Can I buy another home if my house is underwater? Did you know that about 50% of all homeowners in Arizona owe more on their current home than what the home is valued at. This is a shocking statistic, but this information becomes very important once a decision is made that you need [...]
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This will be the fourth loan in the last 12 months that I approved using some sort of down payment assistance. Even though seller assisted down payment went away using programs such as Ameridream and Nehemiah, HUD has been allowing buyers to use FHA financing with down payment assistance from a 501(c)(3) nonprofit corporation. Two [...]
Full Story »I wanted to share another success story about how FHA flexibility helped another home-buyer purchase a home. I had a client that was pre-approved for mortgage financing. The client had great credit, a stable job/income and had a clean rental record. However, the onething she was lacking was the ability to come up with the [...]
Full Story »Back in August 2008 I wrote a post (And You Really Thought You Can’t Get a Home with $100.00) about FHA HUD homes having a special deal on certain properties that allowed only $100.00 down. Well Folks FHA and HUD have decided to cancel this program for the time being. The marketing company for Hud [...]
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