Ryan Morrow's (rmorrow) Blog

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Mortgage and Lending - Sierra Pacific Mortgage Company
RECENT BLOG POSTS
If you have recently purcahsed a house and paid all cash at closing you can still get your equity back out. Fannie Maes Delayed Financing program will allow you to pull some of your initial investment out of the home you just purchased in cash. In the past you needed to wait 1yr to qualify for a ...
01/03/2014
FHA loan limits are now reduced to $625,500 but what about VA? VA in Los Angeles County will be $687,500, $556,250 in Ventura County and $417,000 in Kern County for 2014. The maximum guaranty amount for loans over $144,000 is 25 percent of the 2014 VA county loan limit shown below. Veterans with ...
01/03/2014
  Ryan MorrowLoan OfficerFrost Mortgage Lending GroupPhone: (661) 992-2216Fax: (866) 890-0544ryan_morrow@frostmortgage.comwww.morrowmortgage.com   New HUD Policy Created to Allow Quicker Foreclosure Re-sales! Effective February 1, 2010 the Department of Housing and Urban Development (HUD) will r...
01/20/2010
Changes to FHA loans are headed our way this summer. The up front mortgage insurance premium (Financed back into the loan) will be changing from the current 1.75% to 2.25%. There is also a change to the seller credit for FHA loans, currently we are sitting at 6% in allowable seller credit toward ...
01/20/2010
Ryan MorrowLoan OfficerFrost Mortgage Lending GroupPhone: (661) 992-2216Fax: (866) 890-0544ryan_morrow@frostmortgage.comwww.morrowmortgage.com   Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers. The purpose of ...
01/12/2010
Homebuyer Tax Credit Update! On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time. TAX CREDIT OVERVIEW Who Gets What? First-...
11/06/2009
Senators agree to extend homebuyer tax credit By STEPHEN OHLEMACHER (AP) - 1 hour ago   WASHINGTON - Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. The tax credit provides up to $8,000 to first-time homebuyer...
10/29/2009
Congratulations to Mr. and Mrs. Corbett on their new home purchase. I hope you find this home to be perfect for years to come.    Opened escrow on 9/23/09 and funded 10/22/09... that is 23days using FHA financing on a short sale, way to go Team!   Ryan Morrow Loan Officer Frost Mortgage Ryan_Morr...
10/22/2009
Congratulations to Mr. Rugira on your new home... after 1yr of looking for the right place to move your family into.... numerous offers... you now have a home of your own. Congratulations to you and your family. It was a pleasure serving you.   Ryan Morrow Loan Officer Frost Mortgage Ryan_Morrow@...
10/22/2009
DU 8.0 changes are headed our way. One of the major changes will be to the DTI limits allowed on AUS desicion loans. 45% will be the standard with DU allowing up to 50% with strong compensating factors. If you are looking to buy this year you need to get with your loan officer very soon to make s...
10/06/2009
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Ryan Morrow

Ryan Morrow Branch Manager Sierra Pacific Mortgage
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