Posts Tagged ‘san antonio’
If you are a Veteran and looking into purchasing a home in Texas, then a VA loan is perfect for you. Because VA Home Loans are guaranteed by the Veterans Administration, they are easier to qualify for, require no down payment (yes 100% financing is still here), and most importantly don’t require perfect credit. VA…Read the Rest of Article
Tags: austin, corpus christi, dallas, first time home buyers, first time homeowners, home loan, Houston, Interest Rates, refinancing, san antonio, texas va loan, texas veteran home loans, texas veterans, va home loans, va loans, veterans administration
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The Fed Purchase Program is ending in March and the MBS (mortgage backed securities) market will be an open canvas to new investors. At the moment, the Fed is 92% complete with their program, and when they back out of it, this is going to attract investors that are going to require more yield. Well…Read the Rest of Article
Tags: austin, dallas, el paso, fha, fha rates texas, refinance, refinance rates texas, san antonio, va, va rates texas
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Currently up 25 bps on the day. Recommend locking all and any transactions with these gains. The Treasury Auction is coming out later today, but I would not suggest risking your purchase/refinance on those results.
Tags: austin, dallas, fha rates, san antonio, texas
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October 9, 2009 Mortgagee Letter 2009-39 TO: ALL APPROVED MORTGAGEES ATTENTION: Single Family Servicing Managers SUBJECT: Updated Claim Filing and Delinquency/Default Reporting Requirements For FHA’s Making Home Affordable Modification Program (FHA-HAMP) The purpose of this Mortgagee Letter is to provide updated claim filing and delinquency/default reporting requirements for the FHA Home Affordable…Read the Rest of Article
Tags: ausitn, dallas, fha, Houston, making home affordable, obama, san antonio, texas
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When will YOUR housing market recover? By Marcie Geffner Pundits love to make predictions as to when home prices will stabilize in U.S. housing markets. But even well-respected forecasters and analysts may disagree, and even if a forecast proves true nationally, your local market may behave in a wildly different way. This disconnect between broad-stroke…Read the Rest of Article
Tags: fha, fha loan, FHAloanhouston, home sales texas, home values texas, Housing Market, Houston, san antonio, texas
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In a previous post of mine, I outlined a problem that FHA has been currently dealing with, and today, on the front page of Yahoo, I found an article from the New York Times that gives a nice little update. I wanted to repost it so please take a moment to read this, as its…Read the Rest of Article
Tags: austin, fha, fha mortgage houston, fha trouble, Houston, mortgage rates houston, san antonio, texas
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If you are vacating a residence that will remain occupied by the co-borrower, he/she is required to obtain a NEW FHA mortgage loan. Acceptable situations are: 1.) Instances of divorce, after which the vacating spouse will buy a new home, or 2.) One of the co-borrowers will vacate the existing property -
Tags: fha, FHA Guidelines, fha loan, FHAloanhouston, Houston, mortgage rates houston, refinance, san antonio, texas
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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…Read the Rest of Article
Tags: 203(b), fha, fha guideline changes, FHA Guidelines, fha houston, fha loan, fha mortgage, fha mortgage houston, FHAloanhouston, Houston, san antonio
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Here’s an excerpt from one of my favorite movies, A Bronx Tale. Please follow closely: Sonny: Get this over with, Mush. Mush: Come on, dice. Baby needs a new pair of shoes. Come on, seven! Mush: Come on! Come on, dice! Sonny: I don’t even have to look. (Spectator) And seven! Mush: Craps! I’m out!…Read the Rest of Article
Tags: austin, fha, fha loan, FHAloanhouston, Houston, obama, san antonio
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So, you’ve decided to buy a house? GREAT DECISION, especially now since rates are super low and you can walk into plenty properties with some decent equity. Ok, step 1 complete. Next step, picking the right lender. I’ve written several articles on this previously, but I will summarize countless hours of explanation into ONE sentence:…Read the Rest of Article
Tags: austin, dallas, Houston, lender, mortgage, mortgage rates houston, san antonio, texas
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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…Read the Rest of Article
Tags: 203(b), 97% financing, austin, fha, fha guideline changes, fha loan, FHAloanhouston, Houston, san antonio, texas
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An Identity-of-Interest transaction is where a sales transaction is made between parties with family/business relationships. To break it down very simply, and this is USUALLY always the case, when a family member sells to ANOTHER family member, FHA looks at that as an Identity-of-Interest Transaction. I get at least 1-2 calls per month with this…Read the Rest of Article
Tags: fha, fha loan, fha mortgage, fha mortgage houston, FHAloanhouston, Houston, refinance, san antonio, texas
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I have voluntarily stopped watching news. Seriously. What can CNN, FOX News, or even your local news tell us that we haven’t seen, or better yet, experienced first hand in this wild real estate market the past year or so? Absolutely nothing! If I wanted negativity, I would ask my Uncle Frank how his prostate…Read the Rest of Article
Tags: austin, dallas, fha loan, Houston, san antonio, subprime loans, texas
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Comparing deals for a mortgage can be a very confusing task. You can shop til you drop for mortgage rates, mortgage fees, and the best APR (Annual Percentage Rate); however do you REALLY know what to look for? Well let’s have a look. Just the other day, I was having coffee with a potential client…Read the Rest of Article
Tags: austin, dallas, free mortgage advice, gfe, good faith estimate, Houston, san antonio, texas
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