We often get asked how long FHA PMI is going to be on a mortgage - and that answer has been, "well it depends on when you got your FHA Loan. " HUD and the Federal Housing Administration (FHA) is …
Do First Time Home Buyers in NC Need A Lawyer?
One of the questions we were asked the other day made me think for a moment - because of the way it was asked. The caller wanted to know, "Do First Time Home Buyers in NC Need A Lawyer?" Well, we …
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FHA Compensating Factors – FHA Flexability
FHA (and all government underwriting for that matter) is somewhat different from other, more automated systems of loan approval. On an FHA loan you can actually have a real person look at the loan …
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When Does FHA PMI Stop?
With the new FHA Streamline Refinance program - and the recent changes in the FHA PMI rates - we've had several people ask, "When Can I Cancel and Get Rid of FHA Mortgage Insurance Premium?" In other …
FHA PMI Changes 4/18/2011 – Again
FHA Announced new the FHA PMI changes to the FHA PMI rate, again, April 2013. 2013 FHA PMI Rate Chart There are currently two types of Mortgage Insurance or PMI associated with every FHA loan we …
American Dream Downpayment Initiative
The American Dream Down payment Initiative was a program initially offered through the Bush Administration to help with the Housing collapse. The program offered First time home buyers up to $8,000 …
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