Want to know what circumstances will allow a co-borrower or co-signer to be added to a mortgage loan? It’s really up to the investors who are backing the loan and the rules will vary [...]
There are both townhomes and condominiums in and around the Houston area. You will need to know the difference if you are interested in purchasing either homes. A townhouse is considered a [...]
Thought this might be useful information for investors. The Federal Housing Administration is extending its “anti-flipping” waiver through the end of 2012, which allows buyers to purchase homes [...]
It’s that time of the week again… White Board Monday! This week’s episode answers the question, “What is the FHA?” If you have any housing questions or are [...]
Qualifications for an FHA/Hud foreclosure are very similar to the requirements for a short sale, but there are some differences. Eligibility requirements include: Property must me owner occupied [...]
FHA rules are changing on October 4th, 2010. This change is regarding the upfront collection of Mortgage Insurance Premiums (MIP) and the monthly rate amount. To illustrate how these changes will [...]
Purchasing a home with a low down payment is important for a number of reasons, including the buyer’s ability to have extra cash left over for closing costs, decorating expenses, upgrades [...]
ANN ARBOR, Mich. (CMPS Institute) – The Federal Housing Administration (FHA) is giving homeowners and buyers until Oct. 4 to lock in a low monthly insurance premium on FHA loans, according to [...]
Ever wanted to understand the difference between an FHA Loan and a Conventional Loan? Watch this video from the Houston Association of Realtors for more details. If you need help finding a [...]
Although FHA is the most common loan today, you will want to be sure to find a loan that fits your needs. Use these comprehensive questions to help you determine which loan is right for you. 1. [...]