This’ll be a short Blog entry, but well worth the read! Supplement bill HR 5017 (The USDA Bill) Rural Housing Preservation and Stabilization Act of 2010 has passed the House! The majority of the House (85%), voted in favor of HR 5017. Once the bill passes the Senate and is signed into law by the [...]
Archive for April, 2010
USDA Funding passes the House…now onto the Senate.
Posted in Misc, USDA on April 27, 2010 | Leave a Comment »
USDA Funding Headed to House for Vote
Posted in Misc on April 23, 2010 | Leave a Comment »
AMERICA, we have some good news! There may be some major changes to the USDA 100% Loan Program in the coming weeks/months. Below is the letter concerning Kanjorski’s Bill. April 22, 2010 KANJORSKI BILL PRESERVING AFFORDABLE MORTGAGES IN AMERICA’S HEARTLAND PASSES IN COMMITTEE Washington, DC – Today, the House Financial Services Committee unanimously passed H.R. 5017, [...]
Tax Credit Helps National Sales
Posted in Misc on April 23, 2010 | Leave a Comment »
New-home sales surge 27% to 411,000 pace – Boosted by a soon-to-expire $8,000 and $6,500 Tax Credit, low mortgage rates and favorable weather, sales of new homes surged 27% in March to a seasonally adjusted annual rate of 411,000 after hitting a record low in February, the Commerce Department estimated Friday. It was the [...]
Another USDA Funds Update!
Posted in USDA, tagged 000 tax credit, FHA, USDA, VA First time home buyer $8 on April 19, 2010 | Leave a Comment »
Early last month we were told by a few USDA officials that the funds may not last through the end of April. With the new bill being introduced to Congress (http://oregonfhaloans.wordpress.com/2010/04/14/usda-update-and-its-a-good-one/) we may not have any funding lapses anyway. With that said, here is an update on the 2010 Fiscal Year Funds: The total amount [...]
USDA Update…and it’s a GOOD one!
Posted in Misc on April 14, 2010 | 1 Comment »
Capito Introduces Bill to Continue Access to Home Ownership in Rural Communities Legislation Would Increase USDA Rural Housing Loan Guarantee Program’s Capital Reserve Washington-Rep. Shelley Moore Capito, R-W.Va., the Ranking Republican Member of the House Financial Services Subcommittee on Housing and Community Opportunity, yesterday introduced legislation in the House Financial Services Committee to shore up [...]
Your Credit Score!
Posted in Misc, tagged Credit, FHA, Keizer, Mortgage, Preferred, Salem, Tac Credit, USDA on April 12, 2010 | Leave a Comment »
Score: What is it Good For? The Elements of a Credit Score A credit score is an extremely important financial tool. It provides access to the financing you need in order to buy a car, a home, or pay for college tuition, among other things. Since higher scores equate to lower costs and vice versa, [...]
Top 7 Reasons to Buy Your First Home Today
Posted in Misc, tagged FHA, Home Loan, Keizer, Mortgage, Oregon, Preferred, Salem, Tax Credit, travis-approves.com, USDA, Zero Down on April 12, 2010 | Leave a Comment »
1. Free Money. April 30, 2010 is the last day to enter into a home purchase contract and still potentially qualify for a federal income tax credit of up to $8,000 for first-time homebuyers and up to $6,500 for repeat homebuyers. The credit can be claimed only on contracts that close by June 30, [...]
Rates remain strong!
Posted in Misc, tagged FHA, Homes for Sale, Keizer, Oregon Mortgage Rates, Salem, USDA, Zero Down Payment on April 9, 2010 | Leave a Comment »
Rates Lower After Strong Auction Demand…. · Although this week’s economic data was generally stronger than expected, it was overshadowed by solid demand for the Treasury auctions and intensified concerns about the economic situation in Greece, which helped mortgage markets. After reaching the highest levels since August, mortgage rates ended a little lower than where [...]
USDA Funds still available…for now.
Posted in Misc on April 6, 2010 | Leave a Comment »
USDA FUNDING Funding Information as of: April 6, 2010 USDA Guaranteed Rural Housing Funds Utilization Data Total FY10 Allocation YTD FY10 Obligations Total Available Funds* Available Purchase Funds: Available Refinance Funds: $13,533,663,697 $10,888,061,403 $2,645,602,294 $2,548,636,600 $96,965,694 *Note: In addition to these general [...]
Buying a home…you can afford
Posted in Misc on April 5, 2010 | Leave a Comment »
This evening I had a late appointment in the office. As most clients do, mine were worried about qualifying for their new home. As always I asked my borrowers “what have you budgeted for your payment and what do YOU feel comfortable paying each month?” I’m astonished that most borrowers have not discussed this with [...]
