I am blogging about Non-QM and other unusual loan products again because a borrower came to us recently after being told by a commercial bank that there were no mortgage options for him because he...
Are you looking to buy your dream home but worried about the hefty down payment? FHA loans might be the perfect solution for you! Whether you're a first-time homebuyer or someone who wants to upgrade...
FHA Is Better than Fannie Mae for Buyers with a FICO under 740 and Less than 5% Down! This is just another reminder that FHA financing is often much better […]
Are you looking to leverage your home’s equity for a variety of financial needs? A cash-out refinance can be a powerful tool, and if you meet certain criteria, an FHA cash-out refinance might be...
Are you in need of extra cash for home improvements, debt consolidation, or other financial goals? Look no further than an FHA cash-out refinance. This mortgage option offered by the Federal Housing...
The FHA 203(k) loan, often referred to as the 203(k) rehab loan, is a mortgage program designed to help homebuyers purchase a property in need of repairs or renovations. This loan option allows you...
There has been a lot of hubbub recently about FHA’s 40-year mortgages. But – it is all for naught, as FHA is ONLY offering 40-year mortgages for loan modifications for […]
Everything Is Fine…until It Isn’t The former owner of RPM Mortgage (now merged with Cross Country) told me about a particularly harrowing ordeal he went through in 2008. His company […]
Boomer Error! On Friday, I pointed out how FHA rates are now often far better (by over 1%) than Fannie Mae Rates in this blog: FHA Keeps Beating Fannie Mae! […]
Today’s FHA rate for a $1.1 million purchase with only 3.5% down is 6.125%* at no points. To paraphrase MC Hammer: Fannie Mae Can’t Touch That – not even […]
I used to blog quite often about how advantageous FHA loans are for a variety of reasons – In Defense of FHA/Misconceptions Persist. The reasons include: 1. Rates much lower […]
Marketing Rate Buydowns: This is a quick reminder that we love to help listing agents market temporary interest rate buydowns with their listings. We are still seeing agents offer buydowns […]
If you are one of the many homebuyers looking to qualify for an FHA loan to purchase a primary residence, you will need to get an appraisal. An FHA appraisal establishes the value of the property you...
FHA financing is ideal for first-time homebuyers or borrowers with low credit and limited savings. FHA loans have lower rates than conforming (Fannie/Freddie) loans. This is especially the case for...
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