This Is Why One In Ten VA Home Buyers Makes A Downpayment

Posted on May 3, 2016 in FHA Information

This Is Why One In Ten VA Home Buyers Makes A Downpayment
Eligible veterans and active military never pay mortgage insurance, a cost that can run hundreds of dollars per month on FHA mortgages and conventional loans. VA applicants can qualify with lower credit scores, too. But they don't pay higher mortgage …
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New FHA guidelines encourage affordable housing development
To compensate for the risk of default, the FHA charges an initial fee and an annual mortgage insurance premium, or MIP. The premiums vary depending on the type of loan. A construction loan carries a different premium than a refinance, for example.
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This Is the Last Time to Get a Low-Rate Mortgage—Again
That means a borrower paying close attention would likely find it beneficial to refinance, even setting aside those borrowers with an FHA loan that got the additional break. The picture doesn't look so rosy this time. In last two years, rates have been …
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