I’ve written about the USDA Rural Development loan program a number of times in the past. I’m fond of the program as it opens the door to many homebuyers who don’t have the down payment funds available to purchase a home. One trick to the program is the requirement that the home needs to [...]
|
The program basics are the same for all areas but local experts will know how to quickly identify if the areas you’re shopping are eligible (this program can only be used in areas designated as rural by the USDA) and if your income is within the limits for that area (there are income limitations for [...] As we get closer to a potential government shut down, I’ve seen several reports on how this will affect the housing market and the mortgage industry. Some of the information is accurate but there are some consequences that have not been mentioned. The largest impact will be directly to mortgage loans that are being contracted [...] The answer to this question varies depending on the loan program a buyer is looking at, but most buyers who have past credit problems rely on FHA loans as their fastest track back to homeownership. This is due to FHA’s lenient credit guidelines compared to conventional loan programs. UPDATED: For guidelines on other programs, please [...] |
Keane Loans is a Division of Cobalt Mortgage |
|
COBALT POLICIES
© 2010, Cobalt Mortgage, Inc., 11255 Kirkland Way, Suite 100, Kirkland, WA 98033. Toll Free: (877) 220-4663; Fax: (425) 605-3199. NMLS Unique Identifier: 35653. Arizona MNortgage Banker License #0 909801. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Idaho Mortgage Broker/Lender License # MBL-5220. New Mexico Mortgage Loan Company License # 03587. Oregon Mortgage Lender License #ML-2991. Washington Consumer Loan License #520-CL-48866. NMLS Unique ID: 115042, WA Lic. No.: MLO-115042, CA Lic. No.: CA-DOC115042 |
|
Comments