It is official. The bill HR 5981 has been passed and made into law. But what exactly does that mean to people in the process of LOOKING for a home? My hope is that these points will clarify any and all of your questions:
First the great news. If you are currently looking at an FHA [...]
Carlsbad, California - 760-536-6200
Wikepedia defines “deflation” as:
In economics, deflation is a decrease in the general price level of goods and services.[1] Deflation occurs when the annual inflation rate falls below zero percent (a negative inflation rate), resulting in an increase in the real value of money – allowing one to buy more goods with the same amount of money. As inflation reduces the [...]
Carlsbad, California - 760-536-6200
Would you like your Oregon FHA mortgage payment to be smaller? Would you like to be paying less interest on your Oregon FHA loan? An Oregon FHA Streamline Refinance is the answer.
Eugene, Oregon - 541-342-7576
The FHA streamline without appraisal program is designed to help people with an FHA loan lower their rate and not require that they get an appraisal on the property. More information about the Arizona FHA streamline refinance program is also available for people living in Arizona.
Phoenix, Arizona - 480.580.1400
A new FHA refinance program is targeting non FHA home owners that are upside down on their mortgage equity. There is now more information from FHA about the program and how it will work.
Eugene, Oregon - 541-342-7576
In this post I am talking about eligibility guidelines for a San Francisco Bay Area FHA Loan after you have gone through Judgment, Collection, Bankruptcy or Foreclosure.
FHA Loan after Collection and Judgment:
FHA does not require that collection accounts be paid off as a condition of mortgage approval. However, court-ordered judgments must be paid off before the mortgage [...]
San Francisco Bay Area, California - 408.905.6261
HUD recently announced that starting October 4th, FHA is reducing the amount to be collected for their Up Front Mortgage Insurance Premium (UFMIP). However, FHA will also increase how much they collect on their Annual Mortgage Insurance Premium (MIP – collected monthly). How will this be impacting homebuyers in California’s Inland Empire (Riverside & San Bernardino County)?
Confused? [...]
Corona/Riverside, California - (951) 215-6119
Wednesday the Senate gave the Federal Housing Administration (FHA) the power to adjust its insurance premium structure as soon as the President signs it. Touted as a method to help rebuild FHA’s depleted capital reserves this change could make a huge difference in mortgage payment for FHA buyers in Eugene/Springfield.
The bill has already passed the house. The bill (H.R. [...]
Eugene, Oregon - 541-342-7576
FHA today announced reduction in upfront Mortgage Insurance Premium (UFMIP) for SF Bay Area First Time Home Buyers and FHA Streamline Refinance on Bay Area homes.
A change that has been prompted by passage of H.R. 5981 in the congress, will reduce the upfront mortgage insurance premium to 1% from the current 2.25%. At the same [...]
San Francisco Bay Area, California - 408.905.6261
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