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
FHA Home Loan Information
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
Tennessee First Time Home Owners – 2026 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
FHA Mortgage Insurance Costs for 2026
The FHA mortgage insurance premium (MIP) fee is the monthly fee that homeowners with FHA-insured loans pay on top of their monthly principal and interest payments. The recent mortgage insurance reduction will save homebuyers with new FHA-insured mortgages an average of $800 per year. In addition, this change will reduce …Read More
2026 FHA Qualifying Guidelines
The FHA loan program is a mortgage loan that is insured by the Federal Housing Administration (FHA). The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. In addition to FHA, the federal government also has …Read More
Jumbo Loans in Salt Lake City’s Competitive Market: How to Secure Your Luxury Home
Salt Lake City is one of the fastest-growing metropolitan areas in the country. With its rich history, outdoor lifestyle, and growing tech and healthcare industry, more people are moving to the area every year. As demand for housing increases, so do home prices, which has led to a rise in …Read More
FHA Streamline Benefits, Rates
Do you have an FHA insured mortgage on your home? If so you may have the opportunity to refinance with an FHA streamline refinance. The FHA streamline refi makes refinancing easy for Florida homeowners. Unlike other mortgage refinance options, the FHA streamline refinance program offers borrowers with an existing FHA …Read More
Roof Requirement for FHA Mortgage Loans
Among the most frequently asked questions that figure on most people’s minds when it comes to borrowing an FHA loan pertain to FHA appraisals and the minimum qualifying criteria for the roof of the borrower’s home. For this purpose, the appraiser is assigned with the responsibility of evaluating the home …Read More
No Closing Costs Loan – Good Idea?
We often hear about lenders and banks offering “No Closing Costs” mortgages that are supposed to save homebuyers money. But does it in fact save borrowers money, and is this option in the home buyers best interest? The short answer is it depends on the home buyer. Let us explain …Read More
How to Use a 2-1 Buydown with FHA Loans to Lower Your Mortgage Payments
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, this mortgage is designed to help low-to-moderate-income borrowers purchase a home with lenient credit and down payment requirements. FHA offers many advantages including interest rate buydowns that help ease the burden for buyers facing today’s elevated rates. …Read More