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 […]
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 had locked tens of millions of dollars of loans...
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...
I recently blogged about three options to eliminate Private Mortgage Insurance (PMI), and I received several notes asking why I did not mention FHA Mortgage Insurance. By the way, I […]
The housing market has shown remarkable strength despite the challenges the COVID-19 crisis brought to the economy in 2020. The housing market has made a comeback primarily because of low mortgage...
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