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Valley Homes (sold in your neighborhood (April 20) | Real Estate listings
Rentals | Modesto-area January home prices
In a recent column, I pointed out that mortgage lenders today can make a loan with only 3 percent down to a borrower with a steady job but a credit score of only 570, and have it insured by the Federal Housing Administration. But lenders can't or won't accommodate a self-employed physician who can't adequately document enough income, even if the physician can put 30 percent down and has a credit score of 800. Considering that the likelihood of default is at least 10 times higher on the first mortgage, this is insane.
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Foreclosure prevention help
Click below for tip sheets and worksheets from various federal agencies.
• PDF: NHLB Assistance Authorization Form
• PDF: Housing Monthly Budget Worksheet
• Advice on how to avoid foreclosure
• Steps toward keeping your home
• HUD approved counseling agencies
• Budget worksheet for home ownership
• FHA Secure information
Click below for tip sheets and worksheets from various federal agencies.
• PDF: NHLB Assistance Authorization Form
• PDF: Housing Monthly Budget Worksheet
• Advice on how to avoid foreclosure
• Steps toward keeping your home
• HUD approved counseling agencies
• Budget worksheet for home ownership
• FHA Secure information
