Rodney Mason - Conv, FHA, VA, USDA, Renovation

Today 's market was once again a wild ride.  The Federal Open Market Committee (FOMC) released a statement Wednesday afternoon that sent Treasuries and mortgages rallying.  There was no change in overnight rates though.  The committee said state that it would keep short term rates at these levels...

The US Department of Agriculture has plenty of funds left for Fiscal Year 2011.  The below announcement was released last week by the department.   August 4, 2011   GUARANTEED LOAN FUNDING UPDATE:    OVER $11.2 BILLION DOLLARS AVAILABLE FOR GUARANTEED LOANS!   The Single Family Housing Guaranteed...

For buyers using the GA Dream Down Payment Assistance program, there are a variety of underwriting guidelines that the borrower must meet.  Two of those are credit score and debt to income ratio (DTI).  Like every mortgage loan program, GA Dream has a minimum credit score for each borrower.  They...

GA Dream Hazard Insurance for Coastal Areas of Georgia All Georgia Dream Loans must contain a home owner’s deductible clause less than or equal to $1,000. For properties located in coastal areas of Georgia, there is a new/additional Hazard Insurance guideline: Wind and Hail Coverage in Coastal Ar...

Can I purchase after a short sale in Georgia?  That is a common question on the minds of many Georgia sellers in today’s market.  The answer is, possibly.  In December 2009, HUD announced guidelines under which a seller who has completed a short sale can buy a new home utilizing FHA financing.  S...

Can I purchase after a short sale in Alabama?  That is a common question on the minds of many Alabama sellers in today’s market.  The answer is, possibly.  In December 2009, HUD announced guidelines under which a seller who has completed a short sale can buy a new home utilizing FHA financing.  S...

It was announced yesterday that Flagstar Bank intends to exit the Atlanta, GA banking market. The Michigan based bank will sell its 27 Atlanta area branches to Pittsburgh, PA based PNC Bank. The deal is set to close in December 2011. This announcement comes only a few weeks after PNC announced it...

The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750.  Of course, most counties across the country saw much lower loan limits.  Conforming loan limits, which had been...

The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750.  Of course, most counties across the country saw much lower loan limits.  Conforming loan limits, which had been...

The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750.  Of course, most counties across the country saw much lower loan limits.  Conforming loan limits, which had been...