On August 26, 2014, the Federal Housing Administration (FHA) issued its final rule to eliminate post-payment interest charges on FHA-insured single family mortgages.Ai?? NAR has urged FHA and [...]
PLANO (HousingWire) – The Federal Housing Administration (FHA) is offering mortgage insurance to those who fell on hard times during the recession. Borrowers who filed for bankruptcy or lost [...]
Have you heard? FHA is planning to Increase Mortgage Insurance Premiums in 2013. Currently the FHA’s loan losses are high and therefore their capital reserves are below the Congressionally [...]
It is predicted that the FHA loans limits will be going up in 2013. Currently it is $271,050and the new base loan limit will increase to $272,550 for Austin, Brazoria, Chambers, Fort Bend, [...]
Yes, your down payment money can be a gift. Your closing cost money can be a gift, but you’ll want to discuss all of this with your lender when you are getting your pre-approval to [...]
In the Houston area sometimes there is a need for a 203B Program and sometimes an in house escrow hold back can go with it. This program is for homes that need repairs before FHA will do a loan [...]
FHA has enforced stricter rules for approvals on mortgages. They have also increased their mortgage insurance premiums (MIP). How much will that cost you? For Example – $200 K FHA Loan [...]
Have you been thinking of buying a home? Excellent, I can help. Are you waiting to see what happens with home prices? With so many foreclosures and short sales out there still having a negative [...]
If you are in the market for a housing purchase and you’re going to use an FHA Loan, then you need to lock into a purchase before April 1st to save money on your monthly mortgage payment. [...]
WASHINGTON (U.S. Department of Housing and Urban Development) – Citimortgage Inc., a subsidiary of Citibank N.A., has agreed to pay $158.3 million in damages to the U.S. Department of Housing and [...]