Non-Occupying Co-Signers Are On The Increase for Purchase Transactions In Tampa Non-Occupying Co-Signers - FHA allows a direct family member to co-sign with the buyer and still live at another property even if it is located in another State. This allows individuals who are directly related to buyers with high Debt-To-Income Ratios to Co-Sign and add additional income to the application in an effort to bring the ratios in-line with the lenders guidelines. The Non-Occupying Co-Signer can also gift the buyer the money for the down payment or simply pay it out of their own funds. A Non-Occupying Co-Signer has been a popular sales tool for my Realtors who cater to younger first time buyers who's incomes are still fairly low but who's parents are more then happy to help their children quali... 08/08/2011

The FHA 203k Construction and Rehabilitation Loan Programs In Lakeland Florida will be one of the most desired loan programs being offered for the next 3 to 5 years on bank owned and foreclosed properties. The FHA 203K is designed to allow buyers to purchase a home and borrow additional money to make improvements to the property up to a total acquisition amount of $303,000. The program only requires a down payment of 3.5% of the total acquisition cost. Example:         Sales Price                     $270,000.                        Improvements                $33,000.                      ____________________________                       Total Acquisition              $303,000.                        Down Payment (3.5%)     $10,605. AS-IS Feature This program is specifically designed... 03/14/2011