FHA MI Premium Increase Will Affect Both Buyers and Sellers

On March 2, 2011, in Mortgage News, Mortgage Payments, by Jeremiah Wean

The Federal Housing Administration recently announced rate increases to FHA Mortgage Insurance effective for cases assigned on and after April 18, 2011.

How To Use FHA Financing To Purchase A Foreclosure

On February 25, 2011, in Mortgage Programs, by Jeremiah Wean

The FHA 203K Rehab loan allows borrowers to purchase and repair or rehabilitate homes that are in need of work, such as foreclosures.

Conventional or Indiana FHA Mortgage?

On February 24, 2011, in Mortgage Programs, by Jeremiah Wean

There are many reasons consumers are choosing an Indiana FHA loan over a Conventional loan. Find out what the difference is between a Conventional Loan and a FHA Mortgage.

Buy a home in Indiana for $100 down

On February 16, 2011, in Mortgage Closing Costs, Mortgage News, Mortgage Programs, Tips And Advice, by The 2 Mortgage Guys

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.

Indiana FHA Mortgage Basics

On December 28, 2010, in Mortgage Programs, by Jeremiah Wean

FHA is an easy way for low to middle-income earners to get a mortgage, when they may otherwise not have the ability to qualify for a conventional mortgage loan.

How To Save On Your Indiana Property Taxes

On October 28, 2010, in Home Buying Process, by The 2 Mortgage Guys

How to save on your Indiana Property Taxes! 

Okay, this may seem pretty obvious to some of you but many Hoosiers are making a tragic mistake by ignoring property tax exemptions that could lower their tax bills by hundreds even thousands of dollars each year! 

Indiana First Time Home Buyer Tax Credit

On July 13, 2009, in Tips And Advice, by Dave Woodson

Indiana First Time Home Tax Credit Revisited… Lately, I have been getting some calls and emails about the Indiana First Time Home Buyer Tax Credit from some very confused Indiana home buyers and agents alike. I want take just a moment and straighten out a few of the misconceptions that are there. Lets set the [...]

Indiana FHA Loan Limits

On January 19, 2009, in Tips And Advice, by Dave Woodson

There are some new Indiana FHA Loan Limits for 2009 and all counties but four remain virtually unchanged. The counties of Lake, Porter, Jasper and Newton (the Region) have come down a little from the 2008 increased limits while the rest of state will remain pretty much the same for 2009. The Region (Lake, Porter, [...]

Spend & Save

On November 5, 2008, in Tips And Advice, by Dave Woodson

As a young man growing up in NW Indiana, with a decent job for my age.  I spent like a drunken sailor on leave from dinners out to movies to drinks, the list could go on and on.  I knew at the time, I was not in the housing market.  My schooling was being paid [...]