HUD Home Financing in Puyallup WA is not only easy but very affordable. If you are thinking of purchasing a home, consider HUD homes as a valuable and affordable alternative. With the right HUD Home Financing the process is simple and the end result equals great value.
One of the available HUD Home Financing alternatives is a 203K Rehab loan which allows buyers to finance the home and make improvements and remodels added on to the loan making the home exactly the way they want it, and financed at a low interest rate over the loan term.
It is important to have an agent familiar with the HUD Home process and a lender familiar with the HUD Home Financing to make it as smooth and seamless as possible. Call Trish Cole MNLS#120968 (253)770-5668 for a free Color Listing of HUD Homes in Pierce County.Equal Oportunity Lender.
FHA Mortgage Inusurance Premium is scheduled to increase on April 18th. HUD has announced effective with case numbers assigned on and after April 18, 2011 the Annual Premium will increase by 25 basis points. There are no changes to the Upfront Mortgage Insurance Premium (UFMIP).
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MORTGAGE INSURANCE PREMIUMS |
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Loans > 15 years |
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UFMIP= 100 bps |
Annual Premium |
|
|
LTV |
Through 4/17/2011 |
On/After 04/18/2011 |
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< 95.00% |
85 bps |
110 bps |
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> 95.00% |
90 bps |
115 bps |
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Loans < 15 years |
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UFMIP = 100 bps |
Annual Premium |
|
|
LTV |
Through 4/17/2011 |
On/After 04/18/2011 |
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< 90.00% |
None |
25 bps |
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> 90.00% |
25 bps |
50 bps |
For any questions about FHA Mortgage Insurance Premium, or how to qualify for a FHA home mortgage please contact Trish Cole NMLS 120968 with Community One Financial at tcole@communityonefinancial.com or www.trishcole.com.
VA Home Loans in Puyallup WA are going strong. The VA Loan is an excellent loan program for veterans. It allows zero down on your home purchase with the lowest mortgage insurance available. The popularity of the VA home loan had waned in the past years, but has once again seen renewed well liked as the number of zero down home loan programs have decreased.
The VA Home Loan had earned an underserved reputation as a burdensome and potentially difficult loan program. Particularly the home appraisal aspect. Many things have changed and improved in recent years, including an automated system to assist in streamlining the Veterans eligibility process.
The ordering of appraisals and the return of appraisals has improved greatly, in the last few years. Anyone who has served, and is currently serving, in the armed forces would do well to look into the benifits of the VA Home Loan. Please do not hesitate to contact me for further information on the many benifits tcole@communityoneonline.com or www.trishcole.com.
Zero Down Home Loans in Puyallup WA are still avaiable for those who qualify. There are several programs available to assist home buyers purchase their first home with no money down. There are education classes available for zero down home loans in Puyallup. Every third Saturday from 10 am until 3:00pm at Windermere Real Estate 12114 104th Ave E Puayllup WA 98374.
The class instructors are certified to teach the Washington State Housing Finance Commission classes. They are Trish Cole NMLS 120968 Licensed Loan Originator and Cathy Morris Licensed Real Estate Broker with Windermere Real Estate.
Participants receive a certificate that allows access to several programs for zero down Home loans in Puyallup and the Pierce County area. Registration is available by email cdmorris@windermere.com or tcole@communityoneonline.com.
Classes are valuable for everyone thinking about buying a home. They cover the lending process, Real estate professional role, bugeting, debt, credit and insurance to name a few topics. There is no coast for the class, other than the time you spend.
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