Appraisal Required Repairs for Your Home
You have picked the perfect home, completed the general inspection and the appraisal; you are ready to move in. Then you find out, in order for the home to qualify for an FHA loan, there are appraisal required repairs.
Appraisal called repairs ...
Posted by Paula Henry on December 13, 2011 in Buyer Resources
FHA Loans: Are They Right For You?
While the news is rife about how hard it is for even qualified borrowers to secure loans, a number of homebuyers are getting financing and saving money by taking advantage of one of today’s most popular mortgage options: FHA loans. FHA loans ...
Posted by Paula Henry on September 8, 2011 in Buyer Resources
Your Next Home Program from Indiana Housing
Indiana Housing has been instrumental in providing no downpayment loan programs for first time home buyers. They now offer a loan program for home buyers who are moving up or buying their next home, aptly named the 'Next Home' program.
Many home ...
Posted by Paula Henry on June 8, 2011 in Mortgage News and Info
First Time Home Buyers Down Payment Assistance
INDIANA HOUSING DOWN PAYMENT ASSISTANCE PROGRAM
If you are a first time home buyer in Indianapolis, you should know your financing options. The Indiana Housing Program for first time home buyers who are creditworthy, but may not have the initial ...
Posted by Paula Henry on February 3, 2010 in Mortgage News and Info
Indiana Housing Rates Down to 5.5%
Indiana Housing & Community Development Authority (IHCDA) lowered their rate today to 5.625%.
When the buyer completes their home buying class (mandatory), they can receive a rate of 5.50%. If you read my post a few weeks ago about the advantage ...
Posted by Paula Henry on June 18, 2009 in Buyer Resources
No Carpet, No Kitchen, No Loan!
In light of the changes in conventional financing guidelines, FHA loans have once again become a popular choice for home buyers. In the good ol days, (heck, that was just a few years ago) almost anyone could get 100% financing on practically ...
Posted by Paula Henry on January 11, 2009 in Mortgage News and Info
2009 FHA Loan Limits For Indianapolis
In March 2008, HUD temporarily raised FHA loan limits around the country. Effective January 1, 2009, FHA loan limits revert. FHA home loans are mortgages made by private lenders and insured by the federal government.
Historically, FHA ...
Posted by Paula Henry on November 24, 2008 in Mortgage News and Info