Deciding which mortgage option is right for you can be challenging. However, researching and learning what each type of loan offers can help borrowers make the best choice based on their financial … [Read more...]
FHA Raises 2021 Loan Limits Almost $25,000
As of the beginning of 2021, higher loan limits made it easier for homebuyers to get an FHA mortgage. The loan limits allowed by the FHA have a significant impact on the housing market and how home … [Read more...]
FHA Home Loan Limits Increased for 2019
There is good news for borrowers who will get an FHA home loan in 2019. The Federal Housing Administration (FHA) increased home loan limits for 2019 for most areas of the country, including key … [Read more...]
FHA Home Loan Limits Higher for 2017
FHA home loan limits are higher in 2017, which is great news for homebuyers who want to take advantage of the low down payment option offered by FHA and homeowners thinking about refinancing. What is … [Read more...]
Graduated Mortgage Payments
A graduated payment mortgage is a type of FHA home loan that can help homebuyers who currently have moderate incomes, but anticipate their income to increase over the next 5-10 years. These mortgages … [Read more...]
5 Recent FHA Changes That May Affect Borrowers’ Ability to Qualify for an FHA Loan
Effective for FHA case numbers issued on or after September 14, 2015, the Federal Housing Administration (FHA) implemented some changes to its underwriting guidelines which may significantly affect … [Read more...]
FHA’s Reduction of Mortgage Insurance Premiums Lowers Mortgage Payments, and Could Boost Home Sales
On January 9, 2015, the Federal Housing Administration (FHA) officially announced that annual Mortgage Insurance Premium (MIP) rates will soon be reduced for FHA loans with terms greater than 15 … [Read more...]
FHA Announces Expiration of the Property Flipping Waiver
Since 2010, The Federal Housing Administration (FHA) has had in place a WAIVER of its rule prohibiting the use of FHA financing to purchase a property that was being sold within 90 days of its … [Read more...]
End of the Controversial FHA Payoff Rule
The benefits of an FHA home loan for many borrowers far outweigh the FHA payoff rule, but it's more about the principle than the money for many people. If you have an FHA home loan and pay it off … [Read more...]
New FHA HAWK Program: Borrowers Earn Significant MIP Reductions
The FHA "HAWK" (Homeowners Armed with Knowledge) program is slated to begin on October 1, 2014. The HAWK program will begin as a 4-year pilot program, so it may or may not continue past 2018. The … [Read more...]
