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.
HUD Raising FHA Mortgage Rates by 0.25% - Seattle, Bellevue, Lynnwood, Washington Markets …well effectively at least. HUD (Department Of Housing And Urban Development) recently released it’s MortgageeLetter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers. Excerpt > Here is the stated Purpose: This Mortgagee Letter introduces a [...]
FHA Mortgage Loans Seattle, Bellevue, Lynnwood, Washington The Federal Housing Administration (FHA) works a number of programs to promote home ownership. In most cases, FHA loans are mortgages aquired with the help of the FHA. With a small down payment as low as 3.5%, purchasers can buy a house. FHA loans make it easier for [...]
The Federal Housing Authority (FHA), did not take long to initiate an increase again to the Mortgage Insurance Premium (MIP) in New Jersey and across the country. The annual MIP will increase .25% on all 30 and 15 year loans effective April 18th,2011. On average, the increase will amount to approximately $30 more monthly for all new FHA borrowers. Existing FHA loans are not impacted by the price change.
The Obama administration wants to raise fees for borrowers and require larger down payments for home loans as part of a long-term effort to restructure the nation’s housing market. These measures could raise mortgage rates and make it harder for home buyers to secure a 30-year fixed-rate mortgage. The administration’s intention to wind down the [...]
So, if you are in the market for a home in the Atlanta area, planning on FHA financing in the Atlanta market, then try to move quickly to get the contract and case number. HUD announced an imminent increase in monthly MIP as of April 18, 2011. In an effort to further strengthen FHA’s role [...]
*This is not an offer to lend. 
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