Tag Archives: FHA
04 JanMax FHA Origination Fee – ELIMINATED
Effective January 1, 2010 the Department of Housing and Urban Development (HUD) who runs the Federal Housing Administration (FHA) modified their policies surrounding the maximum amount a mortgage lender may charge for “origination” fees on FHA mortgages. This is no surprise due to the recent changes the the HUD and GFE that went into effect [...]
Read More ...02 JanFHA Loan Limits for 2009
Happy New Year everyone!! I have taken a little bit of time off from posting throughout the holidays, but I am back. I hope everyone had a great holiday season and a Happy New Year! I posted a few weeks back about changes to FHA in 2009, but I did not include the change to [...]
Read More ...16 DecFHA Streamline Refinance
Did you know there is a mortgage refinance option that doesn’t care about the value of your home, your current income or employment, or even if you have not paid debts, other than your mortgage, on time? There is, and it is called a FHA Streamline Refinance. If you currently have an FHA mortgage and [...]
Read More ...10 DecFHA Changes – 2009
Effective Jan 1, 2009 FHA has made some changes to their guidelines that could impact those looking to obtain mortgage financing. As I have stated in previous posts, FHA has become more popular over the past couple of years due to the changing mortgage environment and reduced risk tolerance of mortgage lenders. FHA, on the [...]
Read More ...13 NovFHA Short Sale Warning
Avoiding foreclosure is always a good option, and a short sale is one option many homeowners turn to when they are unable to continue to make payments and owe more on the home than they could sell it for. There are different rules on how short sales can impact the seller when looking to obtain [...]
Read More ...11 NovGovernment Mortgage Loans
Most of the time people are talking about Conventional Mortgage financing when they talk about a mortgage. Conventional loans offer the most flexibility on the terms and offer unique programs to fulfill the needs of just about every customer. That was the case until recently, when the “mortgage crisis”, as it is being called, occurred. [...]
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