Redding CA real estate listings and homes for sale, home buying, home selling information – Amerigroup Loan Center

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Home Path Loan

February 1st, 2010 9:12 AM

If you buy a Fannie Mae home that states it qualifies for Home Path financing you can purchase the home for 5% down payment and have NO mortgage insurance premium. They also offer this financing as a renovation loan that you can include up to 20% or $30,000 to fix up the home. To make this deal even better, they are temporarily offering an incentive from now until April 30, 2010. This incentive includes Fannie Mae paying 3.5% of the closing costs or you can use that amount to purchase new appliances. There are few lenders who can provide Home Path financing. We are one of them. Call for further details.

Posted by Rebecca Isner on February 1st, 2010 9:12 AMPost a Comment (0)

FHA Increases Upfront MIP

January 28th, 2010 11:06 AM

FHA will increase the up-front mortgage insurance premium on April 5, 2010 to 2.25%. The new premium is effective for all purchase and refinance transactions. This is an increase of .5% over the current up-front MIP. On a $200,000 loan, this is a difference of $1,000.

Posted by Rebecca Isner on January 28th, 2010 11:06 AMPost a Comment (0)

VA Now Allows for 100% Refinance

January 5th, 2009 1:15 PM

Veterans are now allowed to refinance their current home with a loan for 100% of the appraised value. This will help Veterans that need to refinance and the value of their home has dropped. The loan would be limited to 90% if the home is a manufactured home on permanent foundation.

Posted by Rebecca Isner on January 5th, 2009 1:15 PMPost a Comment (0)

Purchase a Home with little-to-no money out of pocket!

July 1st, 2008 9:10 AM

You deserve the best opportunity possible to achieve the dream of homeownership. If you can afford a mortgage loan, but lack the resources for the down-payment and closing costs involved with purchasing a home this Loan Program may be able to help.

The Loan Program offers affordable mortgage loan options, designed to help you purchase a home with little money out of pocket. You may not need to come up with any of your own funds for the down-payment or for closing costs. For many homebuyers, this means being able to purchase a home much sooner than anticipated.

These are 30 and 40 year fixed rate mortgage loans, and easy to apply for. The income limits are higher than many other assistance programs. Best of all, you don’t have to be a first-time homebuyer to qualify.

Features to Save You Money

· Low-to-no down payment requirements

· Longer loan terms (up to 40 years)

· Lower monthly payments available with 40 yr term

· Finance most, if not all, closing costs

· Total financing available up to 105% of the sales price

Flexible Qualifying Guidelines

· You don’t have to be a first-time homebuyer

· Income limits are higher than many assistance programs

· Only the income of qualifying individual(s), is calculated

· No purchase price limit

· 1 and 2 unit primary residences qualify

· No recapture tax

Great Program!

Posted by Rebecca Isner on July 1st, 2008 9:10 AMPost a Comment (0)

Declining Market Update for Shasta County

June 25th, 2008 4:01 PM

Lenders are now updating their guidelines to eliminate the declining market requirements. Earlier this year most lenders and PMI companies put on a 5% reduction to Loan-to-Value requirements due to the Declining Market Status. This is great news for the First Time Homebuyer as well as anyone who has limited cash to purchase a home with.

Posted by Rebecca Isner on June 25th, 2008 4:01 PMPost a Comment (0)