Tag Archives: FHA mortgages

Proposed Changes to FHA Loans

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 home purchase. These fixes are in response to the FHA not meeting federal mandates which… Read More »

Proposed Changes to FHA Loans

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 home purchase. These fixes are in response to the FHA not meeting federal mandates which… Read More »

Rural Development or FHA Mortgage Loans

First time home buyers often simply shop for mortgage interest rates. However, there’s more to the mortgage process and options for home buyers. Did you know you can get a home loan 100-percent financed? Did you know you can save money on the monthly mortgage insurance premiums? Did you know that your credit score affects the loan program you will end up with when buying your house? A mortgage consultant can… Read More »

FHA Loan Interest Rate

FHA mortgages or house loans are those that help low income earners and the less fortunate individuals acquire a place that could call home. They help these individuals by decreasing the price of the house to be sold that would only take place if the house is under an FHA house loan to begin with. Also, it also aims to lessen the growing case of unemployment in the country by… Read More »