We offer first-time homebuyer grants to Chicago Police Officers, Teachers & Firefighters.
Here is a lender I can recommend to you if you are wanting to explore your options.
I hope that helps!
Kelle ... more
I believe this speaks to why FHA rules have changed drastically over the past year. It sounds fraudulent. I do understand the role of the FHA appraiser but was there a selli ... more
How much are you over on the 203k?
Tell it like it is....plain and simple.
Soft-soaping it or using smoke and mirrors only makes thing worse.
Quick flips for more money are still totally possible. It just depends on the bank. I have heard most banks want 90 days seasoning and if the property appraises out, they ... more
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Senior Vice President
If you did a 15 yr FHA loan and put down 10% you would not have mortgage insur ... more
Your statement regarding FHA's guideline is correct, as it relates to the period from a bankruptcy discharge to present. As for the exception rule, it is just that. I' ... more
Rates vary due to a number of factors, loan amount are certainly a consideration. A rate sheet will have adjusters based on loan amount, equity position, credit score, if you es ... more
$3000 in reserves seems low to me. Why did they decide to reduce from a cushy 20% to 8.5?
Might I suggest you call a few local lenders, and ... more
I know this is going to sound "weird" but Bank of America has a great program called the "America's Home Grant Program", where they GIVE you $2500 ... more