Archive for the ‘Government Loans’ Category

There are so many questions that a FTHB, First Time Home Buyer, really needs answered before they can man an informed decsion about buying a home in the Eugene Springfield Oregon area. This is the third in a six part series covering FAQs, Frequently Asked Questions, that I hope will help in the decision process.  Read More

This is the second in a six part series covering FAQs, Frequently Asked Questions, hopefully to help the FTHB, First Time Home Buyer, make an informed decision about buying a home and why it may be time to buy a home in the Eugene Springfield Oregon area? Read More

The government has always be the major source of acronyms in use in the country so I thought I would take advantage of several of them all at once. HUD is Housing and Urban Development, the parent agency of FHA (Federal Housing Administration). FAQs are Frequently Asked Questions and FTHB is First Time Home Buyer. Now that you know the terms, would you like to know why you, as a FTHB, should buy a home in the Eugene Springfield Oregon area? This is the first part of a six part series. Read More

Did you get a new FHA Loan in 2009 with Taylor Bean and Whitaker as the lender? If so, it is possible the Form 1098 you received from the current servicer does not list all of the interest you paid last year. Taylor Bean and Whitaker was closed last year by HUD for discrepancies in their reporting, now it appears this is being carried forward. Read More

All new FHA Home Loan case numbers assigned on or after April 5, 2010 will have an increased Up Front Mortgage Insurance Premium (UFMIP). The increase will be from the current 1.75% to 2.25%. On a $200,000 loan in the Eugene/Springfield Oregon area, this is an additional $1,000 cost. By beating this deadline on a purchase you will also qualify for the First Time Home Buyer Tax Credit if eligible. Read More