I May Stir Up a Controversy Here……

As one of the approved lenders on HUD’s Hope 4 Homeowner’s website, we have been inundated with phone calls from homeowners who are either (a) in foreclosure, (b) close to having a foreclosure action filed on them, or (c) struggling to pay their mortgage because of the current economic CRISIS we are experiencing here in [...]

USDA Rural Housing Mortgage Eligibility Information

If you are a Realtor® with a client, or you are a prospective real estate buyer, the USDA Rural Housing loan is a great program!  It is one of the last truly “no money down” program and allows closing costs the the seller isn’t paying to be included in the loan amount!     The areas that [...]

Choose the Right LOAN OFFICER, as well as the right Lender!

While it may be tempting to choose a loan officer and lender strictly based on the lowest-quoted interest rate, it is recommended that the decision be prioritized by a different standard – their reputation. As the loan officer to provide you with testimonials from past clients, as well as ancillary-related professionals (you can see mine [...]

Real Estate is Still A Good Investment!

Everywhere you turn, there is bad news – on TV, in the paper, standing in a checkout line at the grocery store as the guy behind you talks about how bad things are. I’m not going to try to be Suzie Sunshine and say that it’s all good(which is what I usually am), or that [...]

Florida Real Estate Foreclosures: Inflated Fact or Fiction?

Florida has gotten the reputation for being “the foreclosure capital of the nation”.  What they don’t tell you is that the basis of this “fact” is the the Lis Pendens filing, which is the first step in the foreclosure process. A Lis Pendens is file and it can take 6, 8, 12 8, and even [...]

USDA Rural Housing Mortgage – 100% Financing – No Down Payment – Direct Loans

Most of my posts are on the USDA Guaranteed Rural Housing Mortgage program.  This is a mortgage program that gives 100% financing, including, if necessary, the funding fee, closing costs, and prepaids to enable a buyer to get in a house with absolutely no money down.  This program is one in which the client goes [...]

Florida FHA Loan Limits

  MSA Name County Name Single-Family GAINESVILLE, FL (MSA) ALACHUA $204,440 JACKSONVILLE, FL (MSA) BAKER $294,500 PANAMA CITY-LYNN HAVEN, FL (MSA) BAY $251,750 NON-METRO BRADFORD $200,160 PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA) BREVARD $221,350 FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL BROWARD $362,790 NON-METRO CALHOUN $200,160 PUNTA GORDA, FL (MSA) CHARLOTTE $224,209 HOMOSASSA SPRINGS, FL (MICRO) CITRUS $200,160 JACKSONVILLE, [...]

USDA Rural Housing Mortgage Loan Pro!

My title on ActiveRain says that I am a “USDA Rural Housing Mortgage Loan Pro”. I am licensed to originate USDA loans in Florida, Alabama, Georgia, Tennessee, and the Carolinas. The media tells you that 100% financing does not exist today for your buyers today.  This is not true.  Of course 100% financing is available [...]

USDA Rural Housing 100% Financing – 30 Year Fixed Rate 5.5% No Points, No Origination Fee

Today’s rate on a USDA Rural Housing loan is at 5.5% with no points, no origination fee. There is a 2% financed funding fee but no monthly mortgage insurance. AND THIS IS FOR 100% FINANCING IN WHICH YOUR CLIENT CAN FINANCE ALL OF THEIR CLOSING COSTS IF THE SELLER ISN’T PAYING THEM! What does this [...]

First Time Buyer? Buy a House with NO MONEY DOWN and get the $7,500 Tax Credit for 2008!

HR3221, the bill signed into law about a month ago, allows for up to $7,500 in tax credits to be given to first time homebuyers that purchase a home between August 9, 2008 and July 1, 2009. This credit will be deducted from your 2008 tax return. It does have to be paid back but [...]