FHA Loan Facts
FHA loans are becoming popular again and I’ve had a lot of questions about them, so hopefully here are some answers for you: 1. FHA doesn’t actually loan money, it just insures the loan making it a little less risky for the lenders to lend their money. 2. You do NOT need to be a first time home buyer to qualify for an FHA loan. 3. There are no income limits on an FHA loan, nearly any...
Read MoreBorrow up to $406,000 through FHA
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 in the past couple of years) but are currently paying...
Read MoreBreaking news on increased home loan limits in Broomfield
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, offers excellent rates, allows anyone to help you...
Read MoreMortgage reform may hurt poor people … Broomfield Real Estate News
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. Ronald Reagan said one of the most feared statements had to be “I’m from the government and I’m here to help.” This applies to many things, including over-reaching mortgage-related reform. Consider this...
Read MoreThinking about Willow Run in Broomfield? …Broomfield Real Estate News
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. If you are interested in moving to Broomfield and are looking for a home that has around 3 bedrooms and 3 bathrooms, costs (mostly) in the mid-$200′s, and is less than a dozen years old you should absolutely consider...
Read MoreEven cats love the ice cream man
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