fha: FHA Numbers to Remember: Here is the White House Post on FHA Streamlined Refis - 03/06/12 02:47 PM
BELOW IS THE DATA SHEET RIGHT FROM THE WHITE HOUSE:
KEY POINT: APPLIES TO REFINANCES OF LOANS ORIGINATED BEFORE 6/1/2009.
KEY FHA NUMBERS TO REMEMBER: (assuming 96.5% loan)
Upfront MI:  Was: 1.0%    Will be 1.75%, but STREAMLINED ONLY 0.1% !!!Annual MI:   Was: 1.15%  Will be 1.25%, but STEAMLINED ONLY 0.55% !!!
Now from the White House:
Reducing Fees for FHA Borrowers Seeking to Refinance – Saving Homeowners Hundreds of Dollars A Year
The FHA offers a streamlined refinancing program to allow borrowers with FHA-backed mortgages to refinance their loans at lower cost and with fewer burdens. This program has helped … (0 comments)

fha: FHA Limits Expanded Today - 11/18/11 03:48 PM
It's Official: Congress Passes And Obama Signs into Law the FHA Loan Limit Hike
 
What does this mean to Central Oregon?
 
First, note that this bill is lifting the FHA loan limit. In fact, congress considered and specifically excluded increasing the Freddie Mac and Fannie Mae loan limits. This means that limits for loans guaranteed by FHA (requiring mortgage insurance even if you are putting 20% down) will rise.  For some high cost areas (like the San Francisco bay area) it will rise as high as $729,750 where it was earlier this year.
 
But in Bend and Central … (0 comments)

fha: Commercial and Residential Loan Programs Available in Bend, Oregon! - 07/13/11 07:53 PM
Here’s some good news! Check out this list of deals for what Signet Mortgage can do for you and your clients: Commercial: - Construction completion bridge-loan for a specialty retail outlet in Central OR - Start up restaurant, commercial real estate - retail purchase - Franchise, quick-serve restaurant, real estate and franchise purchase - Refinance of light-industrial, sport complex to a 10-year fixed rate - Purchase of a business opportunity, franchise fast food operation, no real estate - Refinance of an owner-user medical building, borrower has previous deed-in-lieu on residence - Permanent financing, owner-user movie theater, 3 months post construction - … (0 comments)

fha: FHA Announces Support for Flips and That They're Keeping the 3.5% Down! - 01/25/10 10:38 AM
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fha: News in Real Estate Abounds and Even Bigger Than... - 11/02/09 10:52 AM
Plenty of news from last week and I mean even bigger than the Ducks’ smothering of the overmatched Trojans.
In FHA and FNMA home financing news, the High-Balance Conforming Limits that were set to expire this year have been extended through all of 2010.  This is big residential real estate news.  This legislation means that Central Oregon FHA limits will remain at $417k rather than rolling back to the ~$300k level they were headed for.  And for Fannie Mae loans, while the difference in OR between “standard” conforming ($417k) and “high-balance” conforming ($447k) is minimal, the difference in markets that often … (0 comments)

fha: Unemployment or UNDERemployment? - 10/08/09 09:11 AM
So is it really the unemployment number or the UNDERemploymnet number that keeps buyers out of the market?

First let’s look at jobs and inflation data.  The Jobs report on Friday was a bit of a surprise with fewer jobs lost (216,000 non-farm payroll) than expected (250k) and fewer than any month in the past year.  Many are taking this as another sign that we are near or at the bottom of the recession.  The turnaround call could be correct as the employment numbers always lag quite a bit and will continue to worsen even as GDP starts to rise. … (2 comments)

 
Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional (Signet Mortgage) Rainmaker large

Dave Woodland

Your Bend, OR Friendly, Knowledgable Mortgage...

Bend, OR

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Signet Mortgage

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