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FHA Category

FHA Mortgage Insurance Increases April 1

Posted on March 12, 2012 by tim in FHA, Market Update, Mortgage

When buyers are approved for an FHA home loan, they are required to carry mortgage insurance. That includes both a monthly Mortgage Insurance Premium (MIP) and an Up Front Mortgage Insurance Payment (UFMIP). The Upfront Mortgage Insurance Premium payments go …

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‘Welcome Home’ Grant, Back Again! 2012

Posted on February 22, 2012 by tim in Buying, FHA, First Time Home Buyer, Grant Money, Home Buyer Programs, Market Update, Mortgage

Ok, so it appears that my old post from 2010 on the Welcome Home Grant is still getting the bulk of the traffic from search engines!!! – So I hope this one finds everyone just as well because like any …

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“Welcome Home Grant” Starts TODAY!

Posted on March 1, 2011 by tim in Buying, Closing Costs, FHA, First Time Home Buyer, Grant Money, Home Buyer Programs, Tax Credit

Article below is from 2011 – for a more updated approach to the 2012 Welcome Home Grant, click here to see updated details.

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Fannie and Freddie Going Away

Posted on February 17, 2011 by tim in Buying, FHA, Market Update, Mortgage

Two years in the making — the federal government will be reducing their involvement in the mortgage market. Both Fannie Mae and Freddie Mac will wind down within as little as five years.…

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‘Welcome Home’ Grant is Back

Posted on February 19, 2010 by tim in Buying, FHA, First Time Home Buyer, Grant Money, Home Buyer Programs, Investor

Article below is from 2010 – for a more updated approach to the 2012 Welcome Home Grant, click here to see updated details.

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FHA Increases Upfront MIP

Posted on February 10, 2010 by tim in Buying, FHA, First Time Home Buyer, Mortgage

Beginning April 4, 2010, FHA will raise its upfront Mortgage Insurance from 1.75% to 2.25%.  Other discussions taking place – decrease seller concessions from 6% to 3%.  If you need an FHA loan, start looking in earnest for a home …

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Interest Rates Predicted to Reach 6%

Posted on February 10, 2010 by tim in Buying, FHA, First Time Home Buyer, Mortgage

Interest rates are likely to rise to 6% by the end of 2010,predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.…

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FHA Announces Policy Changes

Posted on January 22, 2010 by tim in Buying, FHA, First Time Home Buyer, Mortgage

The Federal Housing Administration has announced a set of policy changes on Wednesday that will effect purchasers.…

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Investors Exempt From 90-Day Rule

Posted on January 20, 2010 by tim in Buying, FHA, First Time Home Buyer, Investor, Mortgage, Selling

An update from FHA was released on Friday January 15th, 2010, regarding the 90 day regulation on the resale of a purchase property. Effective February 1st 2010, FHA/ HUD will not require that a seller of a property be on …

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Home Purchase Loan Types

Posted on January 11, 2010 by tim in Buying, FHA, First Time Home Buyer, Mortgage

There are a wide variety of home loan products out there, including one that’s right for you. Here’s an informative look at general mortgage categories, including the advantages of each program and things to consider when choosing a loan. Featured …

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