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 Home Loan News, Tips & Information
FHA Down Payment Assistance Loans: Unlock The Benefits
FHA loans remain the most popular mortgage option for first-time home buyers in 2023. Offering lower down payments and flexible credit score requirements makes them especially appealing to first-time homeowners. New FHA Down Payment Assistance programs have recently emerged to provide even more assistance to homebuyers. Let’s take a closer …Read More
FHA Announce Reduced Mortgage Insurance Costs for 2023
HUD recently announced the Federal Housing Administration (FHA), will reduce its annual mortgage insurance premium by 0.30 percentage points 0n March 20th from 0.85% to 0.55% for new home buyers financing above 95% The FHA mortgage insurance premium (MIP) fee is the monthly fee that homeowners with FHA-insured loans pay …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 …Read More
Florida FHA Home Loan Mortgage Requirements
Whenever we listen to the media all we hear about is how the economy is in the dumps. It can be very uneasy for a Florida first-time home buyer. The truth is, now is a great time to purchase a home in Florida. This is especially true if you are …Read More
2023 Government Loan Options
Pretty much all of 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 2023 Government Loan Options …Read More
2023 FHA Loan Limits Announced – Increase For Most
Some good news from the Federal Housing Administration (FHA) today as they announced the new 2023 FHA loan limits. Most of the nation will see an increase, according to a new letter from HUD. FHA calculated 2023’s forward mortgage limits based on the median home prices in accordance with the …Read More
New 2023 FHA Loans Limits Announced
FHA has released the new 2023 loan limits for this year. Nearly all counties across the nation saw an increase as expected. This is great news for homebuyers utilizing FHA financing as now their borrowing potential is higher. For 2023, the FHA mortgage limits were set to $472,030 for a …Read More
Oklahoma Jumbo Financing Options
Recent data regarding median home values in Oklahoma City show an affordable $198,000 in 2023. This is up 13% from last year. Throughout the greater metropolitan area, including Moore, Norman, Midwest City, and Edmond, the median value falls somewhat lower to $150,000. This is significantly higher compared to 10 years …Read More
FHA 203(h) Loan For Home Rebuild-Replacement
The FHA Section 203(h) program allows The Federal Housing Administration (FHA) to provide home financing to victims of a major disaster who have had their homes substantially damaged or flooded. Hurricane Ian recently devastated Florida from coast to coast. Naples, Fort Myers, Key West, all the way to Orlando, and …Read More