Academy Mortgage and Lowe’s are coming together to create a partnership in Maryland. This effort is called REbuild USA. This program will help many of you across Maryland bring your homeownership dream to life as well. We all know that Maryland was recently hit by a perfect storm of negative conditions that created economic challenges not [...]
On August 11, 2010, bill HR 5981 was signed into law. What are the effects on prospective home buyers? Here is a brief summary: Hip Hip hooray!!! – If you are currently looking at an FHA loan with a value of $250,000, your closing costs will go down due to a decrease in the Upfront [...]
FHA mortgage insurance allows prospective buyers to purchase a home with less than 20% down. Without mortgage insurance, lenders would not be willing to accept the risk of default thus forcing many buyers out of the market.
April 18th is the last day to file your 2010 Taxes without a penalty and also, FHA is increasing the Annual Mortgage Insurance Premium in New Jersey and across the country effective April 18th.
Here are a few quick bullets that outline the guidelines for the different types Maryland 203k FHA mortgages. For more information about a Maryland FHA Mortgage, Loan Limits, or FHA guidelines, please feel free to contact me directly. Bill Sohan 410-963-2308 —————————————– FHA 203K REHAB – Maryland —————————————– This loan allows a customer to finance [...]
If you are applying for an FHA Streamline Refinance or using an FHA loan to purchase a home you need to make sure your lender has ordered the FHA Case ID by Monday, April 18. That’s the only way to lock in the lower rate.
Understanding the FHA Mortgage Insurance Premium (MIP) * Disclaimer – all information in this article is accurate as of the date this article was written * The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1. Up Front [...]
San Jose homebuyers using FHA mortgage loans will see an annual mortgage insurance increase beginning April 18, 2011.
Video: Follow Up On Quarter Percent Effective Rise In FHA Mortgage Rates, Seattle, Bellevue, Lynnwood, WA Below is a video follow up to my post March 1, 2011. See how just a quarter percent can impact this buyers personal finances if they wait to act after April 18, 2011. For Additional Information Or To Get [...]
The Federal Housing Administration recently announced rate increases to FHA Mortgage Insurance effective for cases assigned on and after April 18, 2011.
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
