Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
Most homeowners know that an FHA Streamline Refinance can lower their rate and payment with minimal documentation and no appraisal. What many people don’t realize is that this same program is available for investment properties — as long as the existing mortgage is FHA-insured.
If you originally bought a home with FHA financing and later converted it to a rental, you may still be eligible to refinance it under the FHA Streamline program. Here’s what you need to know. [Read more…]
⚠ HomePath Program Ended October 2014
This post references the Fannie Mae HomePath Mortgage, which was retired in October 2014. Foreclosed homes — including Fannie Mae-owned properties — can still be purchased today using conventional, FHA, VA, or USDA financing. See today’s low-down-payment options for buying a home in Washington State →
Zillow has added a “foreclosure center” where you can search for foreclosed homes in your neighborhood. The search includes bank owned homes (REO) and pre-foreclosures (a home that is getting to auction).
Here’s a snap shot of what Zillow is showing as current foreclosures in West Seattle. The red houses are foreclosures and the blue houses are pre-foreclosures.
