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 and VA Led Mortgage Applications in August
Overall, mortgage applications dropped by about 1% last month. But that’s not a bad thing for markets and not surprising; historically, mortgage applications vary from season to season, and when you … [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...]
