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| John RexfordFL
Moderator
  |  "Re(1):FHA Bond Loan - Help"
, Thu 24 May 20:16 
I have never did one but I cannot see why not. Some of the bod funds are very low interest rates. We have a fund right now for out county that is 5.8%....If I had the chance I would be all over it. The bod fund is income dependant for the person that qualifies for the loan. What happens is that a community will sell bonds for a set amount of interest. It will also service the notes....This is where i think if you get caught it might be a problem. Because they only service a certain number of properties. If you place the property in a trust the notify the lender of the trust for estate purposes then I do not think it would matter. Just stick by the book for subject toos then you should be ok! Good luck and Good find. If it was a FHMA program I think I would not go that route
Jonathan Rexford
Rexford Inc
1st Metropolitan Mortgage
953 Old Dixie Hwy Suite B-3
Vero Beach Fl 32960
Office (561) 299-0081
Cell (561) 532-0029
Fax (561) 299-0082
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| | John RexfordFL
Moderator
| "Re(2):FHA Bond Loan - Help" , Fri 25 May 07:07
WOW the spell checker between my ears must have been out to lunch. I apologize for the incorrect spelling of words. By the way the last statement about FHMA (again out to lunch) it should be Rural Development programs
Jonathan Rexford
Rexford Inc
1st Metropolitan Mortgage
953 Old Dixie Hwy Suite B-3
Vero Beach Fl 32960
Office (561) 299-0081
Cell (561) 532-0029
Fax (561) 299-0082
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