Columbus Loans & Home Mortgages

You don’t have to be a veteran to buy a home from VA (Veterans Administration). And you can use different Columbus loans to finance your purchase. VA homes are foreclosed properties that were originally funded by home mortgages secured by VA. Anybody can by a VA home. The good news is that VA offer special [...]

One third of Americans have a credit score of less than 620. Zillow.com studied 25,000 online home mortgage applications and found that prospective home buyers with credit scores lower than 620 could not get Columbus loans approved, even when they were able to make a down payment of 25% of the purchase price. Only 47% [...]

Fannie Mae is one of the biggest sellers of REOs (bank owned homes) in the country. In order to reduce their inventory of 283 homes for sale in Franklin County OH alone, they offer new incentives, which make Columbus loans on Fannie Mae home purchases even better than FHA loans. You can find details on [...]

Congress is considering a new law that would require home mortgage lenders to review short sales within 45 days. Will this new rule help home owners whose Columbus loans are in default? Click on the image or the link below to read what they propose: House Bill Would Force Lenders to Decide on Short Sales [...]

The end is near! In a little more than a month, on November 30, 2009, one of the best ever incentives to buy Columbus houses will expire. The federal tax credit is a true gift from the government for first time home buyers to get a refund 10% of the purchase price (up to $8,000) on [...]

At the end of last week we received an email from our favorite loan officer. She told us that FHA changed guidelines for minimum credit scores required to ensure loans. Until now it was still possible to get Columbus loans with credit scores as low as 580. Fifth Third Bank was one of the few [...]

When you finance a HUD Home with a Columbus home mortgage, the government gives you many incentives. Most incentives require FHA financing. This means that you will have to move into the house, so you can’t buy it as an investor. Most HUD listings are in contract very quickly.  You really need to move quickly, if you [...]

Most people know that their payment history has an effect on their credit scores. There are several other factors that affect your credit score when you apply for Columbus loans. Here are 5 interesting facts about credit scores that may surprise you: 1. Income: Your income level has no bearing on your credit score, but [...]

A few days after the economic stimulus bill President Obama signed the so called Homeowner Affordability and Stability Plan with the goal to stem the flood of foreclosures and keep home owners in their houses. Here’s how the plan is supposed to work: It should allow homeowners who are not behind in their mortgage payments [...]

Less than a week ago President Obama signed the American Recovery and Reinvestment Act of 2009 in law. It is more commonly known as the economic stimulus bill. For first time homebuyers it contains a $8,000 tax credit which could mean real cash in your pockets, if you buy a Columbus House. Here is how [...]