Beginning April 1, 2009 FHA (Federal Housing Administration) has added to its appraisal guidelines. With 67% of homes purchased in the Reno-Sparks area in the first quarter of 2009 utilizing FHA financing, there are some key things buyers should know about these changes. FHA appraisers are required to include a Market Conditions Addendum stating whether [...]
Saturday, May 31, 2008
If you’ve served in the United States Armed Forces, you may qualify for a Veterans Administration Loan, commonly called a VA loan. It’s a fabulous way to finance a home, especially your first home, because you can still get 100% financing – no down payment is required! Although the VA does charge a funding fee, [...]
Monday, May 5, 2008
Have you ever asked a lender if you can have more money than what the home you’d like to buy is worth? Did the loan officer laugh? Not any more – welcome to the FHA 203K Streamline Renovation Loan. With a 3% down payment – which can be saved by you or gifted by a family [...]
Tuesday, April 7, 2009
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