A Guide to the Pennsylvania Mortgage Market

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Mortgage and Lending - Keystone Home Finance - NMLS#834342 - Conventional - FHA - VA -USDA - Jumbo Programs - Direct Phone 412-726-1654 - NMLS# 137243
A Guide to the Pennsylvania Mortgage Market
RECENT BLOG POSTS
Let's face it, costs are big factor when selecting the right mortgage program for your home purchase.  VA Mortgages in Pennsylvania have a distinct advantage when compared to other mortgage programs; they are generally cheaper.  One of the main benefits of the VA Mortgage program is that there is...
02/21/2014
I had a buyer ask me the other day... Can I buy a foreclosure using a USDA Mortgage?   Yes, you can.  The USDA does allow home buyers to use the USDA Mortgage Program to purchase foreclosed properties but there are some issues that should be noted. The USDA will require that the property meet min...
02/18/2014
Conventional Mortgage : The Entire Down Payment Can Be Gifted   Recently a program has become available that allows home buyers to purchase a home with a Conventional Mortgage with the entire down payment coming in the form of a Gift.  This program enables borrowers to buy a home with no or littl...
02/17/2014
The VA Streamline Refinance program allows Veterans to refinance their current VA mortgage without the need for an appraisal.  VA Streamline Refinances are also known as VA IRRRL.  The acronym VA IRRRL stands for Veterans Administration Interest Rate Reduction Refinancing Loan.  Technically, the ...
03/25/2013
 Freddie Mac and HARP    The Home Affordable Refinance Program, commonly known as HARP is available for Freddie Mac mortgages. When the HARP 2.0 program rolled out at the end of 2011, it offered holders of Conventional Mortgages the opportunity to refinance their homes to take advantage of low in...
01/28/2013
Since the HARP 2.0 program rolled out in October of 2011, a lot of lenders have either reduced their Maximum Loan to Value (LTV) or done away with the program altogether after taking on an initial wave of applications.  For many lenders, their participation in the program was voluntary and they w...
10/02/2012
   Another change has occurred to Pennsylvania USDA Mortgages…      Last fall the USDA began including an annual fee with their mortgages.  This fee is included with the monthly payment and is intended to help keep the USDA Mortgage Program financially solvent.  USDA has now announced that there ...
09/02/2012
EDIT:  Fannie Mae and Freddie Mac have discontinued this program as of November 2013.   There is now a 5% down payment required.  This article has been archived.      3% Down Conventional Mortgages do exist...  ...but are they worth it?   The answer to the question depends on the circumstance of ...
07/21/2012
Whether buying a home or refinancing your current home, if you are a Veteran and are entitled to VA Benefits, you may want to consider the Pennsylvania VA Mortgage program.  One of the main benefits of the VA Mortgage program is that there is No Mortgage Insurance requirement no matter how little...
07/07/2012
  HUD has announced a change to the FHA Streamline program that will make refinancing an FHA Mortgage in Pennsylvania and the rest of the country much cheaper for many homeowners.  Essentially, HUD is drastically reducing the amount of Mortgage Insurance required for qualified FHA Streamline Refi...
06/03/2012
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Keith Landis

Pennsylvania - "Your Pennsylvania Mortgage Source"
local_phone(412) 567-6560
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