RECENT BLOG POSTS
If you have never applied for an FHA appraisal-required refinance loan before, you probably have plenty of questions about program basics. How long can the new loan be? Can I re-use a previous appraisal? What is the maximum loan amount? The answers to these questions can be found in HUD 4155.1 Ch...
03/17/2015
A reader asks, "How long do FHA Appraisals stay with the property in Georgia?" A search of the FHA official site at www.FHA.gov reveals a Frequently Asked Questions page that answers this query, but know that this FHA loan rule applies to all FHA loan appraisals, not just those that are complete...
03/06/2015
A reader asks, "Hi. My wife and I are planning to buy a house. My wife has a stable job for six years as registered nurse and I is currently a homemaker. Both of us has credit score of 720+ and we never missed a single payment in our credit cards and personal loans. What is our chance to be appro...
02/26/2015
A reader asks, "I have a grand daughter who is looking to buy a fore close house asking only 12, 000.00.. Is there a program out there to help her. some one had started doing repairs to the house. a new bathroom, up dated kitchen tile kitchen and bathroom floors. She wants to use this property a...
02/20/2015
A reader asks, "We have applied for a FHA loan and until yesterday, had no idea that that someone had filed a tax return under my social security number back in 2012. I have submitted the proper forms to the IRS, and they have my accurate 2012 tax return on file. Because I submitted the tax retur...
02/07/2015
A reader asks, "Is there a cap on fees a broker can be compensated for their part on a HECM loan, and if the lender list origination fee that is clearly greater than the $6000 max, which includes the broker compensation paid by the lender. My question is is the lender in violation of the origina...
01/21/2015
When the FHA announced mortgage insurance premium cuts in the annual, mortgage insurance premium (MIP), there was a preliminary announcement on Thursday January 8th, with details promised to follow. Now the FHA has issued a Mortgagee Letter announcing specifics of those MIP cuts. FHA Mortgagee L...
01/10/2015
A reader asks, "My husband and I were just approved for a FHA loan or a RD loan, but we are being told the house doesn’t qualify because the basement only has small windows (no step outs and no door leading outside). The basement contains two bedrooms, a living room and a laundry room. Is there a...
01/02/2015
A reader asks, "I filed bk 25 months ago, and then short saled by home which was included in my bk 13 months ago. I now have a mortgage for 13 months under a second chance mortgage with an interest rate of 8.9 is there any way i can use my va loan to refinance now or do i still have to wait anoth...
10/16/2014
The VA Loan Funding Fee is one of the expenses of getting a VA loan. All VA loan applicants pay this fee unless they are exempt because the receive or are eligible to receive VA compensation for service-connected medical conditions. For new purchase home loans, there is a VA loan funding fee tabl...
08/27/2013
Rainmaker
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BruceReichstein

VA / FHA Construction Lending / Nationwide
local_phone281-398-6111
local_phone800-518-0099
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