There are two primary types of mortgage loans available in today’s marketplace- conventional and government-backed. Conventional loans are those made by lenders who assume the risk of the mortgage loan and are not compensated in any way should the loan eventually go into default. Government-backed mortgages do have a degree …Read More
FHA Home Loan News, Tips & Information
VA Jumbo Loans For High Cost Homes
VA has permitted Jumbo-size home loans for quite a while now. However, many Veterans are still unaware of the program requirements and benefits. This program is available to approved Vets nationwide, not just exclusive high-cost locations in Florida, Texas or California. If you are a Veteran with sufficient entitlement, it’s …Read More
FHA Mortgage Insurance Costs for 2025
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 new 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
Orlando FHA Loan Details and Benefits
FHA loans are perhaps the most popular mortgage choice for buyers in Orlando and the surrounding counties. In this post, we will discuss the Orlando FHA loan details and benefits that home buyers should know. The Federal Housing Administration introduced the FHA loan program in 1934 in order to bring …Read More
Orlando FHA Loan Standards
FHA home loans are a wonderful choice for first-time home buyers in Orlando Florida. The Florida FHA mortgage program provides several benefits for homeowners who are considering purchasing their first home but have limited down payment. Compared to most traditional mortgage loans, the FHA mortgage loan facilitates the process for …Read More
Jumbo Loan Financing 95% Florida
A Florida jumbo loan is a mortgage where the loan amount is above the conforming limit. Because such a large amount is being borrowed lenders can charge slightly higher interest rates for these loans. Conforming loan limits vary based on your location, and are higher in areas of the country …Read More
FHA Mortgage Insurance Explained
There are two primary types of mortgage loans available in today’s mortgage marketplace, VA, USDA, and FHA all fall into the government-backed category. Conventional loans are a little different due to the fact that the bank assumes the risk on a loan with no government backing. Government-backed loans will compensate …Read More
Jacksonville First Time Buyer Loan Programs Explained
First-time buyers are the catalysts in nearly every real estate market, Jacksonville included. When someone buys their very first home, that allows the existing property owners to move up and buy their second or third home. Over time, as equity builds, current owners then use that accrued equity to move …Read More
5 Jumbo Loan Myths Busted
It’s relatively easy to get a general idea of what it takes to qualify for a conforming loan, a loan that conforms to Fannie Mae and Freddie Mac’s lending guidelines. Nearly two out of every three conforming mortgages issued today are of the Fannie and Freddie variety. Each conforming loan …Read More
FHA Lender – Indian River, St. Lucie County
Homebuyers in Indian River & St. Lucie County may want to consider getting an Federal Housing Authority (FHA) backed loan to finance your home. FHA loans are also backed by the government, which makes them attractive to lenders who handle them. Consider this loan source if one or more of …Read More