Home buyers in Riverside County, California planning to use the popular USDA Rural home loan program are shocked to learn about the upcoming boundary changes that will cause many current USDA eligible rural areas to no longer qualify beginning October 1, 2013. A list of cities and communities no longer eligible for USDA financing in […]
Congress finally passed the American Taxpayer Relief Act of 2012 that extends the Mortgage Forgiveness Debt Relief Act of 2007 to December 31, 2013. The Mortgage Forgiveness Debt Relief Act exempts people from paying taxes on certain types of mortgage loan debt that was canceled or forgiven by their lender as a result of a […]
With President Obama’s recent changes to the Home Affordable Refinance Program (HARP) t0 help more people refinance into a lower interest rate, it’s unfortunate many mortgage lenders/brokers in California choose NOT to offer the new HARP refinance DU Refi Plus or the Relief Refinance-Open Access loan program. Approved HARP 2 Mortgage Lender & Broker in […]
USDA issued a lender notice stating the USDA Rural Housing Single Family Housing Guaranteed Loan Program (SFHGLP) is temporarily out of funds as of October 1, 2011. Even though USDA is still issuing ‘conditional commitments’ subject to the availability of the commitment authority, many lenders are dropping the program, even with buyers in escrow! Fortunately, […]
