We can all expect some changes in the coming months as the Federal Housing Administration (FHA) works to fix their problems. The first fix is towards their insurance premiums, which will be raised. The second is still only a proposal, but would limit the amount the seller can contribute to the closing costs of a [...]
The Federal Housing Administration is a department in the government that gives new homebuyers and people with low credit scores, the chance to purchase a home through low rate mortgage lenders. The way it works is an applicant will apply to the Federal Housing Administration (FHA) for a loan. The FHA won’t give the new [...]
As promised, this week’s post is the continuation to last week’s Common First Home Buyer Mistakes, Part One. If you’ve missed the prior blog posting, be sure to check out the first one through five most common mistakes 1st time home buyers find themselves falling into. In addition to the first five, below are the [...]
As a first home buyer, buying a home is an exciting whirlwind full of new things and items to consider at each new turn. From renting to home ownership, many families are making their dreams come alive by investing in their future and building a foundation for years to come. Buying one’s first home is [...]
In the world of today, 1st home buyers are enjoying all the benefits and tools available to them with just a few simple clicks on their smart phones. With information everywhere on FHA loans and programs for FHA 1st time home buyers, the possibilities to own an FHA approved home in Orange County, Los Angeles, [...]
Only 12 days into the New Year and the mortgage industry is already in an uproar. Their screams call for more opportunities to new and current homeowners, no rise in loan fees by congress, maintaining high loan limits for borrowers, and establishing a consistent level of stability for the industry and confidence across the [...]
It’s a new year and having a clean slate for a fresh start is the perfect recipe for any FHA 1st time home buyer looking to get their feet wet. For those browsing over the homes for sale in their local newspaper or online, it’s important to be up to date on all things FHA. [...]
With the strong belief in community development, restoration, and 1st home buyer opportunities, the Federal Housing Administration (FHA) holds Section 203(k) as one of their primary FHA loan programs. Together with the Department of Housing and Urban Development (HUD), they support the importance built within the FHA 203(k) program and will continue to show their [...]
As a 1st home buyer, searching for the right home within Southern California market offers a long list of home characteristics to consider. For example, one such question is ‘are you looking to purchase a condo or single family residence?’ Another question many 1st home buyers are finding themselves considering is if they should buy [...]
If you are moving forward as a FHA 1st time home buyer and currently looking within the areas of Orange County, Los Angeles, and or Ventura County, then you will want to know about the recent announcement made by the Federal Housing Administration and the Department of Housing and Urban Development just a few days [...]
