by The 2 Mortgage Guys | Jan 20, 2010 | Indiana Mortgage Blog, Program Changes
Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the FHA’s capital reserves, while enabling the agency to continue to fulfill its mission to provide access to homeownership for under served...
by The 2 Mortgage Guys | Sep 30, 2009 | General News & Information, Indiana Mortgage Blog, Program Changes
Come January 2010, the federal government has mandated a few new forms to be used on real estate and mortgage transactions. There is a new HUD1 Settlement Statement and a new Good Faith Estimate. The HUD1 is a document that is signed at closing to document the final...
by The 2 Mortgage Guys | Aug 18, 2009 | First Time Homebuyers, Government, Indiana Mortgage Blog, Program Changes, Tips
Currently all FHA mortgage loans require a 3.5% downpayment. If you’re fortunate enough to fall in love with a HUD owned home for sale, you can get in with a $100 if you intend to occupy it as your principal residence. You have to otherwise qualify for a FHA...
by The 2 Mortgage Guys | Jun 4, 2009 | First Time Homebuyers, Government, Indiana Mortgage Blog
There’s been a lot of talk about this in the real estate industry. Let’s face it, most people don’t have a down payment set aside to buy a home. Everyone’s sick of renting and with home prices and interest rates at an all time low, everyone...
by The 2 Mortgage Guys | Jun 1, 2009 | "Show & Tell" Audio Podcasts, Indiana Mortgage Blog
Have you ever wondered who Fannie Mae and Freddie Mac are? What do they do and how do they effect your mortgage? Check out this short podcast and we’ll give you a little history and explanation of these government run organizations. DOWNLOAD OR...
Indiana 203k Mortgages
Indiana USDA Mortgages
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