by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Mortgages + Lending
Did you know the government will give you the money to renovate a FHA home? One of the most overlooked FHA programs, the 203(k) loan, can help if buying a home that needs work using a FHA loan. 203(k) loans are the Department of Housing and Urban Development’s...
by kramoltz@hotmail.com | Feb 28, 2015 | Home Buying, Mortgages + Lending, Selling Your Home
There is good news from the Federal Housing Administration (“FHA”) for real estate investors. Late last month Commissioner David H. Stevens extended FHA’s temporary waiver of the agency’s “anti-flipping rule.” Flipping is the practice of selling a home in...
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Short sales are a fact of life in Arizona residential real estate. A short sale is defined as the sale of a property, resulting in a payoff of less than the total amount owed, in lieu of a foreclosure or to permit a sale. If you are the next metro Phoenix homeowner to...
by kramoltz@hotmail.com | Feb 26, 2015 | Home Buying, Mortgages + Lending
As of July 1, select home buyers in Maricopa County can take advantage of the Your Way Home AZ program. An offshoot of the HUD for Home Purchase Assistance project, the state version provides eligible buyers with up to 22% of a home’s purchase price. The statewide...
by kramoltz@hotmail.com | Feb 24, 2015 | Mortgages + Lending
Good news on the lender front. First, HUD has reinstated the higher limits on FHA loans that expired 1/1/09. The limit for this government guaranteed loan was $346,250 last year for a single family home. But on 12/31/08, that amount lowered to $271,150.00. The impact...
