There is nothing worse than loosing out on a home because you could not provide a strong pre-approval letter. Listing agents are starting to demand not only strong pre-approval letters that specifically mention what steps the lender has taken, but proof of funds and even Fannie Mae approval printouts!
This is an excellent program for eligible and qualified 1st time buyers (or buyers buying in the target areas) of the City of Sacramento and the unincorporated County of Sacramento.
The seller credit is reduced from 6% to 3% & The MIP is going up to 2.25%.
The 2010 allocation just came out, and they have enough funding for $20 million worth of mortgages.
You would have to be living in a cave to not notice that the mortgage industry is in turmoil. At lease that’s what it seems if you read the papers or watch the news. If [...]
This seems like such a simple thing. After all there has to be some way to predict what's going to happen?! If you read the newspaper, listen to the radio or watch TV there is [...]