Archive for the 'Mortgage news' Category
Special Loan Incentives for Buyers this month!
April 14th, 2011 categories: Mortgage news
There are so many incentives for first-time buyers, and the home prices are so low!
Hawk perched in the tree on the American River Bike trail
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According to the Daily Real Estate News Fannie Offers Closing Cost Help for REOs
Fannie Mae is trying to lure more buyers to its foreclosure properties by offering to cover 3.5 percent in closing costs for home owners who close by June 30 on its HomePath properties.
Fannie’s HomePath program provides low down payment financing on REO property sales and has no requirements for mortgage insurance or appraisals. During the fourth quarter of last year, Fannie offered closing cost assistance and was able to recoup 55 percent of unpaid principal balance on defaulted mortgages through the sales. Source: “To Move REO, Fannie Offers Deals to Consumers,” National Mortgage News (April 12, 2011) For more information on Sacramento real estate, please contact Carmen at 916-342-2446 , or e-mail at carmen@carmenmicsa.com. Also to receive free listings, go to www.Dynamicsacramentohomes.com. And last, but not least be sure to ask for your 7-night cruise when buying with Carmen and her team of experienced agents. Also ask us how you can get $500 credit or more towards your closing costs for all homes priced $100,000 and above. Some restrictions apply. |
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Sacramento buyers on alert! FHA/VA guidelines changes!
February 24th, 2009 categories: Mortgage news
The frenzy of getting into contract by Friday can drive a buyer insane, as the new FHA/VA loans guidelines have changed this week unannounced.
Luckily, after submitted many offers for my first-time buyer, we were able to get accepted on a house, so now my buyer who does not meet the new guidelines is relieved and excited to get into her first home.
If your credit score is not quite up to par, then you should act quickly to get into a home under the old FHA/VA program that allowed borrowers to get approved for the loan even with a lower score. Read the rest of this entry »
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Mortgage rates lowest since February of this Year
September 25th, 2008 categories: Mortgage news
Following the take over of Fannie Mae and Freddie Mac by the Government on September 7th interest rates have dropped to a seven month-low fueling a brisk refinancing activity, as well as getting buyers sitting on the fence serious about buying.
Moreover, rates have dropped consecutively in the last two weeks, going from 5.93% last week to 5.78% this week for a 30-year fixed rate. Read the rest of this entry »
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