Tag: Mortgage Loans
Mortgage Rates Continue to Fluctuate
![Mortgage Rates Continue to Fluctuate Mortgage Rates Continue to Fluctuate](http://seattlecondosandlofts.com/wp-content/uploads/2015/01/Mortgage-rates-300x200.jpg)
The U.S. 30-year fixed rate mortgage interest rate continues to trend downward, making it more attractive to buyers and increasing their purchasing power.
3% Down Payment Conventional Condo Loans are Back
![3% Down Payment Conventional Condo Loans are Back 3% Down Payment Conventional Condo Loans are Back](http://seattlecondosandlofts.com/wp-content/uploads/2012/04/cobalt_logo.png)
Cobalt Mortgage, a local mortgage provider, is now offering a low 3% down payment conventional loan option for condo purchases.
Condos Becoming Elusive for FHA Buyers
![Condos Becoming Elusive for FHA Buyers Condos Becoming Elusive for FHA Buyers](http://seattlecondosandlofts.com/wp-content/uploads/2008/10/fha.jpg)
The effect of FHA’s 2010 condo approval and recertification changes are leaving condo buyers with fewer options as associations overlook or neglect FHA certification.
Congress Reinstate Higher FHA Loan Limits
![Congress Reinstate Higher FHA Loan Limits Congress Reinstate Higher FHA Loan Limits](http://seattlecondosandlofts.com/wp-content/uploads/2008/10/fha.jpg)
On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…
Deadline Ticking for EHLP’s Forgivable Bridge Loan
![Deadline Ticking for EHLP’s Forgivable Bridge Loan Deadline Ticking for EHLP’s Forgivable Bridge Loan](http://seattlecondosandlofts.com/wp-content/uploads/2011/07/Hud-feat-300x200.gif)
The deadline for HUD’s Emergency Home Loan Program for at-risk homeowners facing foreclosure is coming up this Friday.
FHA and Conforming Loan Limits Expected to Reduce
![FHA and Conforming Loan Limits Expected to Reduce FHA and Conforming Loan Limits Expected to Reduce](http://seattlecondosandlofts.com/wp-content/uploads/2011/07/mortgage-300x200.jpg)
The FHA and conforming loan limits are expected to reduce by $61,500 effective October 1, 2011.
Mortgage Help Day – October 2, 2010
![Mortgage Help Day – October 2, 2010 Mortgage Help Day – October 2, 2010](http://seattlecondosandlofts.com/wp-content/uploads/2010/09/foreclosurehelpday_000-300x200.jpg)
Mortgage Help Day connects homeowners facing foreclosure with their lenders and HUD-certified counselors to help remedy their situation.
FHA Announces New Changes
![FHA Announces New Changes FHA Announces New Changes](http://seattlecondosandlofts.com/wp-content/uploads/2009/10/fha-logo.jpg)
FHA, today, proposed significant changes to its program in order to reduce its risk, which will increase costs for borrowers.
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.