FHA

FHA Mortgages Getting Easier to Manage, October 2019

The Federal Housing Authority, or FHA, provides mortgage insurance for people who purchase properties with less than twenty percent down. Some borrowers can only get their low down-payment loans through FHA, because no other institutional lender will qualify them. There is a difference with FHA loans. They weigh the condition of the property more than

By Rona|2019-10-02T08:31:04-04:00October 9th, 2019|Categories: Mortgage matters|Tags: condo association problems, FHA, house hunting, loans, spot approvals|

That break for FHA mortgages just disappeared

It took the Trump a New-York-minute to start making it harder for moderate income American to buy a house. On Friday, he revoked a reduction that was set to begin on January 27, 2017. The reduction would have lowered the annual mortgage insurance premium (MIP) that borrowers pay on FHA loans through HUD.  The premium

By Rona|2017-01-27T10:03:28-05:00February 1st, 2017|Categories: Mortgage matters|Tags: FHA, MIP, moderate income home buyers, reduction of premiums|