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• What about FHA Loans with a cosmetic repair allotment. Is this possible?

  What about FHA Loans with a cosmetic repair allotment. Is this possible? The other day a client found a house that a builder started but didn't finish. The builder/owner was offering a credit towards completing the repairs through escrow and during Read More... Posted Tuesday, June 28, 2011 6:12 PM by Elisa Uribe | 1 Comments Filed under: FHA financing, FHA guidlines, loan application, home loans

• Mortgage Lending is tightening it's purse strings again...

  TEMPORARY CONFORMING LOAN LIMITS EXPIRE SEPTEMBER 30TH , 2011 Conforming Loan Limits were originally raised in February 2008 as part of the economic stimulus package. The Federal Housing Finance Agency is expected to reduce conforming loan limits on mortgages Read More... Posted Thursday, June 9, 2011 12:38 PM by Elisa Uribe | 0 Comments Filed under: loan application, loan limit changes, ayata colbert

• Good Faith Estimate Form Now In Effect For Homebuyers!

  RESPA is a HUD consumer protection statute that outlines closing and settlement costs and requires disclosures to be given to the consumer throughout the purchasing process. Here is a recent mandate (as of January 1st 2010) which benefits consumers during Read More... Posted Monday, January 11, 2010 10:49 AM by Annie Tegner | 0 Comments Filed under: mortgage, origination fee, loan application, good faith estimate