The Specialist in Seattle Real Estate
Today FHA announced some big changes to their condo financing guidelines, which will be effective immediately. Calculations for owner-occupied percentages are changing, and second homes will no longer be counted against the 50% owner-occupied requirement. Insurance requirements are also being adjusted to allow more developments to qualify. Also, a new streamlined recertification process has been …
With Tax Day 2010 behind us, Americans can begin the countdown until April 15, 2011. For millions, the passing of this year’s taxes closes the door on the homebuyer tax credit but for hundreds of thousands of qualified service members, the deadline is more than a year away. Members of the Foreign Service, Armed Forces …
Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, announced today that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. He made these remarks in an address this morning at The Real Estate Summit: Advancing the U.S. …
Talk to any mortgage broker around Seattle right now and they will tell you they are doing way more FHA loans than they did before. Many mortgage people are doing exclusively FHA. Why? Because of low-down payments, less restrictive credit requirements, and increased loan limits that finally work in our market. Now if only agents …