NOT ALL PRIVATE ROADS ARE TREATED THE SAME

In the lending world, there is often a fear of private roads when in fact, not all private roads are treated the same.  Each of the traditional loan guidelines have varying guidelines which I’ve outlined below. FHA defines access to … Continue reading

NEW VA REFINANCE GUIDELINES EFFECTIVE FEBRUARY 16, 2019

In an effort to take better care of our active duty service members and Veterans, VA has made some significant changes to both the IRRL (interest rate reduction refinance loan) and the cash-out refinance options. Historically, almost immediately upon closing … Continue reading

HOW MILITARY DECIDE TO RENT OR BUY A HOUSE

No limits using VA loan eligibility For many things in life, being a good consumer is a benefit. Learning everything one can about a product or service helps to ensure several things: good value, good service and a more positive … Continue reading

FIRST TIME HOMEBUYERS THIS ….. THIS ONE’S FOR YOU!

WASHINGTON STATE HOUSING FINANCE COMMISSIONHOMEOWNERSHIP PROGRAMS The WA State Housing Aurthority has announed it’s new House Key Opportunity program effective August 15, 2012 with interest rates for 1st time homebuyers as follows: FHA, VA & USDA Rural Development Loans: 2.5% with a 1% Origination fee … Continue reading

YES, THERE ARE FUNDS AVAILABLE FOR 1ST TIME HOMEBUYERS WHO NEED DOWN PAYMENT ASSISTANCE!

YES, THERE ARE FUNDS AVAILABLE FOR 1ST TIME HOMEBUYERS WHO NEED DOWN PAYMENT ASSISTANCE!

First time homebuyers who meet the program guidelines, may be eligible to obtain below market interest rates for their 1st mortgage with the option to also obtain a 2nd mortgage to cover down payment, closing costs and/or prepaids.   By definition, if you … Continue reading

EVER WONDERED HOW LONG YOU MUST WAIT TO OBTAIN A NEW MORTGAGE?

If you’ve filed bankruptcy, gone through a short sale or had a home foreclosed, the following timelines broken down by loan program will give you a snap shot of how long it may take before you are eligible to obtain a mortgage.   … Continue reading