Ray Adams's (adamsrb) Blog

Home Funding Corp. has received Unconditional Direct Endorsement Approval from the Federal Housing Administration. This designation as a "Full Eagle FHA lender" means the bank can now originate, fund, hold, service, purchase and sell FHA-backed mortgage loans. The big thing for a borrower about t...

Unless you drive a hybrid car or ride your bike to work, there’s no way to escape the high gas prices. But there are ways you can get better gas mileage out of our vehicles – which will save you money in the long run, according to Edmunds.com, an online resource for automotive information. Here a...

We all know the importance of being informed before taking out any loan, and as more and more people take out FHA Loans it’s critical to understand your obligations before starting the process. A simple way to do this is by using a mortgage calculator. One of these such tools can be found at the ...

With the right combination of programs, banks and mortgage consultant; you can still obtain 105% financing.    Capitalize on opportunities to meet the home financing needs of your borrowers looking for low down payments and flexible sources of funds, including first-time home buyers, and move-up...

HUD has amended the FHA Secure Initiative with additional underwriting guidelines.  FHA Mortgagee letter 2008-09 was issued and it basically states:A second appraisal will be required on FHA loans when:1. The loan amount exceeds $417,000, AND2. The LTV equals or exceeds 95%, AND3. The property is...

I am now an approved lender for NHSIE down payment assistance programs for the cities of Banning, Rancho Cucamonga, and Highland. I also work closely with the City of San Bernardino down payment assistance program.  I am still a participating lender for the City of Pomona down payment assistance ...

Mortgage Assistance Program (MAP) is a deferred loan program that provides eligible families with down payment and closing cost assistance to secure financing for the purchase of a single-family home or detached condominium in Pomona. There are no monthly payments and the second mortgage is due a...