From the category archives:

Government Programs

FHA Makes Move to Reduce Exposure to Risk: In English – It’s going to cost you more to get an FHA loan!

BREAKING NEWS: Upfront Mortgage Insurance Increase beginning April 5th, 2010
The increased up front mortgage insurance premium will appear on all FHA mortgages that receive a case number after April 5th, 2010.

PRESS RELEASE: January 20th, 2010 – Deciphered into (highly biased and subjective) English by me on January 21st, 2010.
I basically cut out a lot [...]

11 comments Don\'t stop there - Keep on Reading →

New Good Faith Estimate – Definitely a Step in the Right Direction

by Scott Schang December 21, 2009 Buyers Beware!

I tend to be a bit cynical when it comes to expecting the bad apples to be good apples just because new rules require them to, but in this case, I think the new Good Faith Estimate is a step in the right direction.
In January, I will have a live class explaining the details of [...]

2 comments Don\'t stop there - Keep on Reading →

Good Neighbor Next Door Program

by Scott Schang December 13, 2009 Good Neighbor Next Door

About Good Neighbor Next Door
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you [...]

0 comments Don\'t stop there - Keep on Reading →

Law Enforcement-Teachers-Firefighters-EMT Eligible for Good Neighbor Next Door Program

by Scott Schang December 13, 2009 Good Neighbor Next Door

Who is Eligible for the Good Neighbor Next Door Program?
The U.S. Department of Housing and Urban Development (HUD) wants to make American communities stronger and to build a safer nation. The Good Neighbor Next Door (GNND) program helps make this goal a reality by encouraging law enforcement officers, pre-K through 12th grade teachers and firefighters/emergency [...]

0 comments Don\'t stop there - Keep on Reading →

Good Neighbor Next Door Program: Frequently Asked Questions

by Scott Schang December 13, 2009 Good Neighbor Next Door

Question: What is the Good Neighbor Next Door (GNND) Sales Program?
Answer: HUD wants to strengthen America’s communities. The Good Neighbor Next Door Program offers HUD owned single family (one-unit) homes to eligible participants at a 50% discount.
Question: Am I Eligible for the GNND Sales Program?
Answer: Law enforcement officers, teachers and firefighters/emergency medical technicians and who [...]