NEW REFINANCE OPTIONS If You Owe More Than the Home’s Worth

FHA has launched a refinancing program to assist homeowners who owe more on their mortgages than their home is worth.  Beginning Sept. 7, 2010, the agency will offer qualified non-FHA borrowers the opportunity to refinance with an FHA-insured mortgage on their primary residence.  Borrowers must be current on their existing mortgage, qualify under FHA underwriting requirements, and have a credit score of at least 500.

The Low-Down on FHA Loans

RISMEDIA, July 1, 2010–FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA).

Help for REAL ESTATE INVESTORS Looking to Flip Homes

Federal Housing Administration is changing what is known as the “anti-flipping rule” to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes, says FHA Commissioner David H. Stevens.  Beginning Feb. 1, 2010, the Federal Housing Administration will provide mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.  This is great news for investors that want to rehab a home and sell it to a buyer that wants to receive the Homebuyer Tax Credit before it expires on April 30, 2010 (view this link, http://www.marealtor.com/content/Homebuyer_Tax_Credit.htm, for more details on the tax credit).

How to Get Money to Purchase AND Renovate Your Home

The Federal Housing Administration is encouraging use of its little-known 203(k) loan program.

The 203(k) lets an owner-occupant borrow money for both the purchase and renovation in one loan, and put down only 3.5 percent.

FHA BUYERS - More Details on Using the Tax Credit for Your Downpayment/Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

What to Know About FHA Loans

Is FHA the right choice for you as you purchase your first or next home?  It just maybe. 

Although FHA-insured loans lagged during the housing boom, theyare skyrocketing now because of the low downpayment needed.   What do homebuyers need to know?  Click here to learn more about the FHA process: What to Know About FHA Loans 

THINKING ABOUT A FHA LOAN? Here’s What You Need to Know

Despite the ups and downs of the real estate market of 2008, for many, the American Dream is still homeownership.  If you want to make this dream a reality in 2009, but have little cash for a downpayment, a FHA Loan may be just for you.

Don’t Miss Sandy Springs’ Real Estate Auction

Have you been dreaming of owning an upscale townhome in the Perimeter area?  Well now is the time to own real estate in the exclusive community of the Promenade at Northplace, located in Sandy Springs directly off GA 400, off Barfield Rd. between Abernathy and Hammond Drive.  This is even better than a foreclosure because these homes have never been lived in!

What the Housing Bill Means For Your Money, Part 1

Ready to purchase the lavish real estate in Sandy Springs and Metro Atlanta?  Well the rules to do so are changing quickly.  Stay informed and prepare yourself for the good, the bad, and even the ugly.

Adapted from Breaking Down the Housing Bill, Part 1 as published at http://scooparoundatlanta.wordpress.com/2008/08/20/breaking-down-the-housing-bill-part-1/