Tag: fha loan

2019 FHA Loan Limits

FHA Loan Limits Increased for 2019 On December 14, 2018, FHA increased the FHA Loan Limits for new case numbers assigned on or after January 1, 2019. The FHA loan limits have increased from 2018 FHA loan limits of $294,515 to the new floor of $314,827 for 1 UNIT properties. Related: See our FHA Mortgage… Read more »

How to get the Best Mortgage Loan

When it comes to home loans, there are hundreds of loan programs and options that you may want to consider. Many first time home buyers do not know where to start when they want to buy a home. It is overwhelming to most people who do not have experience buying a home or getting a… Read more »

Budgeting to Become a Homebuyer

budgeting for home ownership

You have found yourself in debt, but you have also found yourself wanting to buy a home.  You want to pay off the money that you owe all while saving up money for your dream home. It is possible? First off, you should know that you are not alone. Many people find themselves in situations… Read more »

Can I get a co-signer for a home loan?

Things to avoid when buying a home in Michigan.

If you want to buy a house, you have to meet certain requirements in order to secure a mortgage. What if you do not meet the requirements for income and credit history? The good news is you can ask someone to cosign on your loan, even if they won’t live at your house. Here’s what… Read more »

FHA loan delinquencies on the Rise

In terms of the mortgage industry, things are starting to finally look up a bit, unless you are referring to the loans backed by the Federal Housing Administration (FHA loans). Delinquencies are up nearly 27% on FHA loans while conventional mortgages delinquencies have been steadily dropping. More and more of loans insured by FHA are… Read more »