Fannie Mae and Freddie Mac both offer special incentives to entice buyers to properties they have foreclosed on. Fannie Mae’s...
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Wall Street Journal’s Market Watch has named the Seattle – Bellevue – Everett area as one top five markets in the...
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I’m working with a couple in Seattle who would like to buy a home. They have excellent credit (scores of 740 or higher) and are...
read moreThe Federal Housing Financing Agency (FHFA) who oversees Fannie Mae and Freddie Mac, confirmed that conforming limits for 2013 will be...
read moreLast Friday, the FHFA announced they’re increasing the “guarantee fee” (aka “g-fee”) by an average of...
read moreIf you are considering refinancing your home and you're not wanting to start over with a 30 year fixed rate mortgage, you...
read moreEDITORS NOTE: Mortgage programs and guidelines often change… you can find an updated version of this post here. Fannie Mae and...
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On last week’s State of the Union Address, President Obama announced a plan to help underwater homeowners who do not qualify...
read moreUPDATE: Since publishing this post this morning, another major bank announced a significant increase in their extension fees as noted...
read moreFannie Mae and Freddie Mac' s Home Affordable Refi enhancements will be released in phases with the first version of HARP 2.0...
read moreCongress decided to keep the 2012 Conforming Limits at the existing 2008 levels instead of reverting to the higher...
read moreEDITORS NOTE: this post was written back in November 2011 – incentives may or may not be currently available. Freddie Mac is...
read moreWell it looks like our Congress has passed loan limits for 2012 restoring FHA's higher "temporary" loan limits (pre...
read moreWe've been waiting to see what the "new Obama refi program" would be and this morning, the Federal Housing Finance...
read moreThe Senate has passed an amendment that will bring the temporary loan limits back through December 31, 2013! In the...
read moreIf you obtained a high balance mortgage over the current limit ($506,000 in King, Pierce and Snohomish Counties) and missed the...
read moreWith the revised conforming loan amounts only being in effect until the end of the year, I'm going to stick with limits listing...
read moreIf you're thinking about buying a home with minimum down payment requirements in the greater Seattle area, you may be considering...
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Effective October 1, 2011, several changes are set to take place that will impact new mortgages, including Conforming, FHA...
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I'm working with a couple in Seattle who are looking at refinancing their current adjustable rate mortgage to a 30 year fixed....
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If you're a subscriber to my blog, then you are probably already aware that conforming loan limits are going to be reduced in...
read moreThis morning via Twitter, Talon Title asked me what the difference in rate is between a conforming and jumbo mortgage. Currently, as...
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Fannie Mae is extending their buyer incentives of 3.5% towards closing cost on qualified Fannie Mae homes through October 31, 2011....
read moreA few weeks ago, I helped a Kent couple purchase a condominium located in Seattle for their daughter to live in while she attends...
read moreA couple days ago, Fannie Mae addressed questions regarding the high balance loan limits that are set to expire effective with...
read moreOur current FHA and Conforming High Balance loan limits are scheduled to roll back on October 1, 2011 unless Congress decides to act...
read moreIf negotiated in your purchase and sales agreement, a Seller may agree to chip in towards some or all of your bona fide closing costs,...
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Seattle area investors are taking advantage of current lower home prices and are buying rental properties. One of the...
read moreNOTE: This program has been extended through October 31, 2011. Fannie Mae is trying to sweeten the pot for buyers to...
read moreUpdate: Home Affordable Refi Program has been extended through December 2013! Good news for home owners who have a qualified...
read moreRental income is generally not fully credited when qualifying for a mortgage. Lenders will “discount” the rent...
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UPDATE JAN 3, 2011: Not all lenders are implementing this fee increase (yet). This is perfect example of an advantage of...
read moreFannie Mae issued their confimation that the current loan limits of 2010 will continue through 2011 with certain "high cost...
read moreWhen you buy a home, most loans require a down payment. A “down payment” is the difference between the loan...
read moreFannie Mae’s HomePath program is available to purchase qualified foreclosed homes (owned by Fannie Mae) with...
read moreHome Affordable Refinances allow home owners with conventional mortgages (Fannie Mae or Freddie Mac) who have had their homes...
read moreThe mortgage rates we're witnessing today can help many Washington state homeowners if they take advantage by refinancing. ...
read moreI've written about Fannie Mae's HARP program a few times here at Mortgage Porter, but I've neglected to write much...
read moreNOTE: This program has been extended thru June 30, 2012 DECEMBER 2013. Fannie Mae and Freddie Mac's Home Affordable...
read moreI was invited by Amtrust Mortgage to hear a presentation by Jackson Nafziger on "A State of the Industry...
read moreThis is a common question I’m asked these days…mostly because many home owners don’t have as much equity as they...
read moreFannie Mae along with FHFA have announced that the 2010 conforming loan limits will be the same as 2009. FHA's...
read moreCurrently, the Seattle area has a "high balance" loan limit of $567,500 for single family dwellings with both FHA and...
read moreThis is a common question from first time home buyers. When working with home buyers who are just beginning the process,...
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This next section of HUD's new Good Faith Estimate covers the escrow account, also known as the reserve account....
read moreI originally wrote this post at Rain City Guide back in June of this year. Fannie Maes tougher guidelines will go...
read moreYou may or may not have heard about HVCC. You'll have the opportunity to learn about it first hand if you obtain a...
read moreUPDATE JUNE 19, 2010: The Home Affordable Refinance Program has become much easier to do since writing this post with both...
read moreConforming loan limits are tiered with some areas qualifying as "high cost" and provided a second level before being...
read moreJust received this email, which I'm sure echos the thoughts of many home owners: "Been meaning to contact you to get your...
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