Posts tagged as:

fha

New Good Faith Estimate – Definitely a Step in the Right Direction

by Scott Schang January 7, 2010

I tend to be a bit cynical when it comes to expecting the bad apples to be good apples just because new rules require them to, but in this case, I think the new Good Faith Estimate is a step in the right direction.
In January, I will have a live class explaining the details of [...]

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10 Things to Know About Getting a Mortgage in 2010

by Scott Schang January 7, 2010

Luke Mullins of US News & World Report wrote a really good article last week that I wanted to share with you.
Getting a Mortgage in 2010: 10 Things to Know
1. Still tight: The steep run-up in home prices during the first half of the decade was fueled in large part by breezy lending standards. Some [...]

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New Good Faith Estimate – Definitely a Step in the Right Direction

by Scott Schang December 22, 2009

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Law Enforcement-Teachers-Firefighter-EMT Eligible for Good Neighbor Next Door Program

by Scott Schang December 12, 2009

Who is Eligible for the Good Neighbor Next Door Program?
The U.S. Department of Housing and Urban Development (HUD) wants to make American communities stronger and to build a safer nation. The Good Neighbor Next Door (GNND) program helps make this goal a reality by encouraging law enforcement officers, pre-K through 12th grade teachers and firefighters/emergency [...]

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H.R. 600 – FHA Seller -Financed Downpayment Reform Act of 2009

by Scott Schang January 31, 2009

Here’s an important update from GroundSwell2 – a grass roots effort to save FHA Seller-Financed Downpayment Assistance:
Downpayment Assistance = Economic Impact

Downpayment assistance (DPA) programs in the U.S. had a major beneficial impact on the economy last year, creating $38.6 billion in revenues, 235,000 jobs, and $4.6 billion in total tax revenues, according to an economic-impact [...]

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FHA Increases Down Payment Requirement to 3.5%

by Scott Schang July 28, 2008

H.R. 3221, the Housing and Economic Recovery Act of 2008 is a 700 page bill. We will continue to report the details of this bill as we learn more about them.

SEC. 2113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED DOWN PAYMENT ASSISTANCE.
Paragraph (9) of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is [...]

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Nehemiah, Ameridream, HART – Countdown to Extinction….Is FHA Justified?

by Scott Schang July 28, 2008

H.R. 3221 Housing and Economic Recovery Act of 2008, aka Foreclosure Prevention Act, is scheduled to be signed by President Bush on Monday, July 28th and is projected to save over 400,000 American homeowners from foreclosure.

Nestled deep in this 700 page bill, located on 479-481 you will find the end date of October 1st, 2008 [...]

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The Nehemiah Program – Down Payment and Closing Cost Assitance Grant

by Scott Schang May 3, 2008

Program Description

Thanks to The Nehemiah Program ®, more than 250,000 individuals and families now own homes.
Let us help you achieve the American dream:

Gift funds up to 6% of the final contract sales towards your downpayment and/or closing costs
Gift funds for both first time and repeat homebuyers
(Nehemiah charges a nominal processing fee that may be paid [...]

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