Mnmediamogul's Weblog

FHA Mortgage Insurance-Described by Twin Cities Mortgage Broker

mnmediamogul — Mon, 23 Jun 2008 00:38:28 +0000

http://www.ventureloanapp.com Mortgage insurance protects the lender and allows for high loan to value loans to be made. FHA charges upfront and monthly. Conventional loans have PMI-private mortgage insuranc-depending on the loan to value.

Minnesota VA loan

mnmediamogul — Sun, 22 Jun 2008 20:49:40 +0000

http://www.ventureloanapp.com Why Veterans should look at VA home loan options. MN mortgage broker and real estate broker John Mazzara-explain some features of VA loans. Visit http://www.selling.mn

90 Day Waiver and FHA loans changes

mnmediamogul — Sun, 22 Jun 2008 20:45:49 +0000

http://www.ventureloanapp.com FHA has temporarily ( one year) lifted their ruling on selling a home to an owner occupant that has been acquired through the foreclosure process. Lenders may now fix and sell these homes to a buyer using FHA financing.

Qualifying For An FHA Loan By MN Mortgage Broker

mnmediamogul — Sun, 22 Jun 2008 20:39:11 +0000

http://www.ventureloanapp.com FHA mortgage qualifications are based on ratios 31/43%, credit, income, job history, and credit depth. Of course during underwriting, other things can be used as qualifying factors.

FHA Loans May Be Eligible For Loss Mitigation

mnmediamogul — Sun, 22 Jun 2008 20:32:54 +0000

http://www.ventureloanapp.com Loss mitigation between the borrower and mortgage servicer is one of the benefits seldom cited with an FHA loan. Minnesota mortgag broker Venture Development gives a brief overview.

FHA Mortgage Down Payment Requirements For Minnesota Loans

mnmediamogul — Sun, 22 Jun 2008 20:29:27 +0000

http://www.ventureloanapp.com FHA loans have lower down payment requirements than many other types of loans. VA loans allow for 100% financing, most conventional products require 3-5% down as a minimum.

FHA loans allow for non occupying Co-borrowers In Minnesota

mnmediamogul — Sun, 22 Jun 2008 20:22:44 +0000

http://www.ventureloanapp.com FHA loans are unique in that they allow for a co-borrower who is not an owner occupant to qualify for a loan with the owner occupant. The credit, incomes, and debt are aggregated.

FHA loans for Individuals in Chapter 13 bankruptcy in Minnesota

mnmediamogul — Sun, 22 Jun 2008 20:12:50 +0000

http://www.ventureloanapp.com Chapter 13 bankruptcy may limit your ability to obtain mortgage financing. FHA allows you to be eligible for mortgage finance if you have paid the last 12 payments on time. Venture Development is a MN mortgage broker.

FHA 95% Cash Out Allowed For MN real estate

mnmediamogul — Sun, 22 Jun 2008 20:05:56 +0000

http://www.ventureloanapp.com Cash out loans can be up to 95% loan to value with FHA loans. Minnesota mortgage broker Venture Development helps borrowers select the correct refinance option to consolidate debt.

FHA 580 Scores for FHA Mortgage Loans In Minnesota

mnmediamogul — Sun, 22 Jun 2008 20:00:35 +0000

http://www.ventureloanapp.com FHA allows lower credit scores than most conventional and VA loan products. They can be 580 or lower (with a manual underwrite) Minnesota Mortgage broker Venture Development provides FHA loans