What is FHA Streamline Refinance? Refinancing of a current FHA insured loan into another FHA insured loan is called an FHA Streamline Refinance. The mortgage to be refinanced … Continue Reading...
FHA Loans Mortgage Insurance Premiums (MIP/PMI) – Rates + Calculator
April 3, 2012 By 1 Comment
Ultimate guide to Upfront and Monthly Mortgage Insurance Premiums (MIP/PMI) rates for FHA purchase loans and (streamline) refinances in California, Washington and Oregon. FHA … Continue Reading...
FHA Guideline Changes for Self Employed Borrowers and Collection Accounts
March 10, 2012 By 1 Comment
FHA recently made underwriting guideline changes for Self Employed borrowers and borrowers who have disputed and/or collection accounts. The changes apply to residents of states of … Continue Reading...
FHA Extends Waiver of 90 Day Flip Regulation Till End of 2012
December 22, 2011 By Leave a Comment
In an effort to continue stabilizing home values, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante has today extended FHA’s temporary waiver of the … Continue Reading...
It’s Official – FHA Loan Limit of $729,750 is Back! No Such Luck for Fannie/Freddie!
November 18, 2011 By 1 Comment
Just few hours back, President Obama signed a bill reinstalling the FHA Jumbo Limit back for several high cost counties in California to $729,750 (from the recently reduced … Continue Reading...
Breaking News : $729,750 Loan Amount for Conforming and FHA is Coming Back
October 22, 2011 By Leave a Comment
Rejoice California Homebuyers and Home Owners - The $729,750 Loan Amount Limit for Conforming and FHA Loans could be coming back. These loan amounts were rolled back to $625,500 … Continue Reading...
FHA Loan without Mortgage Insurance – Yes! It’s Possible.
September 27, 2011 By Leave a Comment
Yes it is possible to get a California FHA Loan without paying for the annual Mortgage Insurance (MI). While you will still pay the Upfront Mortgage Insurance Premium of 1%, the … Continue Reading...
Bye Bye $729,750! Welcome Back $625,500 (Sigh!)
August 30, 2011 By 1 Comment
Bay Area Conforming and FHA Loan Limit goes down These loan amounts over $417,000 are known by several names like - Loan Limits for High Cost Areas, Super Conforming Loans, … Continue Reading...
California FHA Mortgage Insurance Premium goes up – AGAIN!
February 21, 2011 By 2 Comments
FHA recently announced an increase to the Annual Mortgage Insurance Premium on standard California FHA loan programs. This is a second increase in less than 6 months. FHA earlier … Continue Reading...
Changes to California FHA Streamline Refinance Loan Programs
February 16, 2011 By 2 Comments
FHA announced changes to California Streamline refinance transactions. The FHA issued Mortgagee Letter provides guidance on the changes as well as clarification on existing … Continue Reading...