Free Home Buyers Seminar – October 17th, 1-2pm

FREE SEMINAR The Road to Home Ownership – An Informative Seminar Addressing:
Is this the right time to buy?
Is my credit good enough?
What can I afford?

Light Refreshments and handouts will be provided. Please join us!

When: Saturday, October 17th, 1-2 p.m.
Location: 12581 Milstead Way, Suite 400, At the corner of Hoadly Rd & Prince William Parkway
RSVP: Donna Williams at 571.330.1928 or Donna@DonnaWilliamsRealty.com

Sponsored by Century 21 New Millennium and First County Mortgage.

FHA Condo Guidelines

Effective November 2, 2009, the FHA is changing its guidelines for spot approval loans as well as updating it’s current requirements for FHA financing in condo developments. Here’s a link to the details posted on the HUD website on June 12, 2009 – http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-19ml.doc

Check to see if a condo is on the FHA Approved list prior to writing a contract here – https://entp.hud.gov/idapp/html/condlook.cfm

A special thanks to the Lafayette Report Blog for bringing this to my attention – http://lafayettereport.activerain.com/post/1268098/new-fha-guidelines-for-condo-loans-eliminating-the-spot-approval-process-take-effect-on-november-2-2009