Browsing Posts tagged government home loans

FHA monthly mortgage insurance is going up.   Staring on April 18, 2011, the amount you pay for monthly mortgage insurance on an FHA loan is going up by .25%. The box below shows how this increase will impact a typical FHA Loan.     Current FHA Monthly Mortgage Insurance FHA Monthly Mortgage Insurance After […]

FHA Buy And Bail Guideline Update: January 24, 2011. How lenders interpret FHA guidelines. On September 19, 2008, FHA issued MORTGAGEE LETTER 2008-25 which can be viewed here . It is also listed on this site here. The purpose of this letter was to address what is commonly referred to as a Buy and Bail […]

What is an FHA Mortgage Loan? FHA Mortgage Loans are quickly becoming one of the most popular loan programs nationwide.  FHA mortgages are often called government home loans because they are insured by HUD against default so they are a stable option with low rates and typically a fixed interest rate that includes principal reduction […]