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Twin Cities Real Estate News

Blog by john mazzara
Edina, Minnesota

Let's talk about the Twin Cities Real Estate Market. I will post helpful links and answer questions about real estate or mortgages. I live and work in Minnesota, so some of my ideas may focus specifically on Minnesota real estate or mortgage regulations applicable to our state.

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Twin Cities Real Estate News

FHA 203B| FHA 203 Streamline Lite Version| FHA 203K FULL version

Jan. 7, 2009

Have you ever wanted to know the difference between FHA loan types?  We've put together a few slide shows that explain some of the characteristics of FHA mortgages.  In our Minnesota real estate marketplace, we are seeing 1/3 to 1/2 the financing being FHA.  Some of the special rehab money which would be great for scratch and dent REO and foreclosure propertys are not used often enough.  Not all lenders offer the rehabilitaion funding.  FHA 203K loans are available in Minnesota.  You may need to contact a mortgage broker who is able to do FHA financing to find this loan.  If you are a real estate agent that wants to sell more homes, you need to make yourself aware of various programs and where you can get these loans.  In Minnesota-visit http://www.VentureLoanApp.com

 

 

 

Fha Home Loan
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