ABQ-Owner Financing
(505) 463-5489
  • Email
  • Facebook
  • Twitter
  • Home
  • Reviews
  • Search Properties
    • Search All Owner Financed
    • Search by Neighborhood
    • Featured Listings
    • New Listing Alerts
    • User Login
  • Buyer Education
  • About Us
    • About Us
    • Links
    • We Now Have HARD MONEY!
  • Contact
  • Refinance Center
  • Sell
  • Blog

New FHA Refinance Rules for Owner Financing

February 1, 2015 by tschubert Leave a Comment

FHA (in all of their wisdom) has changed the Refinance transaction rules for Owner Financing. Previously when you refinanced an Owner Financed transaction using FHA you were able to obtain a loan up to 96.5% of the appraised value of the home. Now FHA is limiting that loan to value to 85% of the appraised value (or a cash out transaction). There is still conventional financing available up to 95%, but the  guidelines for past bankruptcies, short sales, and foreclosures are much stricter. Please consult with a mortgage provider prior to going under contract as to determine the length of owner financing you require. Our preferred Mortgage Lender is Sherry Chadwick @ Loan Logic. She can be reached at 505-259-6440.

Filed Under: Uncategorized

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New Listing Notifications
Search
Owner Financed

Categories

  • Uncategorized

ABQ-Owner Financing

BHHS NM Properties
6711 Academy Rd NE Suite B
Albuquerque, NM 87109

(505) 463-5489 (Direct Line)
(505) 798-6355 (Alt. Line)
(505) 720-1171 – Si Hablo Espanol
(505) 798-6300
Contact Us

ABQ-Owner Financing

Our goal is simple, “Place GREAT people in GREAT homes.” Our team has over 10 years in the Mortgage Banking industry as well as 17 combined years in Commercial and Residential Real Estate. Meet Us

  • Email
  • Facebook
  • Twitter

sitemap   •   admin   •   ©2023 All Rights Reserved