Author Archives: MortgageWorkbench

FHA Asset and Gift Guidelines

Dealing with assets and Gifts when it comes to FHA loans can be tricky.  Learn how to give or accept gift funds for real estate deposit, down payment, closing costs, taxes and insurance.   Watch the below short video: If you … Continue reading

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Plymouth County Eligible – Ineligible USDA Towns – Cheat Sheet

Here is the quick reference sheet for Plymouth County 2013 USDA eligible and ineligible towns effective October 1, 2014. Plymouth County USDA Ineligible Towns Abington, Bridgewater, Brockton, Carver, Duxbury, E. Bridgewater, Hingham, Hanover, Hull, Kingston, Lakeville, Marshfield, Middleborough, Norwell, Pembroke, … Continue reading

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Worcester County Eligible – Ineligible USDA Towns Cheat Sheet

Effective October 1, 2014 many towns in Massachusetts are becoming ineligible for USDA financing.  There has been some confusion among real estate agents and borrowers over the newly added USDA ineligible towns.  Hopefully this post will clear things up a … Continue reading

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MortgageWorkbench Sponsors The Michael Graham Show

Check out my interview on the Michael Graham show live from the Home Show in Foxboro, MA.

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My New Radio Ad – Live Read on The Michael Graham Show

On March 22nd, I had an opportunity to sponsor the Michael Graham show Live at the Foxboro Home Show.  It was a blast and Michael Graham is not just a great guy, he completely exceeded any expectations I had for … Continue reading

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USDA Update

USDA Home Loan Update: The USDA has revised Form 1980-21 Request for Single Family Housing Loan Guarantee, the revised version of which must be included in the file when submitting loans for review.  Consumers interested in applying for a USDA … Continue reading

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USDA Fee Change for Fiscal Year 2013 Effective October 1st 2012

The USDA up-front and annual fee structure will be changing on October 1st with the arrival of the new fiscal year.  For purchase and refinance transactions, the Up-Front Guarantee fee will be 2% (an increase from the previous 1.5% for … Continue reading

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U.S. Home Prices Projected to Stabilze Through 2013

The S&P Case-Shiller Home Price index shows the fifth straight monthly gain in home prices, and puts the index .5 percent above last year’s levels. This marks the first positive reading in almost two years. Home Prices are forecasted to … Continue reading

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USDA Loan Alert: Annual Guarantee Fee Changes for FY 2013

USDA has issued a bulletin this week announcing that the up-front guarantee fee and annual fee will be revised as follows effective with conditional commitments issued October 1, 2012 (start of fiscal year 2013).  Note that the effective date of … Continue reading

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Upside Down Homeowners Have Refinancing Options in 2012

Many homeowners want to take advantage of the current low interest rates this year, but since 2005 the real estate market has been on a steady decline in most areas.  The plunge in values causes problems for homeowners who are … Continue reading

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