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...]
FHA Home Mortgage Guide
FHA Home Mortgages can be somewhat confusing, especially for first-time homebuyers. As a result, we have put together an FHA Home Mortgage Guide to help you better understand one of the most important … [Read more...]
FHA Back to Work Program, Extenuating Circumstances
The FHA recently came out with new guidelines to allow borrowers who have experienced a short sale, foreclosure, or bankruptcy due to extenuating circumstances to be able to enter the housing market … [Read more...]
More FHA Changes
Many people are aware of the FHA changes that took place in April, which again increased mortgage insurance premiums. However, you may not be aware of the more recent changes that went into effect on … [Read more...]
FHA vs. Conventional Loan
What is the difference between an FHA (Federal Housing Administration) Loan and a Conventional Loan? Many people think of the FHA loan as the loan for "first-time homebuyers". In many cases, it is … [Read more...]