One month left before FHA mortgage insurance is permanent…SO WHAT??
Borrowers not wanting to have FHA mortgage insurance as part of their mortgage payment for the life of the loan have about thirty days...
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Buying a Duplex to live in with an FHA mortgage
One of my favorite blogs to follow, Get Rich Slowly, recently published Reader Stories: I bought a duplex to save money on rent. The...
read moreWhy you should compare FHA to a Home Advantage Mortgage
If your credit scores are 660 or higher and you’re considering buying a home located anywhere in Washington state using FHA for...
read moreHome Advantage Mortgage with Down Payment Assistance
Home Advantage is a program that is offered through the Washington State Housing Finance Commission. Home Advantage is typically...
read moreGet Ready for Round 2 of Changes to FHA Mortgages
Effective this week, FHA annual mortgage insurance premiums were once again increased on loans with case numbers issued April 1, 2013...
read moreNo Fooling! Time’s Running Out on Reduced FHA Mortgage Insurance Premiums
There are just a few days left before FHA mortgages will have another increase to annual mortgage insurance premiums. Effective with...
read moreMortgage rate update for the week of March 11, 2013
The strong Jobs Report on Friday caused mortgage rates to trend higher. This morning rates are still at that level. Please keep in...
read moreFHA Streamlined Refi for your Investment Property
Did you know that if your existing mortgage is FHA on your investment property, that it may qualify for an FHA streamlined...
read moreFive weeks remaining before FHA mortgage insurance premiums increase
HUD has scheduled another increase to FHA annual mortgage insurance premiums effective with new case numbers obtained April 1, 2013...
read moreIt’s official: HUD issues Mortgagee Letter Confirming Changes to FHA Mortgage Insurance
I’ve been writing about pending changes to FHA insured mortgage loans regarding the mortgage insurance premiums. Yesterday, HUD...
read moreBuying a 2-4 Unit Home using an FHA Mortgage
If you are considering buying a duplex, triplex or fourplex and you’re going to live in one of the units, FHA is a possible...
read moreHeads up! HUD issues Press Release with upcoming changes to FHA Mortgages
Today HUD issued a press release confirming pending changes to help bolster FHA’s capital reserves. “These are essential and...
read moreHow much home do I qualify for with a $70,000 down payment?
I’m working with a couple in Seattle who would like to buy a home. They have excellent credit (scores of 740 or higher) and are...
read more2013 FHA Loan Limits for Washington State
HUD has confirmed that 2013 FHA loan limits will remain unchanged from 2012. King County, Snohomish County and Pierce...
read moreHUD extends FHA’s Flipping Waiver through 2014
HUD recently announced they will extend the “anit-flip waiver” through December 2014. Without this waiver, home buyers...
read moreFHA Mortgage Insurance Increasing in 2013
Last week I shared with you part of HUD’s plan to no longer allow FHA mortgage insurance premiums to terminate to help improve...
read moreFHA Mortgage Insurance to remain on loans FOREVER
HUD has announced in their Annual Report to Congress Regarding Financial Status of the FHA Mutual Mortgage Insurance Fund Fiscal Year...
read moreQualifying to buy a $200,000 home in Seattle
I’m working with a first time home buyer who’s interested in buying a home priced around $200,000 in the greater Seattle...
read moreComparing FHA and Conventional Financing for buying a $300,000 Seattle Home
I’m working with a homebuyer who is looking to buy a home in Seattle priced around $300,000 with minimum down payment. Rates are...
read moreFHA Rate-Term Refi’s may be a Great Option for Higher Loan Amounts
I have been working with a couple of Seattle area home owners who either have a jumbo mortgage or have a mortgage that used to be...
read moreFHA Streamlined Refinance: Credit vs Non-Credit Qualifying
With an FHA streamlined refi, most folks have the misconception due to the program name “streamlined” that the refinances...
read moreShould I do an FHA streamline refi if my rate is 4.875%?
This is a scenario I’m reviewing for one of my clients who lives in Seattle. His existing mortgage is a 30 year fixed FHA...
read moreFHA Streamlined Refi Revamped and Revisited
There is a lot of interest in the FHA streamlined refinance since HUD has greatly reduced the mortgage insurance premiums for some...
read morePreapproved with FHA Financing? You Better Double Check with your Lender.
If you are currently preapproved to buy a home using FHA for your financing, I highly recommend you check with your mortgage...
read moreFHA to Reduce Mortgage Insurance Rates for some FHA Streamlined Refi’s
Today HUD announced that beginning June 11, 2012, FHA will REDUCE the cost for an FHA streamlined refinance for FHA insured mortgages...
read moreHUD extends Waiver for “Anti-Flipping” Rule through 2012
UPDATE: HUD HAS ANNOUNCED THIS WAIVER WILL BE EXTENDED THROUGH DECEMBER 2014. HUD recently announced they will extend their...
read moreFHA Loan Limits for homes located in Washington State for November 18, 2011 and 2012
A few days ago, HUD confirmed the 2012 FHA Mortgage limits which have been restored to the higher “temporary” higher loan...
read moreThe Low Down: Comparing FHA to Fannie Mae Homepath Mortgages
If you're thinking about buying a home with minimum down payment requirements in the greater Seattle area, you may be considering...
read moreHaving a Hard Time Finding the “Perfect” Home in Seattle? Consider an FHA 203k Rehab Loan!
Some of my Seattle area clients have been searching for the “just right” home for months. With a good portion of the...
read moreHow much can Sellers contribute towards Closing Cost?
If negotiated in your purchase and sales agreement, a Seller may agree to chip in towards some or all of your bona fide closing costs,...
read moreFHA Financing Not Available on a Listing? BIG MISTAKE
Someone recently landed on my blog by entering the phrase: Why are so many homes not FHA approved? It's an interesting...
read moreDid You Know that FHA Mortgages are Assumable?
One benefit of FHA insured mortgages is that they are assumable to qualified buyers. This means that if you have an...
read moreReader Question about FHA Mortgage Insurance
I received this email this past week while I was on vacation. Right now I am licensed for loans only in Washington State and...
read moreGifts from the Bank of Mom and Dad – Part 1: FHA
Home buyers using FHA to finance the purchase of their home can get help from family members towards the down payment and closing...
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