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Just this morning, I was reading an article that I came across regarding a couple things that are going on with the Federal Housing Administration (FHA)….and it wasn’t pretty. Basically what’s going on right now is that there are justifiable rumors that the FHA’s reserves (capital) are hovering around dangerous levels. Congress requires that the [...] So there has been a lot of rumors regarding the $8000 first time home buyer tax credit and that it can be used as a down payment for a new home with an FHA loan. At first, I thought it was just another “mortgage scam”. Trust you me, the real mortgage industry always leaves room [...] Do YOU know WHO is actually eligible for an FHA Loan? Here’s the skinny: 1. Any U.S. Citizen with a valid U.S. Social Security Number 2. Any Permanent Resident Aliens 3. Any Non-Permanent Resident Aliens, provided they: Have a valid SSN Are eligible to work in the U.S. Occupy the property as a principal residence [...] This is the main reason you NEED to have an FHA EXPERT (such as us of course) working with you. Can you imagine being 2 weeks into the process and your part-time Loan Officer calling and saying, “Hi Bob… um, we have a little issue?” In our information age, you need what you want, and [...] |
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