Archive for the 'FHA' Category
FHA Jumbo Mortgage Loans: Getting Popular
We are starting to see more and more citizens willing to “step up” and finance more than the typical FHA loan – they are called FHA jumbo loans.
Depending on where you live, currently FHA will allow you to finance up to $729,000 with just 3.5% down? that product was part of the le…
Some Simple Advantages To FHA Loans
FHA loans are one of the most popular loans with borrowers today – and not just considering they are insured by the federal government from default. Wait – you don’t think that that helps you whether you are a borrower, do you? It doesn’t. A few of the humans that I speak…
Higher FHA Insurance Premiums May Be In Store
The Federal Housing Administration has found itself in a position where it needs to raise revenue or cut expenses in order to survive. In an effort to raise revenues, the House Financial Services Committee has passed a bill that would substantially raise the amount a borrower pays for FHA monthly mo…
FHA 90 Day Flip Rule: Is There One?
If you are wanting to buy a home and finance the home with an FHA loan, chances are that your lender may have mentioned a “FHA 90 day flip rule”.
Some lenders have a rule in place that they will not lend you money for an FHA loan whether the home you are buying has been bought (usually b…
FHA Loan Defaults Exceed 9%
When house prices drop, falling values have ripple effects on the economy. Jobs are lost, credit becomes difficult to obtain and society are forced to manufacture solid decisions regarding what monthly bills they can afford to pay.
And increasingly, it appears as whether many society are opting to n…
FHA Changes in Down Payment and Credit Score Requirements
Beginning that spring, prospective FHA borrowers will face stricter standards and more upfront costs when the duration comes to purchase a home.
The Federal Housing Administration that week announced a series of changes designed to strengthen its financial standing and weed out vulnerable borrowers….
FHA Cracks Down On Lenders
Recently, FHA has decided that they want to have more oversight and regulatory authority for FHA approved lenders. Yesterday, they released a statement declaring that HUD will be focusing more on regulatory authority when it comes to FHA lenders – in addition to some of the current HUD investi…
