Indiana Real Estate Post

State and Local Housing Programs

Many state, county and local government programs offer financing for qualifying low-to-moderate income families wishing to purchase their first home. Loan assistance programs like Mortgage Credit Certificate (MCC) offer a partial tax credit for interest on the loan. These programs typically offer: More relaxed qualifying guidelines Lower upfront fees Lower interest rate Fixed rate

February 13th, 2012 | Featured Loan Programs, State and Local Housing Programs

VA Loans

Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Here's how it works: 100% financing without private mortgage insurance or 20% second mortgage. A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA. When purchasing a...

February 6th, 2012 | Featured Loan Programs, VA Loans

Quick Quote

Thank you for your request.  Check out my Video on how to get the best Indianapolis Mortgage Rate Quote.   <br /> <br /> <br /> <br /> <br /> <br /> Play a stock market game Get a stock quote

December 15th, 2011 | Featured Loan Programs, Quick Quote

USDA Rural Housing

RURAL HOUSING PURCHASE PROGRAM This is a 100% Purchase program for homes in eligible areas that meet the income limits for that area. A 2% fee for Rural Housing is added to the loan. Do not use any other method to calculate the loan amount. This fee is tax deductible. There is no monthly fee for Rural Housing, or any PMI. Seller contribution limits for closing costs on the loan is six percent. If the contributions are going to be higher, the appraiser has to certify that it has not impact on the value of the home. The loan can always be based on the appraised value, rather than the purc...

November 21st, 2011 | Featured Loan Programs, USDA Rural Housing

Conforming Loans

Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price. Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans. Fannie Mae and Freddie Mac onl...

November 7th, 2011 | Featured Loan Programs, Conforming Loans

Pages: < Previous 1 2 3

Real Estate News

Check Out These Video's

listing booster

Learn How to Sell Homes that Need Rehab

Q & A on FHA 203k

Roofs for Troops



5 Ways to Help First Time HomeBuyers

Indy Mortgage

8730 N Brookside Blvd
McCordsville, Indiana 46055
NMLS: 116854

Find Us

" );