FHA Rates for May 26, 2010

May 27, 2010 No comments

Today’s FHA Mortgage Rates.

May 26, 2010

*Please note that FHA Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific FHA mortgage Rates!*

*All FHA Rates posted are based on 30 day locks. *

*Please note that the FHA Rates posted are subject to adjustments for the following criteria*

1) Loans amounts under $100,000.00.

2) State specific adjustments.


FHA 30 year fixed – Credit Scores 620 to 639

With .625 points – 4.50%! – APR of 4.826%

With 0 points – 4.750%! – APR of 5.025%


FHA 30 year fixed – Credit Scores 640 to 659

With .50 points – 4.50%! – APR of 4.815%

With 0 points – 4.750%! – APR of 5.025%


FHA 30 year fixed – Credit Scores 660 to 699

With 1.250 points – 4.375%! – APR of 4.754%

With .250 points – 4.50%! – APR of 4.753%


FHA 30 year fixed – Credit Scores 740+

With 1.0 points – 4.375%!  – APR of 4.732%

With 0 points – 4.50%! – APR of 4.771%


FHA 15 year fixed – Credit Scores 620 to 639

With 0 points and a credit towards closing costs of .875 points – 4.25%! – APR of 4.722%


FHA 15 year fixed – Credit Scores 640 to 659

With 0 points and a credit towards closing costs of 1 points – 4.25%! – APR of 4.722%

With 0 points and a credit towards closing costs of 1.5 points – 4.375%! – APR of 4.849%


FHA 15 year fixed – Credit Scores 660 to 699

With 0 points and a credit towards closing costs of 1.25 points – 4.25%! – APR of 4.722%

With 0 points and a credit towards closing costs of 1.75 points – 4.375%! – APR of 4.849%


FHA 15 year fixed – Credit Scores 740+

With 0 points and a credit towards closing costs of 1.625 points – 4.25%! – APR of 4.722%

With 0 points and a credit towards closing costs of 2.125 points – 4.375%! – APR of 4.849%


FHA 3/1 ARM- Credit Scores 620 to 639

With .125 points – 3.750%! – APR of 4.020%

With 0 points – 3.875%! – APR of 4.136%


FHA 3/1 ARM – Credit Scores 640 to 659

With 0 points – 3.750%! – APR of 4.009%

With a credit of .375 points – 3.875%! – APR of 4.136%


FHA 3/1 ARM – Credit Scores 660 to 699

With a credit of .250 points – 3.75%! – APR of 4.009%

With a credit of .625 points – 3.875%! – APR of 4.136%


FHA 3/1 ARM (1/1/5 Caps)- Credit Scores 740+

With a credit of .625 points – 3.75%! – APR of 4.009%

With a credit of 1.0 points – 3.875%! – APR of 4.136%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 620 to 639

With 1.0 points – 3.625%! – APR of 3.966%

With .125 points – 4.00%! – APR of 4.274%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 640 to 659

With 1.25 points – 3.50%! – APR of 3.860%

With 0 points – 4.00%! – APR of 4.263%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 660 to 699

With 1.0 points – 3.50%! – APR of 3.839%

With 0 points – 3.875%! – APR of 4.157%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 740+

With 1.125 points – 3.375%! – APR of 3.722%

With 0 points – 3.875%! – APR of 4.136%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 620 to 639

With 1.0 points – 3.875%! – APR of 4.221%

With 0 points – 4.250%! – APR of 4.517%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 640 to 659

With 1.375 points – 3.750%! – APR of 4.126%

With 0 points – 4.125%! – APR of 4.390%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 660 to 699

With 1.125 points – 3.750%! – APR of 4.104%

With .125 points – 4.00%! – APR of 4.274%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 740+

With .750 points – 3.750%! – APR of 4.073%

With 0 points – 4.0%! – APR of 4.263%


FHA 203K Streamline

30 Year Fixed

With 0 point – 5.250%! – APR of 5.882%          With 1 points – 5.00%! – APR of 5.724%


Click here for your free customized quote!

