Private Mortgage Insurers leading the way in housing recovery   One of the earliest indicators of the housing meltdown which began in 2007 was that issuers of Private Mortgage Insurance (PMI) began to contract their underwriting guidelines for issuing PMI …

Private Mortgage Insurance helps lead the way in the Housing Recovery Read more »

Ricardo Cobos is a Mortgage Loan Officer in Raleigh North Carolina helping people achieve financial security through responsible homeownership using great no money down loans programs like the USDA Guaranteed Rural Development Loans call 877-212-7784 to speak with an experienced loan officer today.

… the economy, particularly the housing sector, continues to be a drag on the US economy. As a result, investors who once gladly would make a loan secured against a manufactured home, now won’t even consider it. Because of this, many otherwise very well qualified homeowners and would be home buyers have found that access to credit has been shut off.

While many Realtors and Developers say about other communities Heritage actually backs that up with irrefutable data! Don’t take my word for it, just check out the Triangle Area Residential Real Estate Report which for May 2011 sales…Read More

Has Renting Become the New American Dream? If you have wondered if buying a home is right for you, think about this simple phrase “Everybody has to live somewhere and of course the location can be one of the deciding …

Is Renting YOUR American Dream? Read more »

USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING NEWS From the National Office in Washington DC June 15, 2011 GUARANTEED LOAN FUNDING UPDATE:  SUMMER SIZZLES!   GUARANTEED LOAN VOLUME UP!  PLENTY OF FUNDING AVAILABLE!    The Single Family Housing Guaranteed Loan Program (SFHGLP) …

$14 Billion in No Money Down Guaranteed Loans for Rural Homebuyers Read more »

The USDA is begging for people to borrow their money! The program will be undergoing significant changes in October with the introduction of a monthly PMI. Until then they have plenty of money and are eager to lend it; GUARANTEED …

$24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS! Read more »

FHA Buyer Financed Closing Costs Financing of Transaction Costs for Real Estate Owned Properties (REO) Purchased under Federal Housing Administrations  $100 Down Sales Incentive Click for mortgagee letter/details  Related articles Underwriting Tip – FHA Gift Funds (theraleighmortgageguy.com) Buyers Receive up to 3.5% …

Underwriting Tip – FHA Buyer Financed Closing Costs Read more »

According to the USDA Guaranteed Rural Housing Development Program and  under the Section 502 program, Housing must be modest in size, design, and cost.   Houses constructed, purchased, or rehabilitated must meet the voluntary national model building code adopted by …

USDA Lending Tip; Eligible Homes Locator Map Read more »

To encourage the purchase of REO properties,Fannie Mae is introducing a closing cost incentive for home buyers for primary residence purchases with a closing date on or before June 30, 2011. This incentive reinforces Fannie Mae’s commitment to stabilizing communities …

Buyers Receive up to 3.5% Toward Closing Costs from Fannie Mae! Read more »