Posts Tagged "203k"

The Renovation Revolution: 203K And HomeStyle Mortgage Loans

on Jan 20, 2016 in FHA Information | Comments Off on The Renovation Revolution: 203K And HomeStyle Mortgage Loans

The Renovation Revolution: 203K And HomeStyle Mortgage Loans The answer is this; you can get a mortgage to buy a house and fix it up at the same time using the same loan. Renovation financing otherwise known as FHA 203K and Fannie Mae HomeStyle loans; provide solutions for this stalled market segment. For more informaiton please visit here… Mortgage Loan Rates Fell Last Week, order Refinancings Jump The average interest rate for a 15-year fixed-rate mortgage fell from 3.42% to 3.29%. The contract interest rate for a 5/1 adjustable rate mortgage loan increased from 3.14% to 3.20%. Rates on a 30-year FHA-backed fixed-rate loan fell from 3.90% to 3.86%. If you would like more informaiton please visit here… The Renovation Revolution: 203K And HomeStyle Mortgage...

Read More

203K Rehab Construction Loan

on Dec 30, 2015 in FHA Information | Comments Off on 203K Rehab Construction Loan

203K Rehab Construction Loan The FHA 203k loan is a "home construction" loan available in all 50 states. Find out if you qualify, check and get today's live mortgage rates. 203k loan and renovation financing information for California As such, the 203K rehabilitation loan is a terrific … For more informaiton please visit here… PHH Mortgage, US Bank: Today's Interest Rates for Home Mortgages Dec 28, 2015 The FHA version of the 15 year mortgages which are easier to get into than the conventional mortgage have been offered at 4.000% today with an APR of 4.565%. The Jumbo 15 year interest rates stand at 3.750% and APR of 4.008% today. The VA version of … For more informaiton please visit here… How Long Would It Take You To Save For A 10% Down Payment? So much so that, according to a study from Hanley Wood Data Studio at BuilderOnline.com, today's typical first-time buyer — assuming median income, median home price, and median rental costs — would require more than 8 years to save ten percent for a … More informaiton please visit here… 203K Rehab Construction...

Read More

Remodeling? Refinancing With a 203(k) Loan Can Help

on Dec 27, 2015 in FHA Information | Comments Off on Remodeling? Refinancing With a 203(k) Loan Can Help

Remodeling? Refinancing With a 203(k) Loan Can Help One way to pay for those projects is by refinancing your home with a Federal Housing Administration-backed 203(k) loan. The FHA provides mortgage insurance on loans originated by lenders, pharmacy backing them financially in case borrowers default or don't … More informaiton please visit here… FHA mortgage program outperforms critics A few weeks later, mind in January 2015, the federal Department of Housing and Urban Development (HUD) reduced the FHA's annual mortgage insurance premium by a full half percent, a huge drop. The officials predicted that the lower premium would save “FHA … For more informaiton please visit here… Consistent lack of inventory became year's top housing story For those buyers without a big lump sum to put down, the FHA update dropped PMI rates from 1.35 percent of the total loan amount to 0.85 percent. This means a more affordable monthly mortgage payment. Wells Fargo's Kari Kuipers, new-home finance … If you would like more informaiton please visit here… Homeowners included in year-end giveaways Millions of home purchasers who make down payments of less than 20 percent currently are charged mortgage-insurance premiums or guaranty fees, whether for conventional loans (those eligible for sale to Fannie Mae or Freddie Mac) or government-backed … More informaiton please visit here… Remodeling? Refinancing With a 203(k) Loan Can...

Read More

Lastest Fha 203k Mortgage Rates News

on Aug 6, 2014 in FHA Information | Comments Off on Lastest Fha 203k Mortgage Rates News

CFPB Addresses Death; Servicing News; New Investors Popping Up They are designed to enable retirees to borrow against the equity in their homes without having to make monthly payments as is required with a traditional "forward" mortgage or home equity loan. Under a … The current rate sheet reflects the … If you would like more informaiton please visit here… Lastest Fha 203k Mortgage Rates...

Read More

Q&A: 203k question FHA Mortgage?

on Jun 22, 2014 in Unique Loan Programs | Comments Off on Q&A: 203k question FHA Mortgage?

Question by Blossom: 203k question FHA Mortgage? I am confused and have asked my lender and my realtor and they said they are not sure so I am asking if any of you have had this experience. I am buying a house with an FHA loan and 203k to upgrade the house to FHA standards. My FHA appraisal and my home inspection came back with a few things like I need new siding and some flooring in the bathroom. Even though I am not having any extensive repairs and keeping my repairs under $ 10, order 000, information pills the 203k dept is requiring a 203k consultant. There are some things that I am paying out of my own pocket like the hot water heater and oven and some minor electrical work like an outlet for a electric dryer. What will this 203k consultant oversee? Will he just oversee the project that the 203k is paying for like the siding or will he also want to over see some of the things I am paying from my own pocket? Best answer: Answer by linkus86The consultant will only be interested in making sure that you are adhering to the loan terms. It isn’t just a matter of overcoming the FHA appraisal issues, buy information pills but allowing you to use the loan to fix up the entire house as you see fit, just as long as they follow the rules of the loan. For example you aren’t allowed to pay yourself from loan funds for your work on the property and the consultant will be making sure you aren’t and are using the money to serve your interest as a home owner as it applies to the terms of the loan, thus the water heater that was bought out of pocket doesn’t have to be. The consultant is there to help point out such issues to you because confusion is common. What do you think? Answer below! Q&A: 203k question FHA...

Read More