Kelly Rydzik
Mortgage Pro
Posted on May 24th 2010
The VA clarified last week that they will continue to accept FHA approved condos so long as the condo was approved FHA prior to December 7, 2009. In a VA circular dated November 30, 2009 (Circular 26-09-19) the VA announced that it would no longer accept FHA condo approvals for VA loans. Read more »
Posted in News and Updates |
Posted on November 3rd 2009
Guideline Changes for FHA and VA Loans in Wisconsin and Illinois FHA has recently announced changes to their guidelines including the pratical elimination of the streamline refinance program among others. Since FHA has announced these changes our lenders have now been coming out with their own guideline changes and I thought I would highlight them tonight. [...] Read more »
Posted in News and Updates |
Posted on October 21st 2009
There are many Illinois and Wisconsin FHA condo changes on the horizon which can be read here http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-19ml.doc (Word Document). This was originally to take effect October 1, 2009 but was delayed until November 2, 2009 and has now been again delayed until December 7, 2009. FHA notice on delay in FHA condominium changes: Read more »
Posted in FHA Loans, News and Updates |
Posted on April 20th 2009
As a result of a direct final rule published in the Federal Register, income limits will change effective April 20, 2009. The existing income limit structure will be revised for the Single Family Housing Guaranteed Loan Program (SFHGLP). Instead of eligible adjusted income limits based on households ranging from 1-8 persons, a two tier [...] Read more »
Posted in News and Updates, Rural Housing Loans |
Posted on April 8th 2009
Effective next week our national lender announced the release of the Fannie Mae Refi Plus Program. This program was part of the Home Affordable Modification Program release that was as a result of President Obama’s Stimulus Foreclosure Prevention. Read more »
Posted in News and Updates |
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