FHA Loans
New FHFA Fees for Mortgage Refinance
You may have heard that FHFA plans to add a refinance fee of .5% to all refinances starting December 1st. Most lenders have already begun adding this to their rate sheet. We have a few lenders that will not add ...
CHFA SmartStep Program
CHFA SmartStep Program CHFA SmartStep purchase mortgage program is open to home-buyers that have a mid credit score of 620 or higher. This program features CHFA's lowest mortgage interest rate. It features FHA, VA, and USDA Rural Development. If you qualify, you may ...
New FHA County Loan Limits for 2016
Loan Limits in the State of Colorado What is a Loan limit? Loan limits have a definition very closely related to their name. A loan limit is the maximum allowable loan size for a mortgage. Loans for amounts above loan limits cannot ...
FHA Condominium Project Approval
FHA Guideline Update: Thought about purchasing a condominium in the past? FHA has just announced that is will be changing its rules to make it easier for buyers to get federally insured financing. This is good news because traditionally condos ...
Tips For Refinancing Your Mortgage
What To Know Before Refinancing Refinancing, is when a new mortgage replaces the original mortgage on a house. This is done when it benefits the borrower to lock in a different, and better interest term and rate. In order to do ...
FHA Loans: Fixed Rate
What is a FHA Loan? FHA loans have helped the United States become some of the most housed people in the world, recording over 73 million Americans as home owners. Today, FHA loans are popular. With lower down payment requirements and ...
What Is a FHA Adjustable Rate Mortgage?
Features of How it Works The Key to this program is that the lender is able to assist low to moderate-income families get into a home by keeping costs such as a down payment lower. Under an FHA loan individuals ...
FHA Reverse Mortgage (HECM)
What Is A Reverse Mortgage? A reverse mortgage is a special type of home loan that lets you convert a portion of the equity or wealth in your home into cash. The wealth that you acquired over the years of making mortgage ...
FHA Loans For Condominiums
Although there are many FHA Condo Approval Guidelines, these are the basics that will determine eligibility. These requirements are taken directly from the FHA guidelines. THE BASIC ELIGIBILITY REQUIREMENTS for 2015 Right of First Refusal in Declarations can not violate ...