Tag Archive for: fha

Fannie & Freddie Supporting Agent Commissions, But…Has Anything Changed?

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FHA allows buyers to finance their upfront mortgage insurance premium (MIP) equal to 1.75% of the loan amount. So, while FHA loans are ostensibly 96.5% loan-to-value, they are effectively around 98.2% loan-to-value loans because almost every FHA loan includes the financed upfront MIP. Read More

FHA Vs. USDA Home Loans: Which Mortgage Is Better For Buying A Home

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As a first-time homebuyer with limited savings for a down payment, navigating the world of mortgages can be daunting. Thankfully, there are options available to help low-to-moderate income borrowers achieve […]Read More

Please Don’t Fear FHA; “Spot” FHA for Condo Units; $10,000 Credits = Free Money

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We recently ran into a listing agent who was turning away ALL FHA offers even if they were significantly higher than other offers. This was shocking to us, as we thought the FHA inferiority myth had long been dispelled. I’ve blogged about this many times, but I’m hitting it again for two reasons: (1) the interaction with the above agent proves that the myth lives on; and (2) I want to make sure agents and sellers alike don’t leave money on the table for no reason.Read More

Requirements for FHA Loan Down Payments

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The down payment shouldn't stop your homeownership dream! FHA loans offer a powerful solution with down payment options as low as 3.5%. If you're tired of renting or worry your credit score is holding you back, an FHA loan might be the key you need. Learn the ins and outs, from understanding costs to navigating the application process.Read More

The Essentials Of Oregon FHA Loans: Understand the Requirements Today

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Homebuying can feel overwhelming, especially when navigating the labyrinth of loan options. One popular choice among first-time homebuyers in the Beaver State is the FHA loan Oregon. Let's dive in to understand what makes this option appealing and the requirements to consider.Read More

A Guide to FHA Loan Limits and Requirements in Texas

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Whether you're a first-time homebuyer in the Lone Star State or looking to refinance your current mortgage, understanding the ins and outs of FHA loans in Texas can help you make an informed decision.Read More

FHA vs Conventional Loans: Which Is Better for Tennessee Homebuyers?

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Choosing between an FHA loan Tennessee or a conventional mortgage is not a one-size-fits-all situation. It comes down to what best aligns with your unique financial status and homeownership goals. But don't worry, you're not in this alone. Professional help from an FHA approved lender like JVM Lending can break down this complex process, providing you with the confidence and understanding needed to navigate your homebuying journey.Read More

How To Get An FHA Loan in Florida

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FHA loans stand out for their flexibility and accessibility, making them an excellent choice for many Floridians. Unlike conventional loans, FHA loans are known for their more lenient credit requirements and lower down payment needs, making the dream of homeownership attainable for a wider audience. Here's why an FHA loan Florida might be right for you:Read More

Mortgages After Bankruptcies – Easy to Get! Jobs Report Nonsense Again

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Mortgage rates shot through the roof this morning in response to a very strong jobs report! This is exactly what I predicted would happen in my blog yesterday, as the official BLS jobs reports always come out stronger than expected - particularly in January - before getting revised downward in later months.Read More

FHA Streamline Refinance: A Simplified Path

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Deciding on an FHA Streamline Refinance can be a significant step towards financial ease. This option offers an efficient route to lower monthly payments and potentially a shift to a fixed-rate mortgage, even for homeowners with less equity. At JVM Lending, we understand that each homeowner's situation is unique, and we're here to help you navigate these choices.Read More

Streamline Refinance Your Mortgage with FHA

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Are you considering refinancing your mortgage? The FHA Streamline Refinance could be the perfect solution for homeowners looking to lower their monthly payments or adjust their loan terms.Read More

2024 Loan Limits For Texas Homebuyers

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The 2024 loan limits in Texas present a diverse landscape for homebuyers and investors. With higher loan limits set by Fannie Mae and Freddie Mac and the absence of loan limits for VA loans, the Texas real estate market offers a range of opportunities. Whether you're considering a primary residence or an investment property, these changes in loan limits are critical for informed decision-making.Read More

Inflation Cools & Rates Shoot UP! Why? “Rates Down In March!” RATE ROLL-DOWNS

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The markets are going crazy, as everyone tried to anticipate the Fed’s next move. When deciding to raise or lower rates, the Fed watches (1) the labor markets; (2) inflation; and (3) consumer spending – and ALL THREE sent the markets and rates into a tizzy this week.Read More

Housing Just Got WAY MORE “Hackable;” 5% Down for 2 – 4 Units!

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Starting in November, 2, 3, and 4-unit property buyers can obtain Fannie Mae/conforming financing with only 5% down if they intend to occupy one of the units – and this is HUGE! Previously, 2-unit buyers had to put down 15% for Fannie Mae financing, and 3 and 4-unit buyers had to put down 25%!!Read More