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Home buyer tax credit deadline approaches
The April 30, 2010 purchase deadline is approaching for buyers looking to take advantage of either the first-time or the repeat home buyers tax credit.
FHA Announces New Changes
FHA, today, proposed significant changes to its program in order to reduce its risk, which will increase costs for borrowers.
FHA condo guideline changes
Effective December 7, 2009 November 2, 2009, FHA will introduce changes to its condominium approval process and eligibility guidelines.
Sale concessions can lead to higher down payment
When negotiating sales concessions on a purchase, be aware that it can affect the down payment amount.
HUD approves monetizing the $8,000 tax credit
HUD just approved the monetization of the $8,000 first-time home buyers tax credit on FHA loans, making it available to buyers at the time of purchase. Though, a few caveats apply.
Revised first-time homebuyer tax credit
The $787 billion American Recovery and Reinvestment Act of 2009 revises the first-time homebuyers tax credit.
Fannie Mae revises condo guidelines
Effective March 1, 2009, Fannie Mae is implementing condo guideline changes “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain conventional condo loans for new and established condos
January 2009 Seattle condo market update
The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.
Condo investors…an endangered species?
New mortgage fees and restrictions may hinder investment condo opportunities.
