The overall Portland housing market continues to see recovery and stabilization helped along by many active buyers, more realistic sellers and continued low interest rates. An average single family home in Portland Maine can be found for just north or south of 200K and 250K to 300K will buy you a wonderful 3-4 bed, 2 [...]
FHA mortgage, First Time Home Buyers and Foreclosures? The 3 Fs of the real estate market of the St. Louis and St. Charles Missouri area. If it wasn’t for First Time Home Buyers, FHA mortgages, and Foreclosures there would barely be a real estate market in the St. Charles and St. Louis area. The FHA [...]
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 [...]
The preliminary information given during pre-qualification and the subsequent documentation provided at application are extremely important to ensuring a smooth transaction. The more detailed and thorough you can be, the easier your FHA loan approval will be.
HUD’s 203(k) program can help you and allow you to purchase or even refinance a property plus include in the loan the cost of making the repairs and improvements. The FHA insured 203(k) loan is is only available to persons planning to occupy the home as their primary residence.
The cost to get an FHA Loan is about to increase for purchasers wishing to buy a home in the counties of Alexandria, Fairfax, Arlington and Loudoun Counties of Northern Virginia. HUD recently released Mortgagee Letter 2011-10 announcing an increase in the current Annual Mortgage Insurance Premiums (MIP) by 25 Basis Points (BPS) for all FHA Loans (a [...]
Did you know that you can buy a HUD (United States Department of Housing and Development) property using FHA financing with as little as a $100 down payment in Indiana? Normally FHA financing requires a 3.5% down payment from the borrower. If negotiated, HUD is also able to pay up to 3% of your closing cost and/or prepaid items.
Having a down payment and/or the funds to close is usually something that many First Time Home Buyers need or are interested in learning more about. Having no down payment is the number one reason that many who would like to buy their first new home wait. But, waiting is not necessary there are loan [...]
FHA 203k Mortgage The FHA 203k Renovation and Rehab loan is the perfect mortgage for many of the new home buyers in St. Louis Mo, St. Charles Mo and the entire surrounding area. With foreclosures, bank own properties, distressed and short sales making up such a large amount of the homes currently the FHA 203k mortgage is [...]
*This is not an offer to lend. 
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