Ethical Homes

Sustainable Mortgage & Real Estate Solutions

Documentation Needed To Get A Condo Development Approved For FHA Financing

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

Interested in applying to get your condo development approved for FHA financing? Here’s a quick overview of the documents necessary to submit your application. Read the rest of this entry »

How To Get A Condo Development Approved For FHA Financing

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

In late 2009, HUD announced a new process for approving condo developments to be eligible for FHA financing on the units contained in them; unfortunately, a lot of people aren’t aware of the details of how the new system works, causing issues for sellers, buyers, agents, and condo associations alike. Here is a quick overview of how interested parties can get a condo development FHA-approved, including ways that the Ethical Homes team can help to expedite the process. Read the rest of this entry »

Reminder About Upcoming FHA MIP Increase

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

Just as a reminder, FHA will be increasing the mortgage insurance premiums that they charge on FHA-insured loans, beginning April 18, 2011. Read the rest of this entry »

Low-FICO Lending Programs

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

Ethical Homes has a wide variety of lending options available for borrowers with low FICO scores. Read the rest of this entry »

FHA Streamline Refinances: Significant Savings With Looser Guidelines

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

For borrowers who currently have FHA mortgages, using an FHA Streamline Refinance can provide significant savings, and can often also allow minimal documentation and looser underwriting guidelines, which in some cases can allow refinances for borrowers/properties that otherwise might not be eligible for refinances. Read the rest of this entry »

HUD Increases FHA Mortgage Insurance Premiums

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

The US Deparment of Housing and Urban Development has announced yet another increase in the mortgage insurance premiums charged for FHA loans. Read the rest of this entry »

FHA Announces Extension Of Condo Project Approvals

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

Many FHA-approved condominium projects were due to have their approvals expire on 12/7/10; as had been anticipated, FHA has officially announced that those expirations will be push back to allow more time for approval renewals to be processed. Read the rest of this entry »

Last Chance To Lock In Old FHA Fees

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

As previously noted, HUD will be instituting new, higher fees on FHA loans for casefile numbers issued on or after this coming Monday, 10/4/10; borrowers who have already identified properties of interest can still lock in the old fee structure by having their lender issue a new casefile number for them before that deadline. Read the rest of this entry »

FHA changes mortgage insurance premiums

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

FHA issued a notice yesterday that it will, as expected, make some fairly substantial changes to the mortgage insurance premiums that it charges to FHA borrowers. Read the rest of this entry »

FHA announces new guidelines for post-short-sale mortgages

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Please note that Ethical Homes is not currently taking on any new cli ents.  If you have questions, feel free to submit an inquiry using our cont act forms; however, please be aware that there may be an extended delay before w e are able to respond to you. If you have been referred to us by one of our prio r clients, we would be glad to connect you to trusted partners who can help you; however, as noted above, our response times for inquiries using this website wi ll be delayed, so the best approach would be to have the person who referred you to us contact us by phone or email.

FHA just released mortgagee letter 09-52, which lays out the guidelines under which borrowers who have previously completed a short sale of a property can qualify for a new mortgage using FHA financing. Read the rest of this entry »

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