Monthly Archives: January 2010

Homebuyers seminar

Whether you are a first time buyer or move up buyer, you can benefit from the information at this seminar! Get your financing & tax credit questions answered! Even if you’ve bought a home in the last 5 years & … Continue reading

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First Place Bank has USDA Rural Housing loans

First Place Bank has 0 down payment USDA Rural Housing loans! This program along with VA loans is the only loan program that allows for 0 downpayment & 0 PMI! Program availability is based on property location,  household income & … Continue reading

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FNMA offers closing cost & appliance incentive

To encourage the sale of REO (real estate owned)  properties, FNMA has announced a 3.5% of the final sale price incentive to buyers of FNMA REO’s for closing costs and/or Whirlpool appliances. Buyers must have contracts accepted on or after … Continue reading

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FHA Changes

HUD announced changes to the Upfront mortgage insurance premium charged to borrowers utilizing FHA financing.  The premium is currently 1.75% of the base loan amount  & is being raised to 2.25%  effective with all case numbers ordered on or after … Continue reading

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FHA Loan Changes announced

HUD announced FHA loan changes to take affect later this spring-early summer. They are *Raise Upfront mortgage insurance premium (financed) from 1.75% of base loan amount to 2.25%. *Seller contribution to pay buyers closing costs will be reduced from 6% … Continue reading

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