Archive for the ‘Big Changes’ Category

February 12, 2010 0

HVCC on FHA Loans

By Scott in Big Changes

It’s official…FHA is adopting the same basic premise as the HVCC ruling on Conventional Mortgages.
We posted on May 1, 2009 about HVCC on Conventional loans which stated:
Up until now the loan officer had the control to select an appraiser they felt had the best ability to appraise the house that would be used for the [...]

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February 5, 2010 0

Why Buy Now?

By Marla in Assistance, Big Changes, FHA, Special Programs, Taxes

We generally write about specific programs, changes and situations, but I want to recap some of the thingsI feel are important to consider in today’s market.  Let’s look at the reasons to buy now.

Long term mortgage rates are at 20-30 year lows

According to Freddie Mac, in a press release yesterday, the average rate on a 30-year fixed mortgage was [...]

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February 1, 2010 1

CHFA FirstStep NOW Available

By Scott in Assistance, Big Changes, Qualifying

On January 28 we first told you about CHFA’s FirstStep and FirstStep Plus programs that were going to be available February 1, 2010.  It is now February 1 and we wanted to let you know the details of the program.
CHFA FirstStep
Through the sale of non-taxable mortgage revenue bonds, CHFA is able to offer mortgage rates [...]

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