If you have less than perfect credit, you may assume that you need a large down payment to get approved, but that is not the case. If you are eligible for a VA loan or an RD (Rural Development) loan, you may be able to get approved for a loan with no down payment! […]
Mortgage Info Blog
Using Rehab Loans to Purchase a Distress...
With such a high level of distressed properties flooding the real estate market, there are great opportunities for a good deal among these available homes. But many people cannot afford to come up with the down payment and closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More costsClosing costs are the fees and charges due at closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More beyond the down payment itself — […]
Tax Credit Extended for Returning Vetera...
Tax Credit Extended for Returning Veterans… You may qualify for up to an $8000 tax credit if you or your spouse were on qualified official extended duty outside the United States for at least 90 days during the period beginning January 1, 2009 and ending before May 1, 2010, and were a member of the […]
FHA VS Conventional Home Loans
Distressed properties not so stressful t...
We did it again! After being turned down by another lender because the house he wanted to purchase wouldn’t pass the appraisalAn appraisalAn appraisal is an independent, professional opinion of a property's value. It is completed by a licensed appraiser who examines the home, studies recent sales in the area, and applies established valuation methods to determine what the property is worth in the... More is an independent, professional opinion of a property’s value. It is completed by a licensed appraiser who examines the home, studies recent sales in the area, and applies established valuation methods to […]
Sherwood Glen now FHA & VA approved
Sherwood Glen is an awesome 55+ condominium that is now approved for FHA & VA financing thanks to the Amazing Loan Lady, Renee Duval. FHA loans have a low down payment of only 3.5% ! FHA is not limited to first time buyers and there is no income limit for this program. VA loans are available […]
Rates Now Lower Than Ever!
Yesterday NH Housing announced their 30-yr fixed rate with 1 point is now 3.5%! (4.064 APR) Wow! These are low rates. Check out my website for more info on NH Housing (hit the link then scroll down a little). This is a great program for many people who fall within the income limits. Bookend LendingMortgage […]
Love that “Dirty Water”
If you are considering purchasing a home that has a private septic system, you need not be afraid. A properly functioning septic system will take waste water and recyle it into clean water. Never the less, it’s good to be cautious and have a septic evaluation to make sure the system is operating properly. Unless […]