FHA Lowers Mortgage Insurance Premium Great news for homebuyers considering an FHA home loan or FHA refinance! The popular mortgage program is getting even better. The Department of Housing & Urban Development announced this morning that the FHA will be decreasing their annual mortgage insurance premium by a quarter of a percent. The upfront guarantee fee… Read more »
As home prices across the country continue to rise, the Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) have announced increases in conforming loan limits for 2017. For the first time since 2006, the FHFA has increased the maximum loan limit for conventional loans through Fannie Mae and Freddie Mac from $417,000… Read more »
5 Reasons to Buy a Home in the Winter Baby, its cold outside—and its only going to get colder. Before you put your home search on hold for the next four months, check out these benefits of buying a home in the winter! 1. Less Competition During the winter months, there are less buyers shopping, and… Read more »
You know those nasty premiums that come along with mortgage loans? Those ones that everyone hates to deal with. Yeah, well I think you’re about to hate FHA (Federal Housing Administration) premiums even more. FHA Acting Commissioner, Carol Galante, made an announcement regarding their current premium points. It appears the “basis” points” will soon be… Read more »
Thousands of people agree that the down payment for buying a home should be increased. Today, if you are in the market to purchase a home you may not even need a down payment if you are able to qualify for a USDA Rural Housing Mortgage or VA Loan. Most other qualified borrowers have the… Read more »
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