The FHA (Federal Housing Administration) is the largest insurer of mortgages in the world, backing over 34 million properties since the 1930’s. FHA provides mortgage lenders with insurance on all loans funded in refinancing or purchasing a home. Mortgage companies are in a sense protected or insured should a buyer …Read More
FHA Home Loan Information
2024 Government Loan Options
Pretty much all the Government-backed mortgages like FHA, USDA and VA require the same things when getting pre-approved. Here are several key points to think about when deciding to apply for a Government home loan. We also included a short description of the most popular 2024 Government Loan Options today. …Read More
Tennessee First Time Home Owners – 2024 Updates
Tennessee First Time Home Owners have some wonderful choices for mortgage financing this year. The most popular home loans for first-time buyers are Government-backed programs like USDA, FHA, and VA loans. Below we will talk about each program, and discuss the advantages to help you choose the option best for …Read More
2024 FHA Monthly Payment Calculator
Homebuyers want to be sure they use an accurate FHA mortgage payment calculator when figuring up monthly loan payments. Keep in mind many online mortgage payment calculators do NOT apply the applicable mortgage insurance, taxes, and insurance. Please note each mortgage program has different monthly mortgage insurance (MIP, PMI) amounts. …Read More
FHA Mortgage Insurance Calculator 2024
We recently revised our FHA mortgage payment calculator on the right side of the page. This FHA mortgage payment calculator figures the principal, loan interest, taxes, home insurance, and FHA mortgage insurance “PMI” costs. Homebuyers will want to adjust the taxes and home insurance as needed, as each home will …Read More
Georgia FHA Loan Requirements
FHA mortgage loans are a popular home financing choice for many first-time home buyers in Georgia. The Georgia FHA mortgage program provides several benefits, keeping in mind the budget difficulties of many homeowners who are considering purchasing their first home. Compared to most traditional mortgage loans, the FHA mortgage loan …Read More
FHA Mortgage Lenders, Pre Approval Tallahassee
FHA mortgage loans are a great choice for Tallahassee first-time home buyers. In this article, we will talk briefly about what FHA does, and the benefits of the FHA mortgage program. First and foremost, FHA does not actually lend people money directly; they only insure the loan with approved lenders …Read More
2024 FHA Loan Limits Announced – Increase For Most
Some good news from the Federal Housing Administration (FHA) today as they announced the new 2024 FHA loan limits. Most of the nation will see an increase, according to a new letter from HUD. FHA calculated 2024’s forward mortgage limits based on the median home prices in accordance with the …Read More
Homebuyer’s Guide to Jumbo Mortgages in Columbus Ohio
When it comes to home mortgages, there are a variety of options available to Columbus buyers today. One type of mortgage that has gained popularity in recent years is the Jumbo loan. Often used by those buying or refinancing a high-priced property, jumbo mortgages can offer low down payments and …Read More
FHA Loan Requirements for Austin, TX and Travis County
FHA loans were first introduced into the mortgage lending marketplace back in 1934 in an attempt to establish standard guidelines banks could follow that also came with a government-backed guarantee. Prior to this introduction, lending guidelines were essentially all over the map and many potential homeowners were left out of …Read More