Tag Archive: Down Payment

Sep 16

VA Funding Fee Changes Effective October 1, 2011

VA Funding Fee Changes

Tweet Changes to VA Funding Fee! Per current United States Code and recently passed Public Law 112-026 (Restoring GI Bill Fairness Act of 2011), VA Funding Fees are set to decrease for VA transactions funded after September 30, 2011. Unless Congress passes further legislation, VA Funding fees are updated as indicated the chart below: If …

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Sep 02

Bank of America Trying to Sell What?

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Tweet It appears that Bank of America’s announcement regarding their intentions to sell the giant bank’s Correspondent Mortgage Lending division is not going to hurt any of my clients. Bank of America has been pricing themselves out of the market over the past few weeks anyway – and we have many other investors who are …

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Jul 25

Is your USDA Lender having trouble committing??

Tweet As USDA’s new fiscal year begins on 10/1 every year…the “agency” needs to reallocate funds; so (for 3-6 weeks) most mortgage companies will not be accepting USDA applications. I’m happy to announce that we are prepared for the USDA changes ahead – and will continue to close these loans without delay! It is a rare occasion that we suspend this program. …

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Jul 08

Not Saving Fast Enough For Your Down Payment?

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Tweet I’ve been hearing this question from a lot of my buyers lately; so I thought I would take a moment to clarify. Just how much is enough money to put down on a home purchase in today’s world? This question can be spun in many different directions depending on your specific situation; so here are the …

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