Roseville Loan Expert

 
1. I applied for the 2009 New Home Credit, but didn’t get it since the money ran out. Can I apply now since there is more money available?
 No. The 2010 New Home / First-Time Buyer Credits are only available for purchases which close escrow on or after May 1, 2010 
  
2. I just closed escrow on [...]

Today’s payroll flop — only 20,000 real jobs created in May — will take some time to settle all the way in. Immediately: 10-year T-notes are 3.22% (from 3.36% yesterday and 3.99% six weeks ago), and the best mortgages below 5.00%.
The payroll report has confirmation: new unemployment has held high for five months; May retail [...]

- All borrowers’ birth certificates will be required with pictures taken in the hospital with medical staff. Birth certificate with a live home delivery will not be eligible for first time home buyers.
- Marriage certificate with bridal dress will be required if both husband and wife are required to qualify for the loan.
- GFE will [...]

News on the short-sale front? News straight from Washington? It looks like the long rumored short sale streamline process is finally on it’s way. This could be big news for Sacramento and the entire California Real Estate Market. Check out all the information in this article from the NY Times.

With so many homeowners underwater I hear daily about people “walking away” from their homes, as if it was such an easy decision to make. Maybe it is? With it becoming so commonplace these days maybe it is an easy decision to walk away from your home and mortgage when you owe more than your home [...]

For some people it may get a little harder to get an FHA mortgage in the near future. Looking to shore up its weakened finances, the Federal Housing Administration has announced stricter standards. The FHA, who insured nearly a third of new mortgages in 2009, is going to increase the premium it charges for its [...]

Mortgage giant and GSE (Government Sponsored Entity) Fannie Mae recently announced plans for a new program that will allow “regular” homebuyers to compete with all the cash investors out there currently buying a lot of the most affordable real estate in the Sacramento market. The new program, named “First Look”, makes it so that only [...]

Doom and gloom no more Sacramento homeowners, for the first time in almost three years home prices in the Sacramento area (Sacramento & Placer Counties) are on the rise. Now, this isn’t to say things will get crazy again like earlier in the decade but it is giving us a really good idea that the [...]

Why do we care in Roseville or Sacramento about FHA mortgages?
The FHA (Federal Housing Administration) began in 1934 in an effort to encourage home ownership despite the difficult economic times of the era. This program enables consumers who may not qualify for a standard loan to obtain the financing they need to purchase a home without [...]

To achieve the $1,000,000 challenge I’ve put us up against, and help the community realize one million dollars in refundable tax credits, I’m looking for 5 Realtors each interested in working together to help 25 First Time Home Buyers become home owners and get that $8,000!
Anyone interested please give me a call ASAP. We’ve only [...]