Minimum Down Payment, Maximum Sellers Assist Series 4 of 5: VA Loans
Tuesday, 10 May 2011
VA LOANS (VETERANS ADMINSTRATION) VA loans (for 1 to 4 unit residential owner occupied properties) are underwritten and originated to VA criteria and are guaranteed by VA for borrowers who are eligible thru military service. A certificate of eligibility is issued by VA indicating the amount of VA guarantee. The percentage of the loan that
- Published in Home Buyers
Minimum Down Payment, Maximum Sellers Assist Series 3 of 5: FHA Loans
Monday, 09 May 2011
FHA LOANS (FEDERAL HOUSING ADMINSTRATION) FHA loans are loans that are underwritten by direct endorsed FHA lenders and underwriters to meet FHA credit, borrower, and minimum property requirements (1 to 4 unit owner occupied properties). In exchange, FHA/HUD provides explicit government guarantee on the loan in the form of Mortgage Insurance (MIP). FHA loans have
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Minimum Down Payment & Maximum Seller’s Assist Series 2 of 5
Friday, 06 May 2011
CONFORMING CONVENTIONAL LOANS: Conforming loans are loans underwritten to meet guidelines of Fannie Mae and/or Freddie Mac, whom provide an implicit form of government guarantee. On conforming loans, it is Fannie and Freddie who dictate the requirements for minimum down payment, allowable sources of buyer down payment, and maximum seller assist limits. Standard conforming limit
- Published in Home Buyers
Minimum Down Payment & Maximum Seller’s Assist Information Series 1 of 5
Thursday, 05 May 2011
General Information about Seller’s Assist Seller Assist (aka Seller Credit) is payment by seller or builder of settlement costs that are normally paid by the buyer. Any closing costs that are normally paid by the borrower are considered contributions if they are not paid by the borrower. Contributions toward any of the following are included
- Published in Home Buyers
4 Keys to Selling in Today’s Market
Wednesday, 04 May 2011
Home sales and prices are still dropping around the country as huge inventories of foreclosures and short sales continue to weigh on many markets. So how can traditional sellers stand out in a crowded real estate marketplace? CNNMoney.com recently highlighted several keys to getting a home sold in a tough real estate market. 1. Cut
- Published in Home Sellers
Showing Appointments are up 16% in April 2011 vs. April 2010
Friday, 22 April 2011
April 2010 vs. April 2011: Numbers are louder than words. There are more showing appointments for houses currently on the market in Chester, Delaware & Montgomery Counties, PA, this April than in 2010. Last year, the tax credit drove many buyers out into the market, this year, with no tax credit, homebuyers are still active
- Published in Home Buyers, Home Sellers
Valley Forge Educational Services presents a Special Concert for Special Children
Thursday, 21 April 2011
Valley Forge Educational Services (VFES) is a recognized and respected provider of educational, professional, and personal solutions for families, practitioners, and organizations that need services or guidance in addressing the needs of children with learning challenges. Services include school-year and summer educational programs, strategic consulting, clinical and child development services, conference planning, grants research, and
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Who can be on the title-refresher?
Tuesday, 12 April 2011
The following is a guide for borrower/title relationships allowed for conventional, FHA and VA loans. CONVENTIONAL Loans: • There does not need to be any relationship between occupant borrowers on a loan. • A person may be in title without being a borrower on the loan. • There should be a documentable relationship between borrower
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Buyers Ready to Snatch Bargains This Spring
Sunday, 10 April 2011
Bargain prices on housing combined with low interest rates below 5 percent may bring the real estate market its busiest spring season in years, economists say. Distressed sales continue to put downward pressure on home prices, which may lure more buyers off the fence and ready to snag a deal during the typical prime-time buying
- Published in Home Buyers