Tag Archive for: fha

What Is An Assumable Mortgage and How Does It Work?

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An assumable mortgage is a home loan that can be entirely assumed by a person other than the original borrower. This type of loan is more attractive when interest rates are high because you can assume a loan that was taken out in years past when rates were much lower.Read More

“Private” Mortgage Insurance vs. FHA Mortgage Insurance – Huge Difference!

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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 […]Read More

Programs and Loans For A First Time Homebuyer

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As a first time homebuyer, you have many loan programs and grants to choose from that help you afford your first real estate purchase.Read More

5 Reasons Why The New FHA Loan Limits Will DESTROY Our Economy!

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A first-time homebuyer can now buy a $1 million home with only 3.5% down! This is because the FHA just released its new loan limits for 2022: (1) Low Balance […]Read More

Mortgages For DACA Status Recipients (FHA & Conforming); Honey vs. Vinegar

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Can DACA Recipients Get a Mortgage? FHA now allows DACA recipients to obtain FHA mortgages. DACA stands for Deferred Action for Childhood Arrivals. You can read more about DACA here […]Read More

5-Step Guide To Applying For An FHA Loan

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Applying for an FHA loan is easy and can be accomplished in 5 simple steps. The FHA application form includes five pages that need to be filled in, followed by four pages of directions and details. However, there is a broader process than just the forms, and that's what we will outline today.Read More

Buy A House With As Little As 3.5% Down Using FHA Loans

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Federal Housing Administration (FHA) loans are a popular financing option among home buyers - especially those in the Bay Area who are contending with high property prices. One of the major appeals to this program is the minimum required down payment. FHA financing allows you to purchase with 3.5% up to the County loan limit. Given this, it is very popular amongst cash-strapped buyers.  Read More

FHA Financing – Why & When Listing Agents Should Not Be Leery

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INTRODUCING JVM’S BLOG PODCAST We have turned our blog posts into podcast episodes – perfect for listening on the go. You can listen to this blog as well as some […]Read More

Five Down Payment Choices for First-Time Homebuyers

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A big part of buying a home is coming up with a down payment, but oftentimes there are many misconceptions surrounding down payment requirements. If you are a first-time homebuyer, there are many options for the details of your mortgage loan and down payment. Here are five things all first-time homebuyers should know about down payments.Read More

How to Get a Low Down Payment: A Guide for Borrowers

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For many homebuyers, the down payment is the most significant obstacle on the road to homeownership. This is why so many homebuyers are looking for mortgage loans with low down payment options when purchasing a home.Read More

FHA Loan Requirements for California Homebuyers

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The Federal Housing Administration (FHA) loan program has been helping homebuyers since its implementation in the 1930s. Today, it’s one of the more popular mortgage financing options, but there are some general criteria you should be aware of when considering an FHA loan. Here’s a look at California FHA loan requirements.Read More

Buyers in Texas Don’t Need a ‘Perfect’ Credit Score

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Buyers in Texas don’t need a perfect credit score to qualify for a loan. Having a high credit score can help buyers secure a loan with a lower interest rate. However, today’s loans have more forgiving guidelines when it comes to a buyer’s credit score, which is especially true with government-funded loans.Read More

Legal Sources of Funds; FHA Purchase to $800,000

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I received the following questions from a very seasoned real estate agent the other week: “I have a 3.5% down offer for $795,000 on my desk – A. Does FHA […]Read More

FHA Spot Approvals for Condos; We Are Getting Them Already

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I mentioned a few times now how HUD is now granting “Spot Approvals” for FHA financing for single condo units within condo complexes that are not FHA approved. We have […]Read More