http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/ About The Mortgage Industry & Real Estate Sat, 22 Nov 2008 00:05:08 +0000 http://wordpress.org/?v=2.6.2 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-120 Jeff Rickard Thu, 17 Apr 2008 21:40:28 +0000 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-120 It is still 20% down payment to not have mortgage insurance. The changes are coming in that they always offered mortgage insurance if you put less than 20% down. Now, in declining markets, which is basically all of Colorado front range, they will not do mortgage insurance on investment properties or on any cash out refinances. They also have credit score requirements in deciding if they will do mortgage insurance. They are not just a service provider anymore, they are a decision maker! It is still 20% down payment to not have mortgage insurance. The changes are coming in that they always offered mortgage insurance if you put less than 20% down. Now, in declining markets, which is basically all of Colorado front range, they will not do mortgage insurance on investment properties or on any cash out refinances. They also have credit score requirements in deciding if they will do mortgage insurance. They are not just a service provider anymore, they are a decision maker!

]]> http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-119 Jim Murphy Thu, 17 Apr 2008 18:51:58 +0000 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-119 Jeff, these days, how much down do you have to place to avoid mortgage insurance? In the past it's been somewhere near 20%. Are the insurance companies requiring higher down payments? Jeff, these days, how much down do you have to place to avoid mortgage insurance? In the past it’s been somewhere near 20%. Are the insurance companies requiring higher down payments?

]]> http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-111 Debra Rickard Tue, 01 Apr 2008 17:28:38 +0000 http://1760mortgageguide.com/2008/03/27/other-players-slowing-down-chfa-process/#comment-111 This is so true Jeff, this adds another hurdle to the loan approval. However the good news is Genworth Mortgage is still allowing CHFA to do 100% LTV on My Community and Home Possible which has been reduced to 97% in the local market. This is so true Jeff, this adds another hurdle to the loan approval. However the good news is Genworth Mortgage is still allowing CHFA to do 100% LTV on My Community and Home Possible which has been reduced to 97% in the local market.

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