jbarrio5

[jbarrio5]

Lebanese food today at home. Humus, Kibbeh , and Muhammara. - @jose_photography_service

[jbarrio5]

Local real estate photographer in Orlando, FL with a passion for food.

[jbarrio5]

FHA 2018 Loan Limits Increased

FHA loan limits are higher for 2018

This is great news if you are a first time home buyer and want to take advantage of FHA’s lower downpayment requirements and less strict credit score guidelines when compared to a conventional loan.

HUD has updated information on the loan limits

  These new loan limits have taken effect for all FHA case numbers assigned on or after Jan. 1, 2018. This means…

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Six Things Not To Do When Applying For A Mortgage

Here is a list of six common mistakes that people do when getting a home loan. None of these rules are written in stone, but it is best to avoid them.

1 – Do not make major purchases like furniture, appliances, jewelry, vehicles or vacations.

What they really mean by this, is do not get in debt. Many times new home buyers will go out and purchase new things like furniture for their new home.

What…

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Purchase your Home with just 1% Down HomeReady program

Fannie Mae HomeReady

There is a new program available from several lenders called HomeReady 1% for first time home buyers.

This unique program is offered by Fannie Mae through it’s preferred lenders and allows for first time home buyers to purchase a home with very little money out of pocket.

As a result, HomeReady requires a 3% downpayment from the home buyer, but several lenders are making a 2%…

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Foreign National Loan Requirements Cheat Sheet

Foreign National Loan Requirements Cheat Sheet

This Foreign National Cheat Sheet will help you to easily explain the requirements for obtaining financing for a second or investment home for people living and working outside the US.

The Foreign National Cheat Sheet Visa & Valid Passport

Foreign National borrowers must show a valid copy of their passport and current Visa (Tourist Visa’s are ideal, student visa’s do not qualify, for a complete…

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How Soon Can I Buy a House After Bankruptcy or Foreclosure?

How Soon Can I Buy a House After Bankruptcy or Foreclosure?

Here is a quick cheat sheet on waiting periods after a Bankruptcy, Foreclosure, Short-Sale, or Deed in Liu.

These numbers do tend to change quite often, so always consult your lender before making any assumptions.

Even if you do qualify for a government-backed loan, you can always try a Non-QM (Non-Qualifying) loan. Some of these programs accept 1 day out of BK, so check with your loan officer or…