Offset Your Mortgage in a Multi-Unit Building
For buyers who are looking for a home in a centrally located neighborhood, an excellent option is to owner occupy a flat in a multi-unit…
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Loans
Bright Future for TIC Lending in San Francisco
I was invited to a TIC Roundtable last Friday sponsored by Sterling Bank and Trust. The officers and lender reps were in attendance, as was TIC attorney…
5 Tips for Avoiding Home-Buying Loan Drama
Getting a loan in 2011 is no easy feat. Aside from generally needing a minimum of 20% down and stellar credit, there are some hotspots…
FHA Lending on 2-4 Unit Condo Projects Again
The FHA stopped granting what were called condo “spot approvals” in 2009. This meant that if you didn’t want to purchase a condo that was on…
Here’s the Latest on FHA Condo Loans
There’s been a lot of discussion among my colleagues and buyer clients about what condos might be available to buyers with FHA loans. So I…
Lender Trends See Buyers Scratching Heads
The real estate lending landscape has changed significantly in the past couple years. Lenders are girding themselves against fraud in many ways, and that trickles…
The Latest List of FHA-Approved Condo Buildings in San Francisco
The list of FHA-approved condo buildings isn’t a long one. So if you’re looking for a condo and are planning to use an FHA loan…
Mission’s Union Gets FHA Approval
One of the latest condo developments to get FHA loan approval is Union, the 76-unit complex at Bryant between 19th & 20th in the Mission….
Lenders Held to Good-Faith Estimate
Lenders now have to stand by their initial good-faith estimate that they provide borrowers, according to the Department of Housing and Urban Development (HUD). Closing…
New FHA Condo Rules Restrict Buyers
New Federal Housing Administration (FHA) financing rules for condo buyers are already limiting purchases—particularly in new developments. The FHA is now limiting the number of…
Ken Rosen: Take Advantage of Low Interest Rates Now!
The low interest rates we’re currently enjoying will be higher by the middle of 2010, according to economist Ken Rosen. I attended yesterday’s First Republic…
Yours Truly Quoted in the NYTimes on FHA Loans in Expensive Areas
I had the opportunity recently to speak with New York Times reporter David Streitfeld, who was working on a story about FHA loans in high-priced…
Fractional TIC Loans Thrive in San Francisco Market
I was surprised to hear recently that lender NCB recently suspended its fractional loan program. Which made me think: Are fractional loans here to stay?…
TICs Avoid Foreclosure Wave
Last week, our reader The Real Estate Whisperer asked about the health of the TIC loan industry. TICs apparently have an excellent track record when…
No More FHA Condo “Spot Approvals”
If you’re a buyer approved for an FHA loan, your choices are somewhat limited when it comes to condo possibilities. The FHA was okaying condo…