Monthly Archives: October 2011

OHFA CREDIT SCORE UPDATE

The Ohio Housing Finance Agency has updated it’s credit score requirements with all loans reserved beginning November 1, 2011: All unassisted loans require a  620 score All assisted loans including Grants for Grads with the forgiveable 2nd mortgage require a … Continue reading

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New Home Affordable Refinance Program (HARP)

The Federal Housing Finance Agency has announced the following changes to the Home Affordable Refinance Program (HARP). The press release states the program will include: Eliminating certain risk based fees for borrower who refinance into a shorter term mortgage and … Continue reading

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Building your dream home

So you’ve decided to build your dream home- congratulations!! First Place bank does construction lending with as little as 5% downpayment of the total project (land cost+cost of construction) for borrowers with good credit scores. You’ll have up to 12 … Continue reading

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