Low Down Payment – Jumbo Mortgage

The jumbo property market in VA is in much better shape than most markets around the country. However, sales are still slow in the upper end for a few reasons. But, one of the least discussed is the large down payment and reserve requirements for jumbo mortgages. The down payments required are generally 20%-25% of [...]

By |2017-02-19T02:05:32+00:00July 27th, 2010|Front Page|0 Comments

No Equity? Still want to Refinance?

Homeowners with little or no equity in their homes still have time to take advantage of the Government’s Home Affordable Refinance Program. The HARP program is designed for borrowers with underwater mortgages but who are otherwise qualified and responsible borrowers.  This program allows borrowers to refinance their primary residences up to 105% loan to value [...]

By |2017-02-19T02:09:25+00:00June 16th, 2010|Front Page|0 Comments

How Do I Find The Best Jumbo VA Mortgage Rates?

Non-conforming loans, also called jumbo loans, are loans with higher dollar amounts which may not be sold to Fannie Mae or Freddie Mac. A VA Mortgage that is above the conforming loan limit of $417,000 for the year 2010 is considered to be a jumbo loan. Non-conforming VA Mortgage loans often come with a higher [...]

By |2017-02-19T02:11:16+00:00June 16th, 2010|Front Page|0 Comments

Want to Buy a Home at a 50% discount?

The Good Neighbor Next Door Sales (GNND) program is a federal revitalization initiative through HUD that provides homeownership at a substantial discount to qualified buyers.  Under this VA  Home Loan program, HUD offers a 50% discount on the list price of a qualified home as long as the buyer commits to live in the property [...]

By |2017-08-29T04:45:25+00:00May 30th, 2010|Front Page|0 Comments