Homeowner Affordability and Stability Plan: FAQs
Part of Obama’s attempt to stabilize our housing market is the Homeowner Affordability and Stability Plan. There are two initiatives that are included within this plan. One is for homeowners that have between an 80% and 105% Loan-to-Value ratio in their home...2009 Loan Limits Set to Increase
Many of you know that the high balance conforming loan limit decreased from $729,750 to $625,500 in January 2009. This has hurt many people whose loans fall into that bracket. But there is good news! The House and Senate passed the American Recovery and...Minimum Down Payment Requirements
I received a lot of additional questions to my January 26th post regarding the 5% down payment option, so I would like to go over down payment requirements for other property types and loan amounts. The following is limited to conventional loans. Down payment...5% Down Payment, Conventional Loan Available
UPDATED JANUARY 13, 2010: Please refer to my most recent post regarding minimum down payment requirements. They are based on loan amount range as well as property type....UPDATE: 2009 Appraisal Requirements: The Home Valuation Code of Conduct
I wrote a blog post on this subject in September. To get a better understanding of its foundation, see my previous post: http://loansbyireneblog.com/2008/09/02/for-better-or-for-worse-new-appraisal-process-come-january-2009/ Essentially, the Home Valuation Code of...Loan Calculator
Try for free!
Free eBook
