Category Archives: Loan Programs

FHA to Change Allowable Seller Credit Amount?

Posted on January 25, 2012 by Matt Steinmetz

FHA will propose to reduce the maximum allowable seller concession from its current level to one more in line with industry norms. Continue reading →

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Government Hurts First Time Buyers

Posted on January 10, 2012 by Matt Steinmetz

The bill passed in Dec. 2011 that extended tax cuts had some hidden items, of course.  One of them was the g fee which is a fee for conventional loans that is of course passed on to the consumer.  Aside … Continue reading →

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Jumbo Loan Question

Posted on December 23, 2011 by Matt Steinmetz

I am not too well versed in the servicing and secondary side of the mortgage industry so perhaps there is someone among us who can explain to me why we can’t split a Jumbo loan to be serviced by say … Continue reading →

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FHA Flipping Update II

Posted on December 23, 2011 by Matt Steinmetz

FHA flipping waiver extended Continue reading →

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FHA Home Flipping Policy

Posted on December 22, 2011 by Matt Steinmetz

In February, FHA extended the FHA property flipping waiver until December 31, 2011. As of now, this waiver has not been extended again and will expire on 12/31/11. Continue reading →

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HARP Update II

Posted on December 16, 2011 by Matt Steinmetz

The updates I received re:HARP loans are both incouraging and discouraging! They’ll raise you up and bring you down! Who knew loans could be so dramatic, like a Hollywood picture show! Continue reading →

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HARP Update Nov. 15th

Posted on November 15, 2011 by Matt Steinmetz

The HARP program has been extended through 12/31/2013.

“Fannie Mae is removing the maximum LTV ratio limit for Refi Plus mortgage loans secured by fixed-rate mortgages with terms up to 30 years.
Continue reading →

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Update on HARP and Rate Outlook

Posted on October 27, 2011 by Matt Steinmetz

Europe finds some help with the Greek debt issue which hurt U.S. mortgage rates and inflation, the enemy of mortgage rates begins to rear its ugly head! Please leave your comments here and share this with your friends via the … Continue reading →

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Down Payment Assistance with CHF

Posted on September 25, 2011 by Matt Steinmetz

YES! There are many down payment assistance programs out there… I recently took a phone call from a first time homebuyer that wanted to know if the CHF program was a reality.  IT IS!  The CHF Program is basically a … Continue reading →

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Buying Investemnt Properties With Less Down

Posted on September 20, 2011 by Matt Steinmetz

Did you know you can buy investment properties with 10 or 15% DOWN? Fannie Mae’s Homepath program allows for 10% down for investors when buying a Homepath home. Non Fannie Mae Homepath homes can use normal conventional financing with 15% down for … Continue reading →

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