Posts Tagged ‘Real Estate Loans’

This question was posted on our website recently. It is a complicated question with a very simple answer. If you want to purchase a home that needs some repairs and would like to include the repairs in your loan, the way to do it is with an FHA 203k Streamline. This loan works no matter where you are and is one of the easiest ways to get your home in tip top shape once you purchase it. The Eugene/Springfield, Lane County Oregon area has some prime properties that this is an exceptional way to advance. Here is the question: Read More

WOW! There are changes, and then there are changes. FHA Commissioner David Stevens announced today a bunch of policy changes designed to strengthen FHA’s Capital Reserves. Those changes range from raising down payment requirements, to raising upfront and monthly mortgage insurance premiums to lowering the seller concessions. These are changes that can make huge differences in a person’s ability to actually get an FHA loan in the future. Read More

Now could be the right time to buy your new home and an FHA 203k Streamline may be the loan to make it possible. I try to keep track of the real estate market in the Eugene/Springfield/Lane County area. I work with several very exceptional Realtors® and know some of the things going on here. I also subscribe to several blogs and other services that keep me up on what is happening in our local market and just received one from Trulia which I found most interesting. Home values can vary widely for a number of reasons, including condition, location and urgency. Read More

FHA offers a benefit to their mortgage products that most people either are not aware of, or if they are aware of it, don’t think it is a great benefit. This is the Energy Efficient Mortgage which gives you the ability to add an additional $8,000 to your mortgage for energy related upgrades, either on a purchase or a refinance. On the surface, this sounds like a really great deal, however, I have found that it leaves a bit to be desired when it comes to the actual implementation. Read More

Just a short little bid of advice for those thinking that they are going to get the next great deal on a home by buying a “Short Sale” and financing it through an FHA Insured Mortgage. Be prepared for delays! Don’t expect to close within a two to three week window! Read More