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Condo Association Funding Requirements For Fannie Mae Loans
Fannie Mae is becoming more strict with their loan requirements as they deal with how much money condo associations keep in reserve. Every condo association is unique, and they cover a number of services for their residents. Some cover trash, … Continue reading
Posted in Cincinnati Real Estate, Condo, Mortgages and Finance Tagged Condo loans, Fannie Mae, fha loans Comments Off
HUD Reversal: $8,000 First Time Homebuyer Tax Credit Clarification
I wanted to clarify the information that was released by HUD since the information they released last week was very generic. What I found out is that the proceeds of the $8,000 tax credit can only be used toward downpayment … Continue reading
$8,000 Tax credit cannot be used for down payment
The Arizona Republic ran a story about the fact that Federal officials on Monday reversing an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home. Lenders, home builders … Continue reading
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