Home financing may be getting easier for homebuyers. One of the mortgage companies here in the Tampa Bay area that I’ve been working with is Caliber Home Loans. They are a portfolio lender that adheres to all standard loan program guidelines but also has portfolio programs with more lenient credit qualifying guidelines to meet more buyers’ needs. […]
3% Down Conventional Mortgage Offered to First-time Home Buyers
A new 3% down conventional mortgage will be offered to first-time home buyers, but there’s a catch! First, let’s break down what is considered a first-time home buyer. Fannie Mae considers a first-time home buyer someone who has not owned a home in the past three years. For instance, if you and your spouse apply […]
What is a Hard Money Loan and When Should You Use One?
What is hard money and how do you find a lender? Hard money is an equity based real estate loan that should only be used short term or when you or the property cannot qualify for Conventional, Jumbo, VA or FHA financing. For instance, if the homeowner has filed bankruptcy, went through a short sale […]
Purchase One Year After Short Sale, Foreclosure or Bankruptcy
If you’ve been putting off buying a home due to a previous foreclosure, short sale or bankruptcy you may now qualify to purchase a home! If you could use a fresh start at homeownership, Prospect’s Second Chance MortgageTM might help qualify buyers for home financing. If you have lost a home to foreclosure, short sale, […]
Competitive Jumbo Mortgage Rates Are Making A Comeback for The Wealthy
Jumbo Loans and Financing: 6 important steps to apply for jumbo loan in Tampa Jumbo loan rates have recently become very competitive with regular loans. Some banks are now offering lower rates and financing costs, and million-dollar homes in Tampa are becoming a relative bargain. Deals on jumbo loans will likely cause an increase in […]
Can Shopping for a Mortgage Hurt Your Credit Score?
Can Shopping for a Mortgage Hurt Your Credit Score? Tips to avoid negative effects on your credit while buying a home. The short answer: If you do it right; no, your credit score will not suffer during the home buying process. Your credit history is your credit history, but your score will vary significantly […]
Approved FHA Condo Developments in Channelside and Downtown Tampa
Designed to be a trendy, urban neighborhood, walking distance to shopping, restaurants, and theater; Channelside was the hot spot a few years ago for those eager to live close to Downtown Tampa. Overdevelopment and the crash of the Tampa Real Estate market, turned the residential area of Channelside into a ghost town. But, that has […]
What the NEW “Payroll Tax Holiday” May Cost Buyers In Interest Rates.
During the holidays, you probably read or heard about the debate regarding the two month “Payroll Holiday” otherwise known as, the Temporary Payroll Tax Cut Continuation Act of 2011. If so, you know that it was passed by the Congress and quickly signed by the President. To pay for this two month benefit, which will continue through […]
FHA Loan Limits-Tampa, St. Petersburg, Clearwater, Fl
Wells Fargo Doctor Home Loan Qualification Details-Tampa, Fl
A New Financing Program Just For Doctors! USF, Tampa General, Memorial Hospital Residency Doctors! Wells Fargo has a new Nonconforming Doctor Program which provides a mortgage for the purchase of a primary residence by qualified physicians who have completed their medical residency within the most recent 36 months. A copy of the medical license is […]