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State launches new 3.5 percent mortgage program
Posted by admin / Under Stated Income Loan
The West Virginia Housing Development Fund is offering 30-year, fixed-rate loans at 3.5 percent interest to low- and middle-income homebuyers who qualify for the program.
Published on Thursday 29th of July 2010 02:09:24 PM
USDA Loans, Mortgages For Rural Farmers and Low Income Farmi
Posted by admin / Under Stated Income Loan
The Rural Housing Service (RHS) of the United States Department of Agriculture (USDA) sponsors home loans referred to as Section 502 loans. Under Section 502, direct loans
Published on Thursday 29th of July 2010 02:09:24 PM
- Georgia gets another $30M for home loans
Posted by admin / Under Stated Income Loan
Georgia is receiving an additional $30 million in Recovery Act funds for direct home loans through USDA Rural Development, when pooled funds from all states are redistributed from Washington, D.C. These loans are for qualifying families considered to have low and very low incomes to purchase or build a home in a rural area.
Published on Thursday 29th of July 2010 02:09:24 PM
Shopping Center Financing
Posted by admin / Under Stated Income Loan
City Capital Finance specializes in providing service when it comes to shopping/retail center commercial loans with both full documentation and stated income variants
Published on Thursday 29th of July 2010 02:09:24 PM
No Doc Mortgages AKA: 'Liar Loans' Make a Comeback
Posted by admin / Under Stated Income Loan
All the rage during the peak of the housing boom, these mortgages went by names like "no-doc" (meaning no documentation of income required), "low-doc" or "stated-income" mortgages. In all cases, banks set aside their underwriting standards based on what borrowers could prove they were earning with pay stubs, tax returns and the like.
Published on Thursday 29th of July 2010 02:09:24 PM
This Day In History
Spanish Armada: was defeated by the English, led by Sir Francis Drake (1588)
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