The Low Down Payment Mortgage Trap



Low Down Payment Mortgage Loans such as FHA, USDA, VA or any type of loan where you can make a down payment of 5% or less is basically a trap. It’s a trap that leaves the borrower “under-water”, even in a good market.

Miami-based Developer Renovating Affordable Housing Units



The Miami-based developer, Carrfour, has received federal funding for renovating Harvard House Apartments in North Miami Beach in order to provide 56 affordable housing units. The money is allocated through the US Department of Housing and Urban Development Neighborhood Stabilization Program 2 (NSP2). The purpose of the NSP program is to help revitalize neighbourhoods that have been […]

FHLBank San Francisco Gives $36.6M in Housing Grants



The Federal Home Loan Bank of San Francisco announced the second round of winners in its 2010 funding competition, awarding $36.6 million in Affordable Housing Program (AHP) grants.  The grants will help fund 60 projects with affordable housing needs in Nevada, Illinois , Colorado, New Jersey, Washington, California, and Arizona.  The projects will help create […]

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