If you are considering the purchase of a home, you know that there could be a downpayment requirement (unless you are a Veteran, or you are purchasing in a rural area that qualifies for USDA …
Veterans get a Tax Credit Extension, what about the rest of us??
On October 11, 2009 the Congress agreed to extend the $8000 Tax Credit for First Time Homebuyers for any Veteran who served at least 3 months of "Qualified Overseas Duty" in 2009 for another 12 …
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Could FHA Force Green Homeownership?
President Obama, and most of the rest of us are thinking Green is Good, and in an Executive Order issued earlier this month, he required that all Federal Agencies must do everything possible …
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FHA Downpayment Going to 5% ??
The US Congress is busy trying to figure out how to regulate the Mortgage Banking Industry so that another Subprime Meltdown never happens, and that is a good thing. But, they are the Government, …
Using 401K Funds for Downpayment on FHA
FHA Home Loans require a 3.5% downpayment. There are not requirements that you purchase in a specific spot (like there are for USDA Home Loans) and you do not have to be a Veteran (like VA Homes …
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VA Loans – Cheaper if you make a Downpayment
There are GREAT VA benefits, but most Veterans we talk to never mention them to their loan officer! That's a shame, because there are many times when it might make sense to do a VA home loan as …
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