Luke Carrier's (lcarrier) Blog

It is with great pleasure to announce that Lakeland Mortgage is bringing Walter Sanford to Minneapolis to speak on Thursday September 17th from 9- 12:30 at the Sheraton Hotel in Bloomington.  This is a free event for agents and I have 10 tickets; 4 of the areas top Realtors have already replied s...

FHA will not allow for spot approvals on condos after the end of this month.  If you are trying to close one of these, make sure that you have the spot approval and the FHA case number ordered prior to 9-30.  If these things are done you will be able to close the loan after 9-30 but if not you wi...

Recent Federal legislation can impact your closing date. When completing your Purchase Agreement, even if you are prepared to move forward and close quickly, a more conservative timeframe of at least 30-45 days from the time of the contract acceptance would be a more realistic expectation at this...

Come to Gabe's Roadhouse on the corner of Lexington and Energy Park Dr in St Paul to find out about the $8000 Tax credit and other down payment assistance programs available for 1st time homebuyers. Feel free to contact me for further details and please rsvp as seating will fill up fast.

I am pleased to announce that I am able to offer a conforming loan with no money down! This is the My Community 100/FLEX 100 program coupled with a Communitysecond mortgage.  This is a 92% LTV 1st mortgage with a 8% LTV second.  These loans are only available in Minnesota and Wisconsin and requir...

This FHFA/Treasury in Historic Takeover of Fannie and Freddie On Sunday morning the new GSE regulatory agency placed Congressionally chartered mortgage giants Fannie Mae and Freddie Mac into separate conservatorships, with the government committing $100 billion to each, while removing their CEOs,...

I am pleased to announce that on the morning of 7/29/08 President Bush signed into law H.R. 3221, the Housing and Economic Recovery Act of 2008. After months of negotiations between the House and Senate, as well as an initial veto threat by the White House, I am confident that the final version o...

I just learned of a new program from Fannie Mae called HomeStyle which acts much like a FHA 203K rehab loan.  The loan amount is much greater, up to $417,000 and works much the same way as the 203K.  This program is great for larger loans because the FHA limits in the metro area are $365,000.  We...