Each day we receive many questions about FHA mortgages from prospective homebuyers. Below we have listed a few of the most common FHA Home Loan Q&A. Do you have a question? Contact us at Ph: 800-743-7556 or just submit the quick info request form on this page. Q: What …Read More
FHA Refinance
Florida FHA Refinance Rates – Historic Low Levels
It’s no secret that mortgage rates overall have been very low in recent years. However, rates have decreased further in the last month due to the recent economic challenges brought on my COVID-19. FHA refinance rates, and all rates for that matter, have been bouncing off history low levels. April …Read More
2017 FHA Mortgage Insurance Costs Reduced
HUD just announced a reduction to FHA’s monthly mortgage insurance premiums (MIP) The FHA is reducing its annual mortgage insurance premium by 25 basis points for most new mortgages with a closing or disbursement date on or after Jan. 27, 2017. The new rates are projected to save new FHA-insured …Read More
North Carolina FHA Loan Guide
An FHA insured mortgage is a home loan guaranteed by the United States Federal Housing Administration and processed by an FHA approved lender or banks. The Federal Housing Administration loan program started in the 1930s during the Great Depression. The goal of the program was to try to protect lenders and home …Read More
2022 FHA Loan Guidelines
Please see the recap of the latest 2022 FHA loan guidelines. Learn more about the latest FHA mortgage standards, down payment requirements, mortgage insurance and new information about student loans. Update 2023: please see the newly updated FHA student loan guidelines here. The old FHA loan policy for student loan debt …Read More
FHA Guideline Changes 2015-2016
The FHA home loan program has some new rules and guidelines starting September 14th 2015 for all approved FHA banks, lenders and brokers. These FHA Guideline Changes 2015-2016 should be noted for any home buyers that wish to utilize the FHA mortgage program in 2016. Below we have listed some …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 Florida borrowers with an existing FHA …Read More
Key Largo, Key West FHA Down Payment
FHA (The Federal Housing Administration) which is part of the U.S. Department of Housing and Urban Development (HUD), provides different mortgage programs that helps make homeownership easier for Florida home buyers to purchase with limited credit, down payment and resources. Everyone knows that South Florida real estate is expensive and …Read More
FHA To Reduce Monthly Mortgage Insurance
Housing and Urban Development (HUD) announced today that FHA would REDUCE monthly mortgage insurance fees by more than 1/3, from 1.35% of the loan amount down to .85 percent. The “annual premiums” on FHA mortgages, a very popular financing option for Florida first time home buyers, have increased five times since …Read More
2023 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