FHA announced new guidelines for those who are going to rent their residence - and then apply for a FHA loan. The "old" rule has always been that if you were relocating, you could "hold" more than 1 …
Calculating Downpayment on FHA
For many years we calculated FHA down payment by way of Acquisition Cost. Now... that's "out the window." With the new "revisions" we calculated a "straight" 3.5% as reflected in the Mortgagee …
FHA Refinance
Okay - so here's something that will stump the loan officer. You bought a property in Feb. of 2008. You got a Heck of a Deal - and you purchased the home for $237,000. The appraisal in February …
HR 6694 and Downpayment Assistance
1/31/2010 Update - There's still no Downpayment Assistance Program Available in NC. The House Bill 6694, that was suppose to re-confirm Downpayment Assistance (it's gone as of 10/1/2008) has made …
New FHA Insurance Premiums
THIS POST IS DATE SPECIFIC... note that FHA has changed it's MIP charges 7 times between 2008 and 2012. 2013 FHA PMI RATE INFORMATION We are leaving this time sensitive data up as a point of …
New EEM Incentives
Okay - so if I were you I'd want to know what the heck the EEM is! It's a special program available for FHA, VA and Conventional loans - originally designed to encourage folks to be more Energy …
