HomePath Financing is Available at Academy Mortgage, Arizona If you are thinking about buying a home and FHA is not an attractive or viable option or better yet, the property does not meet FHA’s stringent requirements, you might want to think about using HomePath Financing by Fannie Mae. For a while many lenders and brokers…
Home Buyer Tax Credit To Expire on June 30th As you know, the Homebuyer Tax Credit is set to expire as of June 30th. For those that were able to execute a contract at the end of April have until the end of June to qualify. Be very aware of your pipelines and ensure that the…
USDA Home Loan Financing Is Now Available Effective June 1, 2010, USDA Home Loan financing is available to homebuyers. However there are some major changes to the program that are important to know about if you are interested in an Arizona USDA loan. First: The USDA Funding Fee is no longer 2.00% (two percent) Second:…
On April 5, 2010, FHA will make sweeping changes that will affect how many potential homebuyers will be able to qualify for an FHA loan.
FHA: Increase in Upfront Premiums for FHA Mortgage Insurance FHA’s Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Arizona area will increase from the current 1.75% to 2.25%. To remain eligible for the 1.75% UFMIP Factor, case numbers must be assigned before April 5. On a $200,000 loan FHA Mortgage Loan in Maricopa County, this is…
USDA Rural Housing Program funds are running out and it seems there are no appropriations in the near future.
Appraisals: FHA vs. Conventional Once upon a time, there was a difference between an FHA appraisal compared to a Conventional appraisal. For many years, real estate professionals, investors and motivated buyers avoided an FHA loan out of the fear that the appraisal, known for it’s vigorous inspection of the condition of the property, would complicate…
Fannie now allows home buyers to choose their own title and escrow companies. So long to useless and incompentent escrow companies that take the consumer and Real Estate Professionals business for granted!
HAFA works with providing incentives connected with a short sale or a deed-in-lieu of foreclosure (DIL) in order to avoid foreclosure on a loan eligible for modification under the HAMP program.
Provided to you Exclusively by THE CANTO TEAM For the week of Jan 25, 2010 | Vol. 8, Issue 4 Ted Canto Senior Mortgage Consultant Academy Mortgage Office: 480-344-3671 Cell: 480-650-8602 Fax: 480-374-6958 E-Mail: ted@tedcanto.com Website: www.tedcanto.com Going the extra mile is my standard, not the exception Last Week in Review “If…
