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Archive for the ‘home financing’ Category

New FHA Rules Will Cost Some Athens Ga Real Estate Buyers More in the Coming Months

Posted in Athens Ga Real Estate, Buying A Home, fha, home financing, Oconee County Ga Real Estate, Oglethorpe County Real Estate on 03/31/2010 | Leave a Comment »

New FHA rules are going to cost some borrowers more money up front when getting an FHA loan. On Apr. 5, 2010, buyers who want an FHA loan will be required to pay an upfront Mortgage Insurance Premium (MIP) of 2.25% of the loan instead of 1.75%. This will result in an extra $750 required [...]

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New FHA Financing Requirements: Will They Affect You Buying or Selling a Home in and Athens Ga

Posted in Buying A Home, fha, home finance, home financing, Rural Development Loans, Selling Your Home on 01/21/2010 | Leave a Comment »

The FHA (Federal Housing Administration) has made some changes to it’s home financing requirements that may have an impact upon home sales and purchases. The changes involve credit scores, mortgage insurance and seller contributions. Previously, the FHA did not have a minimum credit score requirement. The new guidelines require a minimum credit score of 580. [...]

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Thinking of Buying a Home – How Much Home Can You Afford

Posted in Buying A Home, home finance, home financing on 04/21/2009 | Leave a Comment »

If you are thinking of buying a home you really need to understand how much home that you can afford. Not how high a payment that you are comfortable with, but how high a payment that your lender and loan type/underwriter thinks that you can afford. And, you should find this out before you look [...]

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Home Financing – The USDA 100% Rural Development Loan

Posted in Buying A Home, home financing, Rural Development Loans on 04/14/2009 | Leave a Comment »

A few weeks ago I wrote an article about the types of financing available in today’s market. Today, I would just like to expand on just one of those types, USDA Rural Development loans. The U.S. Department of Agriculture is also in the home loan guarantee business, just like the V.A. Under it’s Rural Development [...]

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Buyers – There is Still Money Out There for a Loan – Financing Options

Posted in Athens Ga Real Estate, Buying A Home, credit, home finance, home financing on 03/18/2009 | Leave a Comment »

With all of the focus on how tight credit is, you may believe that there is no money out there for a home loan. If that is the case, you are believing wrong. There is still a lot of money available and a lot of lenders who will make that loan. There are even some [...]

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