A Guide to the Pennsylvania Mortgage Market

90% Home Purchase with No Mortgage Insurance is now available for buying your next home in Pennsylvania.  Mortgage insurance is a requirement on Conventional purchases with less than a 20% down payment and all mortgages regardless of down payment under FHA.  Mortgage insurance protects the lender...

Does it pay to pay Mortgage Insurance? With the ever increasing Mortgage Insurance Premiums we have seen with FHA, more options for avoiding this insurance are starting to open up.  Sure, FHA has really low mortgage rates, but the high monthly mortgage insurance (MI) premiums often offset these l...

Buying a House with No Money Due at Closing is Possible with a 100% USDA mortgage.  A few weeks ago I had a customer purchase a property using a 100% USDA Mortgage.   At the closing, they actually got cash back for the $2000 Hand Money they deposited to secure the sales contract and the $375 the...

100% USDA mortgage is a great way to finance the purchase of your next home in Bedford County, PA.  These are great loans for those who qualify and the USDA loan remains as one of the true no down payment programs out there.  If the home appraisal allows, the closing costs can also be wrapped in...

Buying a 3-4 unit property in Pennsylvania is often a great investment.  The buyer obtains a primary residence and has extra units to rent out and collect extra income.  Often this extra rental income ends up covering the mortgage payment and expenses of the property.  This enables the owner to ...

  Using a 100% USDA mortgage is a great way to finance the purchase of your next home in Washington County.  These are great loans for those who qualify and the USDA loan remains as one of the true no down payment programs out there.  If the home appraisal allows, the closing costs can also be wr...

  The $8000 tax credit that expired at the end of June 2010 placed a lot of new homebuyers in their very first house.  Most of these first time buyers probably planned on owning these homes for years and years to come.  We all know that sometimes life gets in the way of even the best laid plans. ...

  My property is no longer in a USDA zone... can I still refinance with a USDA mortgage?    I had this question from a caller the other day and it was a good question.  They had read my recent post about USDA Refinancing and wondered if they would still be eligible for USDA financing since there ...

Using a USDA Refinance in Pennsylvania is a great way to lower the monthly mortgage payment on a USDA loan.  Rates are still near historic lows and taking advantage of these rate levels will benefit many who are seeking to refinance a USDA mortgage.   USDA refinances can only be used to pay off a...

  Achieving the dream of a free and clear home is more in reach than many homeowners realize.  The main benefit that is often touted when refinancing is that those who qualify can often lower their mortgage payment by several hundred dollars per month.  The new payments advertised with these low...