Posts Covering Mortgage Products

Fannie Mae Lowers Mandatory Waiting Period After Bankruptcy, Short Sale, & Pre-Foreclosure

Effective immediately, the waiting period after a "significant derogatory event" is reduced by half. Read about the Fannie Mae, and get today's live rates.

2014 USDA Loan Income Limits – USDA Eligibility

About the USDA Rural Housing Program (Section 502), including household income limits for 2014. Lookup table by county, plus mortgage rates.

USDA Home Loans – USDA Loan Rates & Requirements

The USDA Rural Housing mortgage allows 100% financing and is available in most parts of the country. Review qualifications and get rates.

USDA Home Loans : 100% Financing And Very Low Mortgage Rates

The USDA home loan program offers 100% financing, low mortgage rates, and a minuscule annual MIP payment. Check your USDA eligibility here.

Fannie Mae HomePath Mortgage: Low Downpayment, No Appraisal Needed, And No PMI

About the Fannie Mae HomePath Mortgage program plus details for getting approved. Read more about HomePath. Get today's live mortgage rates.

CHDAP: 0.5% Downpayment Mortgages Via California Homeownership Downpayment Assistance Program

CalHFA makes homeownership possible in California with just 0.5% down. Read more about CHDAP. Program details and mortgage rates here.

You Don’t Need A 20% Downpayment To Buy A Home

You don't need to make a 20% downpayment to purchase a home. Review popular low- and no-downpayment mortgage program, and get today's live mortgage rate quotes.

HUD Selling Homes At 50% Off List Price With $100 Downpayment Via “Good Neighbor Next Door” Program

Buy homes for 50% off list and with just $100 down via the Good Neighbor Next Door program. Read more and get today's live mortgage rates.

USDA Streamline Refinance Program : No Credit Scores, No Appraisals

The USDA has launched its own version of the streamlined refinance program, similar to HARP and the FHA Streamline Refinance. No credit scores, no appraisals, and very low mortgage rates.

Updated For 2014: A Review Of Today’s Streamline Refinance Mortgage Loans, Plus Live Mortgage Rates

Streamline refinance programs waive the typical requirements of a traditional refinance. Are you eligible? Analysis and live mortgage rates.

The 5-10 Properties Program Is For Investors With More Than 4 Properties Financed

Investor with more than 4 properties financed? Use Fannie Mae's standard 5-10 Properties Program. How to apply plus today's mortgage rates.

Don’t Have 20% To Put Down? No Problem With These 5 Popular Mortgage Programs.

You don't need a 20% downpayment to buy a home. Mortgage guidelines are loosening and mortgage rates are low. Read more and get today's rates.

100% Financing For Suburban And Rural Homes : The Complete USDA Mortgage Guidelines (Plus Mortgage Rates)

The USDA Rural Housing mortgage allows 100% financing and is available in most parts of the country. Review qualifications and get rates.

With Mortgage Rates Dropping, How To Find Your Best “Streamlined Refinance” Program

Streamline Refinance programs waive income, asset, credit and employment verification. No appraisals are needed, either.

No-Appraisal Mortgages Reach More U.S. Homeowners

U.S. homeowners have 4 no-appraisal mortgage options. Millions will close via the FHA Streamline Refinance and HARP 2.0/HARP 3.0 this year

Mortgage Options When You Have Less Than 20% Downpayment

What are your mortgage downpayment options when you don't have 20% to put down?

Jumbo And Super-Jumbo Mortgages : Mortgage Rates Ultra-Low, Guidelines Loose

"Good" jumbo mortgages are tough to find. There are big price differences from bank-to-bank. Here's how to find banks with low jumbo rates.

How To Get A Mortgage For A Condotel Or Non-Warrantable Condo

Banks now make loans against non-warrantable condos and condotels. See today's mortgage rates and get approved quickly.

As Luxury Housing Market Returns, Jumbo Mortgage Rates Drop

The housing market's rebound has spurred the return of aggressive jumbo mortgage lending. Rates are down big nationwide.

Rebuilding American Homeownership (RAH) : Congress Floats A New, HARP-Like Refinance Plan

The Rebuilding American Homeownership (RAH) program offers prescribed mortgage rates to qualified, underwater homeowners.

The HARP Refinance Checklist : Get HARP-Approved More Quickly

On Nov 15, the government will release the details of its new HARP refinance program. By Dec. 1, lenders will be accepting applications. Early applicants are expected to get the lowest mortgage rates.

HARP II Features Unlimited LTV, Support For Second Mortgages

The original HARP program was expected to help 9 million U.S. households. Fewer than 900,000 executed. It's why the revamped HARP II incorporates major changes, including unlimited LTVs.

October 2011 : Adjustable-Rate Mortgage Rates Scrape Rock-Bottom

With adjustable-rate mortgage rates available under 3 percent, it's a terrific time to look at ARMs.

Finance More Than 4 Properties With The 5-10 Properties Program

In February 2009, Fannie Mae approved investors to finance more than 4 properties at a time. Two years later, though, finding a bank that'll do make that loan is tough. You have to search more directly.

Spring 2011 : Jumbo Mortgage Products At Conforming Mortgage Interest Rates

Over the last 60 days, bank checking accounts are paying 38% more interest, and interest rates are approaching a 2-year high. It's an insider's signal that a surge in jumbo mortgage rates is coming.

How To Find Interest Only Mortgages In An Amortizing Mortgage World

Starting next week, Fannie Mae is putting major restrictions on the popular "interest only" loan product. This follows Freddie Mac's earlier announcement to discontinue interest only loans entirely.

Over The Long-Term, Cash-Out Refis Can Be Cheaper Than Lines Of Credit

It doesn't take an elephant's memory to remember that Prime Rate was 8 percent-plus just 2 years ago. A few years before that, Prime Rate neared 10 percent. These are the facts that the banks aren't selling. Instead, banks and credit unions are dangling low "start rates" as bait and looking for homeowners to bite.

How The Rising Cost Of Private Mortgage Insurance Is Offsetting Falling Mortgage Rates

Another day, another piece of evidence that

HELOC Repossession : Why You Should Protect Your “Insurance Policy”

As home values stagnate around the country, mortgage lenders are actively trimming their exposure to home equity. Until recently, they've done it one of two ways: They eliminated no downpayment loans (except in rare circumstances) They capped second mortgages (i.e. home equity loans) at 95% of the home's value But...

A “New” Form Of Mortgage Insurance That Gives Tax Deductions To Everyone

Private Mortgage Insurance (PMI) came back in vogue in 2007 for a number of reasons, the most widely-known of which was that PMI was suddenly tax-deductible. But it came with a catch. Only families earning less than $100,000 could take the full tax deduction. For everyone else, PMI was same...

2014 Conforming & FHA Loan Limits

Mortgage loan limits for every U.S. county,
as published by Fannie Mae & Freddie Mac, and the FHA.