Millennials have officially taken over as the driving economic force today. As more and more baby boomers face retirement and are no longer in the workforce it’s the millennial who will wield the purchasing power. This age group ranging from 18 to 34 or so which also means their buying …Read More
First Time Home Buyers
Indiana First Time Buyer Program Recap
There are many mortgage options that allow Indiana homebuyers to purchase a home with little to NO down payment. Conventional mortgages have always required a 5% -20% down payment, which is fine for more seasoned home buyers, but out of reach for the average first-time buyers. Other options in today …Read More
Tips For Purchasing Your First Home
Purchasing your first home is one of the most important financial decision you ever make. Once the crucial decision to go ‘home shopping’ has been made, you will realize that there is a host of options and simply going through the different alternatives may turn out to be an experience …Read More
Tips for First Time Homebuyers 2017
Are you gearing up to buy your very first home? We’re heading into home buying season and before long the next thing you know you’ll be living in your brand new home. Buying a home and getting a mortgage is a brand new adventure for many, so to make the …Read More
FHA Mortgage Insurance Premium Reduction Canceled
On his first day in office, the Trump administration announced it was suspending the FHA mortgage insurance premium (MIP) reductions that had been set to take effect this month. A reduction in the FHA’s annual mortgage insurance premium had been scheduled to take place at the end of the month. …Read More
FHA Loans Only 3.5 Percent Down Homestead Florida
For those that are not VA home loan eligible but still want or need a mortgage loan that requires as little cash as possible, the FHA loan should be a likely candidate for properties located in Homestead, Florida or Miami-Dade County. Back in 1934, in an effort to jump start …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
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
2017 FHA Loan Amount Limit Florida
The government backed FHA home loan is guaranteed by the United States Federal Housing Administration (FHA) and provides a number of homeownership opportunities with little down payment required. Started over 80 years ago, the FHA is the largest government insurer of home loans in the US today. The government backed …Read More
Texas FHA Home Loan Criteria
Texas FHA Home Loan Criteria: The Texas housing market is going strong with increased buying activity. More first time home buyers in Dallas, Houston, Austin, San Antonio, are now entering the market and looking for mortgage options that offer flexibility and manageable terms. The Federal Housing Administration is a mortgage insurer …Read More