FHA Update

New FHA Guidlines Waives 90 Day Rule for FLIPPING Homes-Tampa, Fl

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS Measure to help bring stability to home values and accelerate sale of vacant properties This is GREAT news for the Tampa Real Estate Market as it will allow more homes to be sold in a shorter period of time.   Reducing the amount of … Continue reading New FHA Guidlines Waives 90 Day Rule for FLIPPING Homes-Tampa, Fl

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MAJOR changes to FHA finacing Condo approvals-Tampa,Fl

I just received this and thought I’d share it with you regarding financing FHA approved condos in the Tampa Bay area.  Major changes to Condo Approvals    As of October 1, 2009  ALL FHA condo approvals will be GONE.  We will be starting from scratch with NO approved projects untill Lenders start submitting approval packages to … Continue reading MAJOR changes to FHA finacing Condo approvals-Tampa,Fl

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2009 NEW Mortgage Loan Rates and Guidelines, FHA, Conventional

Here are some quick updates on how the mortgage industry will change your ability to buy a home in the Tampa Real Estate market.  It’s not as bad as most people think! Although it can be confusing since things are changing every day! Here are the changes for FHA loans: Compliments of Katie Hughes, Prospect Mortgage … Continue reading 2009 NEW Mortgage Loan Rates and Guidelines, FHA, Conventional

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FHA Modernization approved by Senate

On July 11th, the Senate voted 63 to 5 to approve the legislation. As a result of your efforts, HR 3221 creates affordable housing opportunities by setting loan limits up to $625,500 for Fannie Mae, Freddie Mac and FHA, and will stimulate housing demand with a temporary $7,500 home ownership tax credit.  The bill also … Continue reading FHA Modernization approved by Senate

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