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FHA Loans

Neighborhood Stabilization Program: Free money available and 1% down FHA loan

July 20, 2009 Lending Programs

There is a new program that many people have started calling the 1% down payment program. While it is true that if you qualify for the program, you can get an FHA loan with putting only 1% down, there is much more to the program than that.
The new program is called the Neighborhood Stabilization Program [...]

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Top 5 real estate posts of the day for 6/24/2009

June 24, 2009 Top Posts

1) Are any lenders doing the 8,000 tax credit monetization? – Remember all the talk about a month about about how you can use your 8000 first time home buyer tax credit towards your down payment or for closing costs? Well, while it is technically possible to do so, it looks like it is impossible [...]

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Top 5 real estate posts of the day – Thursday 5/21/2009

May 21, 2009 Top Posts

Top 5 real estate posts of the day for 5/21/2009

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Top 5 real estate posts of the day – Thursday 5/7/2009

May 7, 2009 Top Posts

I am adding new blogs to my RSS feeder every day, if you want to make sure I have yours please shoot me an email or leave a comment below. Click below for today’s Top 5.

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Mortgage insurance: Do I need it? What is PMI? Do FHA loans have PMI?

April 3, 2009 Insurance

The idea behind mortgage insurance is relatively simple: an insurance entity agrees to insure against default on a loan in exchange for premium payments.
The insuring entity may be a “private” mortgage insurance company or a government entity, but the company that issues mortgage insurance is not a lender.
Conventional loans use Private Mortgage Insurance – also [...]

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FHA Kiddie Condo Program: Great condo program for ASU students

March 6, 2009 Tempe Condos

Justin McHood at the Arizona Mortgage Team recently wrote a piece about a program called the FHA Kiddie Condo Program. The FHA loan program is a great way for parents to buy a Tempe condo for an ASU student.
The program works just like a regular FHA loan, but it does not require the borrower to [...]

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More details on the “Making Homes Affordable” program, and will it help Arizona?

March 5, 2009 Loan Modifications

Is your house under water? If so there may be new help available for you. There are two parts to the new loan modification program released by the Treasury department yesterday. The first is a loan modification program for those why may be stuck in a higher interest rate or adjustable mortgage. To [...]

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FHA increase should help with Tempe and Phoenix condo sales

February 26, 2009 Financing

Prices of condos in downtown Phoenix and Tempe have come down over the last year, but the market was hurt even more when the FHA lending limits were reduced at the end of 2008.
FHA loan limits on a condo and single family home in Phoenix and Tempe were raised last March from $263,150 to $346,250. [...]

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First time home buyer? Three great loan programs.

December 23, 2008 First Time Buyers

Thank you to Justin and Tammy McHood at the Arizona Mortgage Team for submitting this guest column.
If you are in the market to buy your first home, congratulations! In the ups and downs of the real estate cycle, we are currently in a buyers market because inventories are high and interest rates are low. One [...]

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