Categories for FHA

Refinancing and the FHA 2015 Changes: What Does It Mean for You?

February 3, 2015 by 1 Comment

If you’re currently paying a higher interest rate on your mortgage, and you’re dealing with high payments, refinancing and getting a cheaper rate might be the answer to your prayers. You can save money each month, virtually eliminating mortgage payment issues. And with extra money in your pocket, you can start a savings account, pay... View Article

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New FHA Home Loan Guidelines for 2015

January 26, 2015 by Leave a comment

If you need a low-down payment mortgage and you don’t have the best credit score, an FHA home loan can help you get the keys to homeownership. The FHA home loan program has been around since 1934 making homeownership affordable for many. With the new year underway, the Federal Housing Administration recently announced changes to... View Article

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How FHA Changes Will Benefit First-Time Homebuyers

January 22, 2015 by 1 Comment

FHA home loans are well-liked by buyers. While conventional lenders require more cash out-of-pocket for home purchases and have stricter credit score requirements, FHA loans feature lower down payment and credit score requirements, which makes homeownership attainable for first-time buyers. FHA loans have helped more than 40 million people become homeowners since 1934, and with... View Article

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Mortgages are Getting More Affordable for First-Time Buyers

January 12, 2015 by Leave a comment

Thanks to a series of recent decisions, authorities are opening up the mortgage marketplace to more first-time and low-income homeowners. Last month, Fannie Mae and Freddie Mac announced that they will begin backing fixed-rate mortgages with down payments as low as 3%. Then, last Thursday, the President announced a 0.5 percent cut to the mortgage insurance premiums... View Article

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President to Announce FHA Insurance Cuts

January 7, 2015 by Leave a comment

Tomorrow (January 8th, 2015), President Obama is expected to announce a 0.5 percent reduction of the Federal Housing Administration’s mortgage insurance premiums. This lowers premiums from 1.35 percent of the loan balance to 0.85 percent, opening up room for more homebuyers to take advantage of the program. According to Bloomburg: “Under the new premium structure, FHA... View Article

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Getting a Mortgage is About to Get Easier

October 22, 2014 by Leave a comment

For the last few years, sizable down payments have been the lender-mandated norm, after thousands and thousands of loans gone bad sent the housing market stumbling. But this may have changed yesterday (Tuesday, October 21st, 2014, for those of you in the future). According to The Wall Street Journal: Federal regulators took a big step toward... View Article

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