Ask Our Broker: FHA's New Program

Posted on Dec 31, 2023 in FHA Information

Today's Refinance Options: FHA, capsule website like this VA, visit HARP and Conventional Loans
The FHA Streamline Refinance is a special refinance loan available to homeowners with existing FHA mortgages only. According to the program's official loan guidelines, ed the FHA Streamline Refinance waives income verification, credit score verification …
For more informaiton please visit here…

Are Low FHA Mortgage Rates Worth the Cost?
In particular, Federal Housing Administration mortgage rates are often lower, and the loans themselves have some other attractive features that can be of interest to homeowners. But low FHA mortgage rates also come with some catches. Let's take a …
More informaiton please visit here…

Bank of America's multibillion-dollar settlement likely to benefit few
Officials familiar with the deal say Bank of America on Wednesday, viagra order Aug. 20, 2014 has reached a record $ 17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial …
For more informaiton please visit here…

Sandy's stormy legacy: Shore Up loans could help Fairfielders still struggling
Robert E. Coulombe Jr., residential lending manager at the state Housing Development Fund, and Emmeline Harrigan, program manager of Shore Up CT, answer questions about the loan program at the Fairfield Museum and History Center. … But several …
For more informaiton please visit here…

Family Dollar rejects takeover bid from rival Dollar General
Separately, the auto club AAA forecast that 34.7 million Americans will travel at least 50 miles from home by car or plane over a five-day period ending on Labor Day. That would be … The automaker announced the free program at the same time the …
More informaiton please visit here…
I'm getting a government loan to buy a house. Is the next housing crisis my fault?
FHA financing works by allowing people to finance part of the traditional 20% down payment. Thus, people provide as little as 3.5% cash upfront, and finance the remaining 17.5% traditional down payment with their mortgage. That proportion is insured by …
More informaiton please visit here…

Apptitude: Wondering what your closing fees will be? Ask CloseIt!
The app will prorate condo fees depending on closing date, allow you to designate the house as a primary residence or a vacation home, and let you differentiate among FHA and VA loans and cash purchases. … I then tried three national calculators.
If you would like more informaiton please visit here…

5 reasons millennials should enter housing market now
For example, the Federal Housing Administration (FHA) offers loans to first-time home buyers with down payments as low as 3.5 percent. However, these loans require … According to Ralph M. Perrey, executive director of the Tennessee Housing …
For more informaiton please visit here…

Stated Income Loans Making a Comeback
Stated income loans are now being called by other names to avoid the stigma they received during the housing market collapse. Some banks advertise the new loans as alternative document loans, sildenafil portfolio programs, price asset-based loans or alternative-income …
For more informaiton please visit here…

Roost Home Loan Affordability report for July
It was toughest for first home buyers on the North Shore of Auckland, pharmacy where it took 107.6% of a single median after tax income to afford a first quartile priced house, albeit down from 110.3% the previous month. South Auckland was only slightly less …
If you would like more informaiton please visit here…

HARP Refinance Share Dropped in Second Quarter
The percentage of these GSE loans which were refinanced through the Home Affordable Refinance Program (HARP) dropped to 16 percent during the quarter. This marked the first time the HARP share of refinancing had dropped below 20 percent since the …
For more informaiton please visit here…

800000 Homeowners Are Missing Out on Lower Mortgage Payments
Many homeowners had the opportunity to refinance during the Great Recession through the Home Affordable Refinance Program (HARP), sales but now many Americans think this program doesn't apply to them. That assumption may be costing them. In a tour of …
If you would like more informaiton please visit here…

Ask Our Broker: FHA's New Program
Question: Is it true that the FHA is offering a new loan program with lower mortgage insurance premiums? If so, order how can I get in? Answer: HUD has announced plans to introduce a new FHA loan product later this year for first-time homebuyers, shop probably in …
For more informaiton please visit here…

The 9 biggest mortgage mistakes
There are a number of behaviors to avoid before you close, says Richard Whitman, vice president of mortgage lending at Texas Trust Credit Union in north Texas. Don't quit your job; lenders want to see two years of consistent employment, he says, and …
If you would like more informaiton please visit here…

Top Reasons To Apply For An FHA Loan
Today, the FHA provides mortgage insurance on loans for single-family and multi-family homes made by FHA-approved lenders in the U.S. and its territories. It's important to note that the FHA is a mortgage insurer, not a mortgage lender: The FHA insures …
More informaiton please visit here…