HUD released its new increased lending guidelines today and while unfortunately the jumbo loan limits of $417,000 in Broomfield County have not been raised, the limits on loans that FHA will guarantee have jumped clear up to $406,000!
So what does this mean to Broomfield homebuyers? If you have shaky credit (like a bankruptcy or foreclosure [...]
February 20, 2008 – 1:50 pm
Breaking news on the Broomfield real estate market, buying a home in Broomfield, and real estate issues in the Denver-Metro area, every day, on The Skinny on Real Estate.
The National Association of Realtors is estimating that the FHA loan limits in Broomfield County will increase from $308,370 to $405,750.
FHA only requires a 3% down payment, [...]
February 19, 2008 – 2:03 pm
You may recall that last week, 6 mortgage lenders agreed to a 30-day freeze on the foreclosure process for borrowers who are 90 days late on their payments. Today, the remaining lenders who make up the Hope Now alliance have agreed to the same deal. If you (or someone you know) are 90 days late [...]
January 12, 2008 – 6:23 pm
I believe it was Milton Friedman who said he liked all tax breaks just some more than others. (I tried googling it but I couldn’t find the exact quote.)
Anywho, Congress has extended the mortgage insurance tax break through 2010. For those of you with an AGI of less than $100,000 you can deduct the full [...]
August 1, 2007 – 11:51 pm
Okay people I’m only going to say this once (more). Houses aren’t FREE. They cost money. In fact they cost a lot of money. BUT financially speaking, buying a home is one of the smartest moves you’ll ever make. Whether it’s a 6,000 square foot house on the golf course or a 1,600 square foot [...]
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The City and County of Broomfield is participating in the Metro Mortgage Assistance Program which helps first time homebuyers, who would like to purchase a home in Broomfield, to qualify for a below-market interst rate mortgage and help with a down payment.
The mortgage interest rate is 5.95% for a 30-year fixed mortgage and you may [...]
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