Compare Today’s FHA Rates with Today’s USDA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount with 3.5% down and 30 day rate locks.


Today's FHA Rates , , , , , , ,

FHA Rates for May 6, 2010

May 6, 2010 1 comment

Today’s FHA Mortgage Rates.

May 6, 2010

*Please note that FHA Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific FHA mortgage Rates!*

*All FHA Rates posted are based on 30 day locks. *

*Please note that the FHA Rates posted are subject to adjustments for the following criteria*

1) Loans amounts under $100,000.00.

2) State specific adjustments.


FHA 30 year fixed – Credit Scores 620 to 639

With .50 points – 4.75%! – APR of 5.425%

With 0 points – 4.875%! – APR of 5.505%


FHA 30 year fixed – Credit Scores 640 to 659

With .375 points – 4.75%! – APR of 5.414%

With 0 points – 4.875%! – APR of 5.505%


FHA 30 year fixed – Credit Scores 660 to 699

With 1.125 points – 4.625%! – APR of 5.357%

With .125 points – 4.750%! – APR of 5.391%


FHA 30 year fixed – Credit Scores 740+

With 1.0 points – 4.50%!  – APR of 5.219%

With 0 points – 4.75%! – APR of 5.379%


FHA 15 year fixed – Credit Scores 620 to 639

With a credit of .625 points – 4.25%! – APR of 4.933%


FHA 15 year fixed – Credit Scores 640 to 659

With a credit of .625 points – 4.25%! – APR of 4.933%

With a credit of 1.125 points – 4.375%! – APR of 4.933%


FHA 15 year fixed – Credit Scores 660 to 699

With a credit of .875 points – 4.25%! – APR of 4.733%

With a credit of 1.375 points – 4.375%! – APR of 4.733%


FHA 15 year fixed – Credit Scores 740+

With a credit of .875 points – 4.25%! – APR of 4.733%

With a credit of 1.375 points – 4.375%! – APR of 4.733%


FHA 3/1 ARM- Credit Scores 620 to 639

With a credit of 1.25 points – 3.75%! – APR of 4.301%

With a credit of 1.625 points – 3.875%! – APR of 4.301%


FHA 3/1 ARM – Credit Scores 640 to 659

With a credit of 1.25 points – 3.75%! – APR of 4.301%

With a credit of 1.625 points – 3.875%! – APR of 4.301%


FHA 3/1 ARM – Credit Scores 660 to 699

With a credit of 1.25 points – 3.75%! – APR of 4.301%

With a credit of 1.625 points – 3.875%! – APR of 4.301%


FHA 3/1 ARM (1/1/5 Caps)- Credit Scores 740+

With a credit of 1.25 points – 3.75%! – APR of 4.301%

With a credit of 1.625 points – 3.875%! – APR of 4.301%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 620 to 639

With 1.125 points – 3.250%! – APR of 3.969%

With 0 points – 3.625%! – APR of 4.249%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 640 to 659

With 1.125 points – 3.250%! – APR of 3.969%

With 0 points – 3.625%! – APR of 4.249%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 660 to 699

With 1.125 points – 3.250%! – APR of 3.969%

With 0 points – 3.625%! – APR of 4.249%


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 740+

With 1.125 points – 3.250%! – APR of 3.969%

With 0 points – 3.625%! – APR of 4.249%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 620 to 639

With .125 points – 3.750%! – APR of 4.386%

With 0 points – 3.875%! – APR of 4.5%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 640 to 659

With .125 points – 3.750%! – APR of 4.386%

With 0 points – 3.875%! – APR of 4.5%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 660 to 699

With .125 points – 3.750%! – APR of 4.386%

With 0 points – 3.875%! – APR of 4.5%


FHA 7/1 ARM (2/2/6 Caps) – Credit Scores 740+

With .125 points – 3.750%! – APR of 4.386%

With 0 points – 3.875%! – APR of 4.5%


FHA 203K Streamline

30 Year Fixed

With 0 point – 5.250%! – APR of 5.882%          With 1 points – 5.00%! – APR of 5.724%

Click here for your free customized quote!

