fha loan products: UNDERWRITING REALLY ISN’T THAT MYSTERIOUS BUT IT’S NOT STANDARD BY ANY MEANS EITHER - Part 3 - 05/28/10 02:42 PM
In Part 1 and Part 2, I discussed the trials and tribulations of getting financing for a condo purchase as well as some of the problems with verifying a borrower's employment.  In Part 3, I want to address something that Ralph Gorgoglione had asked about in his post and that was the new documentation requirements for FHA.
The truth is that there isn't really any new documentation being requested by just FHA (except in property flips) but to those Realtors who are not familiar with an FHA transaction, the additional documentation required by FHA may seem like new documentation requirements. 
While there … (12 comments)

fha loan products: ATTENTION LOS ANGELES COUNTY HOME BUYERS: An Affordable Option to Condo Purchases That Doesn’t Have to be FHA Approved – Part 1 - 03/26/10 11:08 AM
An Affordable Option to Condo Purchases That Doesn't Have to be FHA Approved 
 
You've applied for a mortgage, you've provided all of your documentation and you've been pre-approved for a loan.  However, based on what you've been pre-approved for, all you can afford to purchase is a condo. 
That's ok though, you don't need much and you just want to be able to buy your own place so that you can stop throwing your money away on rent - right?
 
Unfortunately though, purchasing a condo these days has become incredibly challenging.  Based on the FHA loan that you've been … (13 comments)

fha loan products: ATTENTION LOS ANGELES & VENTURA COUNTY FIRST TIME BUYERS: FHA Waives 90-Day Seasoning Guideline - 01/19/10 06:23 PM
I subscribe to the daily webcasts of Think Big, Work Small (TBWS), which is hosted by these two guys, Brian Stevens & Frank Garay.  TBWS was founded a couple of years ago by a bunch of real estate and mortgage people who wanted to teach others in the business how to work smarter to grow their business.
Today's video was especially interesting because it talked about how FHA will now be waiving the 90-day seasoning rule starting February 1st.  What does that mean for first time buyers here in Los Angeles & Ventura counties? It means that there are going to be … (5 comments)

 
Donne Knudsen, CalState Realty Services (Los Angeles & Ventura Counties in CA) Rainmaker large

Donne Knudsen

CalState Realty Services

Simi Valley, CA

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Los Angeles & Ventura Counties in CA

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