I will be teaching a home buyer class in Seattle with Jim Repppond of Coldwell Banker Danforth on Saturday, April 18, 2015 at the Greenwood Library in Seattle.
Home Buyer Class in South King County
December 30, 2014 by Leave a Comment
I will be teaching a home buyer class in Kent with Ira Sacharoff of Better Properties Real Estate on Saturday, February 21, 2015 at Mortgage Master Service Corporation’s home office which is located just south of South Center on West Valley Highway.
The class is sponsored by the Washington State Housing Finance Commission. Students who attend are eligible for programs like Home Advantage or House Key Opportunity (the Washington state bond program) or Freddie Mac Home Possible. Students are also eligible for various down payment assistance programs and MCC (mortgage credit certificates).
If you are considering buying a home with your spouse, partner or friend, they will need to attend the class with you to qualify for the programs. You do not need to be a first time home buyer to qualify for many of the mortgage programs. And of course, you’re welcome to attend if you’re not interested in down payment assistance programs and you just want to learn more about the home buying process.
Home Buyer Class in Lake Forest Park
December 16, 2014 by Leave a Comment
I will be teaching a home buyer class in Seattle with Jim Repppond of Coldwell Banker Danforth on Saturday, January 24, 2015 at the Lake Forest Park Library.
The class is sponsored by the Washington State Housing Finance Commission. Students who attend are eligible for programs like Home Advantage or House Key Opportunity (the Washington state bond program) or Freddie Mac Home Possible. Students are also eligible for various down payment assistance programs and MCC (mortgage credit certificates).
If you are considering buying a home with your spouse, partner or friend, they will need to attend the class with you to qualify for the programs. You do not need to be a first time home buyer to qualify for many of the mortgage programs. And of course, you’re welcome to attend if you’re not interested in down payment assistance programs and you just want to learn more about the home buying process.
Space is limited, so please RSVP today
When: Saturday, January 24, 2015 from 11:00 am – 4:00 pm. We do our best to wrap up the class by 4:00 pm. The WSHFC requires that the classes be at least five hours.
Where: Lake Forest Park Library is located at 17171 Bothell Way NE, Lake Forest Park, WA 98155. Click here for map and directions.
Cost: FREE and lunch is provided! Typically lunch is something like pizza. If you have any special dietary needs or preferences, please bring a sack lunch. We will be teaching through lunch in the interest of keeping the class time shorter.
RSVP for our Seattle Home Buyer Class by clicking here.
Click here to see all current home buyer classes that I’m teaching.
Reduced Down Payment Conventional Loans may require Compensating Factors
November 7, 2014 by 1 Comment
Mel Watt, Director of the FHFA, has released his prepared remarks for the National Association of Realtors Conference. In his remarks, he addresses the lower down payment options that should be available soon with conforming mortgages and that they will require compensating factors.
Conforming Mortgages set to Reduce Minimum Down Payment
October 22, 2014 by Leave a Comment
At the MBA Annual Convention this week, Mel Watt, Director of the FHFA announced that Fannie Mae and Freddie Mac will be reducing the minimum down payment.
“To increase access for creditworthy but lower-wealth borrowers, FHFA is also working with the Enterprises to develop sensible and responsible guidelines for mortgages with loan-to-value ratios between 95 and 97 percent. [Read more…]
House Key Opportunity aka Washington State Bond Mortgage Program ending soon
October 1, 2014 by Leave a Comment
I just received notice from the Washington State Housing Finance Commission that they will stop accepting reservations for the House Key Opportunity program effective October 15, 2014 at 4:00 pm. Reserving funds is essentially locking the loan and committing to delivering the transaction to WSHFC. Reservations cannot be done unless there is a bona fide transaction with a closing date that will meet the delivery date of the reservation (lock period).
Kent Home Buyer Education Class
September 26, 2014 by Leave a Comment
I will be teaching a home buyer class in Kent with Ira Sacharoff of Better Properties Real Estate on Saturday, October 11, 2014 at Mortgage Master Service Corporation’s home office which is located just south of South Center on West Valley Highway.
Seattle Home Buyer Education Class on November 8, 2014
September 20, 2014 by Leave a Comment
NOTE: This class has been rescheduled for another date and location.
I will be teaching a home buyer class in Seattle with Jim Repppond of Coldwell Banker Danforth on Saturday, November 8, 2014 at the Greenwood Library in Seattle.
The class is sponsored by the Washington State Housing Finance Commission. Students who attend are eligible for programs like Home Advantage or House Key Opportunity (the Washington state bond program) or Freddie Mac Home Possible. Students are also eligible for various down payment assistance programs and MCC (mortgage credit certificates).
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