Category Archives: FHA Loans

How is an FHA Loan Different From a Conventional Mortgage

Now that you’ve decided to jump into the home buying process, it’s time to face the alphabet soup of mortgage loans. From the outside, it looks like a jumble of meaningless letters, acronyms, and silly names like FHA, VA, Fannie Mae, and Freddie Mac. What do they all mean and how do you know which […]

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Top 5 Mortgage Trends for 2018

There’s always a lot going on in the world that impacts mortgages, with global and national news popping up throughout the year to surprising effect — both positively and negatively.  But at the outset of 2018, here are the 5 major mortgage trends sure to have an impact. #1 Tax Reform and Jobs Act of […]

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New FHA Loan Limits for 2018; Limits to increase in >3,000 counties

The Federal Housing Administration (FHA) recently announced the agency’s new schedule of loan limits for 2018, with most areas in the country to experience an increase in loan limits in 2018. In fact,  3011 counties in the country will see an increase in loan limits for 2018, while 223 counties will see no change (compared […]

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FHA Loans Insurance Premiums (MIP/PMI) – Rates + Calculator

Ultimate guide to Upfront and Monthly Mortgage Insurance Premiums (MIP/PMI) rates for FHA purchase loans and (streamline) refinances. FHA charges both an upfront mortgage insurance premium and monthly mortgage insurance on almost all the loans it insures. On December 23, 2011 the President signed into law Temporary Payroll Tax Cut Continuation Act of 2011 which […]

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FHA Loans Streamline Refinance and Rates- A Complete Guide

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 must be current (not delinquent). Not all FHA to FHA refinances are streamline in nature. Is there a minimum waiting period before which you can do a […]

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FHA Loans Requirements, Guidelines, Limits and Mortgage Rates – Ultimate Guide

Find out about requirements (including credit scores), guidelines, rates, loan limits, how to qualify and how to apply for an FHA Loan. This post is limited to qualifying for FHA loans as a home buyer – First Time or repeat. Click on this link if you are interested in reading about FHA Streamline Refinance. What […]

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2014 FHA Loan Limits For All California Counties

FHA recently announced the 2014 loan limits for all counties in California and rest of the country. In a significant move, the FHA maximum loan limits for 1-unit properties have been reduced from the current $729,750 to $625,500. California will see the biggest impact of this reduction, more so San Francisco Bay Area counties like […]

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Buy A Home One Year After Foreclosure, Bankruptcy or Short Sale

If you had a Foreclosure, Bankruptcy, Short Sale or a Deed in-lieu – you may now be able to qualify for a mortgage to buy a home one year after that incident. Federal Housing Administration (FHA) recently announced “Back to Work” loan program that would help some borrowers in California and rest of the country […]

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FHA Wont Allow Cancellation Of Mortgage Insurance Anymore; Increases Premium

FHA recently announced changes to mortgage insurance premium for home loans insured by the agency. The new guidelines will make FHA loans more expensive. You will also need to pay mortgage insurance for the life of the loan in most cases. Changes to FHA Annual Mortgage Insurance Premium The below chart shows the changes coming […]

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How To Get The List Of All FHA Approved Condos {Video}

I did a quick video to show you how you can find out a list of all FHA Approved condominiums. You can search for all approved condos in a certain State, City or Zip code. You can also search if a certain condo is FHA approved or not. And if you need help with FHA […]

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