Compare Today’s FHA Rates with Today’s USDA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount with 3.5% down and 30 day rate locks.


Today's FHA Rates ,

FHA Rates for February 12,2010

February 12, 2010 3 comments

Today’s FHA Mortgage Rates.

February 12,2010

*Please note that FHA Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific FHA mortgage Rates!*

*All FHA Rates posted are based on 30 day locks. *

*Please note that the FHA Rates posted are subject to adjustments for the following criteria*

1) Loans amounts under $100,000.00.

2) State specific adjustments.


FHA 30 year fixed – Credit Scores 620 to 639

With .75 points – 4.75%!          With .125 points – 4.875%!

FHA 30 year fixed – Credit Scores 640 to 659

With .875 points – 4.75%!          With 0 points – 5.0%!

FHA 30 year fixed – Credit Scores 660 to 699

With .50 points – 4.75%!          With 0 points – 4.875%!

FHA 30 year fixed – Credit Scores 740+

With 1.250 points – 4.625%!          With .125 points – 4.75%!


FHA 15 year fixed – Credit Scores 620 to 639

With 0 points – 4.25%!          With a credit of .750 points – 4.375%!

FHA 15 year fixed – Credit Scores 640 to 659

With a credit of .250 points – 4.25%!          With a credit of .875 points – 4.375%!

FHA 15 year fixed – Credit Scores 660 to 699

With a credit of .50 points – 4.25%!         With a credit of 1.125 points – 4.375%!

FHA 15 year fixed – Credit Scores 740+

With a credit of .875 points – 4.25%!          With a credit of 1.5 points – 4.375%!


FHA 3/1 ARM- Credit Scores 620 to 639

With .5 points – 3.75%!          With .125 points – 3.875%!

FHA 3/1 ARM – Credit Scores 640 to 659

With .375 points – 3.75%!          With 0 points – 3.875%!

FHA 3/1 ARM – Credit Scores 660 to 699

With .125 points – 3.75%!          With a credit of .25 points – 3.875%!

FHA 3/1 ARM (1/1/5 Caps)- Credit Scores 740+

With a credit of .250 points – 3.75%!          With a credit of .625 points – 3.875%!


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 620 to 639

With 1.50 points – 3.750%!          With .125 points – 4.125%!

FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 640 to 659

With 1.375 points – 3.750%!          With 0 points – 4.375%!

FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 660 to 699

With 1.125 points – 3.75%!          With 0 points – 4.125%!

FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 740+

With 1 points – 3.75%!          With 0 points – 4.00%!


FHA 203K Streamline

30 Year Fixed

With 0 point – 5.250%!          With 1 points – 5.00%!

Click here for your free customized quote!


Compare Today’s FHA Rates with Today’s USDA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount with 3.5% down and 30 day rate locks.



Today's FHA Rates ,

FHA Rates for January 21,2010

January 21, 2010 No comments

Today’s FHA Mortgage Rates.

January 21,2010

*Please note that FHA Rates are subject to change, sometimes several times per day.*

*We now have credit score tier specific FHA mortgage Rates!*

*All FHA Rates posted are based on 30 day locks. *

*Please note that the FHA Rates posted are subject to adjustments for the following criteria*

1) Loans amounts under $100,000.00.

2) State specific adjustments.


FHA 30 year fixed – Credit Scores 620 to 639

With 1.25 points – 4.75%!          With 0 points – 5.00%!

FHA 30 year fixed – Credit Scores 640 to 659

With .875 points – 4.75%!          With 0 points – 5.0%!

FHA 30 year fixed – Credit Scores 660 to 699

With .875 points – 4.75%!          With .250 points – 4.875%!

