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FHA Loan Tips


Shop the Loan price not the rate --what does that mean?
After my nearly 40 years in lending, there is one constant I can attest to. The bigger the lender the higher their loan price! What exactly is the loan price? It's the combination of the rate and lender fee tied to that rate. For example on a given day a rate might be 5% with $3k in lender fees, or 5.50% with $1k in lender fees. The higher rate means less lender fees, while a lower rate has higher lender fees. Lenders who play the rate game know nearly everyone focuses o


FHA minimum property standards and inspection requirements
FHA existing property condition screening checklist


Conventional, FHA, VA, USDA, how do these loan programs compare?
Loan programs have different costs and qualifying requirements. Here are some tips to help you choose what's best for you based on your qualifying criteria and the property. FYI-this article will not include any down payment assistance program info. That will be covered in a different article. Quick tips on the 4 most common loan types The 4 most common loan types with their minimum down payment are listed below. Conventional (Fannie Mae & Freddie Mac), FHA and VA typicall
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I just closed on a second home in a highly controlled mountain community with wildfire risk. Dennis came highly recommended by my realtor, and soon after my initial communication, I quickly knew why. Dennis was not only very knowledgeable, but he is very responsive and patient. I had many questions, since this is my first vacation home purchase in California. Not only was he very prompt with his responses, but the whole transaction was relatively painless. Will I use him again? YES. Will I recommend him to my friends and family? Definitely!
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