By Dean Tucker, Waterstone Mortgage - Prime Equity Group in Boise Idaho
Congress has passed - and President Obama has signed into law - legislation to renew the NFIP (Flood Insurance) through May 31, 2010. NAR will continue to work with Capitol Hill to ensure a lasting reauthorization prior to May 31.
Also this week, Reps. Paul Kanjorski (D-PA) and Shelley Moore Capito (R-WV) introduced a bill to restore the USDA rural housing 502 single family mortgage insurance program. The legislation will increase the upfront guarantee for the program, which will allow the loan program to be self-sustaining. Borrowers will continue to be able to finance the upfront fee. The House is expected to mark-up this legislation next week, with a House vote for passage shortly thereafter. The Senate is now working on a similar bill.
I specialize in home loans for first time home buyers, move up buyers, second home purchases, and resort lending. The loan products available to my clients include FHA, IHFA, VA, Conforming Conventional, Jumbo and Super Jumbo Portfolio.
My primary markets are Ada County (Boise, Eagle, Meridian, Kuna, Star), Canyon County (Nampa, Caldwell, Middleton), and Valley County (Cascade, Donnelly. Tamarack, McCall).
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