American Mortgage - NMLS ID # 158383 - 158383
As most of you know the deadline to have a property under contract to be eligible for the the up to 8,000.00 tax credit was April 30th.  Now that is has expired, I have received several inquires as to what is going to come next.  As of right now it is all speculation.  I would imagine the governm...
I have received many questions concerning the expiration on the First Time Home Buyer Credit, where as a first time home buyer you can receive 10% of the purchase price up to 8,000 back from the IRS to purchase a home.  As of right now, the deadline to have a property under contract is April 30th...
This week a memo came down from USDA stating that they were running out of money to issue conditional commitments for USDA home loans.  I talked to Pat White in the Greene County office on 3/12/10 at which time she encouraged me to get full file submissions in as soon as possible.  USDA anticipat...
Unfortunately interest rates are on the rise again.  Since the inauguration interest rates have gotten worse every day.  I hope they come back soon but we may be seeing the tail end of the outrageous rates I've been enjoying for the past month.  USDA rates continue to be in the low 5's on a 30 ye...
Just an FYI to everyone.  Interest rates are incredible right now.  On 12/17/2008 they took a dip to as low as i have seen the past 7 years on Conventional, FHA and USDA loans.  What a great time to lock in a rate on a refinance or to buy a new home as it a buyers market.  They are some real deal...

Joshua Duda

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