FHA 30 year fixed – Credit Scores 740+

With .5 points – 4.75%!          With 0 points – 4.875%!


FHA 15 year fixed – Credit Scores 620 to 639

With 1.0 points – 4.25%!          With .250 points – 4.375%!

FHA 15 year fixed – Credit Scores 640 to 659

With .750 points – 4.25%!          With .125 points – 4.375%!

FHA 15 year fixed – Credit Scores 660 to 699

With .50 points – 4.25%!         With 0 points – 4.375%!

FHA 15 year fixed – Credit Scores 740+

With .125 points – 4.25%!          With 0 points – 4.375%!


FHA 3/1 ARM- Credit Scores 620 to 639

With 1 points – 3.75%!          With .125 points – 4.125%!

FHA 3/1 ARM – Credit Scores 640 to 659

With .75 points – 3.75%!          With 0 points – 4.0%!

FHA 3/1 ARM – Credit Scores 660 to 699

With .5 points – 3.75%!          With .125 points – 3.875%!

FHA 3/1 ARM (1/1/5 Caps)- Credit Scores 740+

With .125 points – 3.75%!          With 0 points – 3.875%!


FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 620 to 639

With 1.250 points – 4.0%!          With .125 points – 4.375%!

FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 640 to 659

With .875 points – 4.0%!          With 0 points – 4.375%!

FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 660 to 699

With .875 points – 4.0%!          With .250 points – 4.25%!

FHA 5/1 ARM (1/1/5 Caps) – Credit Scores 740+

With 1.0 points – 3.875%!          With 0 points – 4.125%!


 

FHA 203K Streamline

30 Year Fixed

With 0 point – 5.250%!          With 1 points – 5.00%!

Click here for your free customized quote!


Compare Today’s FHA Rates with Today’s USDA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount with 3.5% down and 30 day rate locks.

 

Today's FHA Rates ,

January 15, 2010 – HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS

January 20, 2010 No comments
HUD No. 10-011
 FOR RELEASE
Friday
January 15, 2010

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS

Measure to help bring stability to home values and accelerate sale of vacant properties.

WASHINGTON – In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. The announcement is part of the Obama administration commitment to addressing foreclosure. Just yesterday, Secretary Donovan announced $2 billion in Neighborhood Stabilization Program grants to local communities and nonprofit housing developers to combat the effects of vacant and abandoned homes.”As a result of the tightened credit market, FHA-insured mortgage financing is often the only means of financing available to potential homebuyers,” said Donovan. “FHA has an unprecedented opportunity to fulfill its mission by helping many homebuyers find affordable housing while contributing to neighborhood stabilization.”

With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA borrowers access to a broader array of recently foreclosed properties.

“This change in policy is temporary and will have very strict conditions and guidelines to assure that predatory practices are not allowed,” Donovan said.

In today’s market, FHA research finds that acquiring, rehabilitating and the reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA mortgage insurance for a subsequent resale within 90 days of acquisition adversely impacts the willingness of sellers to allow contracts from potential FHA buyers because they must consider holding costs and the risk of vandalism associated with allowing a property to sit vacant over a 90-day period of time.

The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.

“FHA borrowers, because of the restrictions we are now lifting, have often been shut out from buying affordable properties,” said FHA Commissioner David H. Stevens. “This action will enable our borrowers, especially first-time buyers, to take advantage of this opportunity.”

The waiver will take effect on February 1, 2010 and is effective for one year, unless otherwise extended or withdrawn by the FHA Commissioner. To protect FHA borrowers against predatory practices of “flipping” where properties are quickly resold at inflated prices to unsuspecting borrowers, this waiver is limited to those sales meeting the following general conditions:

  • All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
  • In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions.
  • The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.

Specific conditions and other details of this new temporary policy are in the text of the waiver, available on HUD’s website.

###HUD is the nation’s housing agency committed to sustaining homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development ad enforces the nation’s fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.


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