Archive for the ‘Real Estate’ Category

Great News for 1st Time Buyers

February 4th 2010

This past Monday, I attended a webinar on a new program that has been rolled out by CHFA (Colorado Housing Finance Authority). Well it’s sorta new. It is actually the old MRB FirstStep program taken off the shelf, dusted off, and put back on the market. If you are familiar with CHFA then you may remember back when the first time buyer program from CHFA had very competitive rates. Sometimes they were even better then regular FHA rates. Continue Reading »

Posted by Mark Afman under Home & Mortgage & Mortgage Blog & Mortgage Information & Real Estate | No Comments »

FHA Updates and Issues 1/28/2010

January 28th 2010

By now you may know that FHA is waiving the 90 day flip rule as of February 1st, 2010. Remember that there are a few restrictions: 1) It is only a 1 year waiver of this rule to try to help move inventory. 2) If the sales price is 20% higher then the sellers acquisition costs, then the seller has to justify the increase with a list of improvements or if there are no improvements made, the appraiser has to explain the increase. Continue Reading »

Posted by Mark Afman under Home & Mortgage & Mortgage Blog & Mortgage Information & Real Estate | No Comments »

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