I may have jumped the gun on that last post. Yes the HUD Commissioned did announce that on January 27th FHA MIP rates were going to be reduced, but I had no idea that our new president’s first act (and I mean within minutes of being inaugurated) would be to roll back this change.
In an unexpected announcement HUD Secretary Julián Castro has announced that FHA’s Mutual Mortgage Insurance Fund (MMIF) has more than fully recovered from the trouble it was in due to the Great Recession of 07-2011. This is going to allow them to reduce FHA MI rates by a full .25% and the new rates go […]
Fresh on the heels of Fannie Mae and Freddie Mac increasing their loan limits, the FHA has followed suit.
FHA has become one of the go to loan products for first time home buyers, those with low down payments, and those with credit challenges. It is a great product for many […]
Today President Obama announced a plan for some pretty major changes at FHA that will make mortgages more affordable and accessible to creditworthy families. The most important of which, in my opinion, is the reduction of the annual FHA Mortgage Insurance Premium (MIP) by 0.5%.
As many of you know the FHA MIP […]
Last week the Federal Housing Administration, an arm of HUD (the department of Housing and Urban Development) announced a new “Blueprint for Access” that, if implemented, should lower the cost of having an FHA loan as well as make getting an FHA loan a little easier for some home buyers.
Below is a question I received on my website, as well as the answer. For the most part most lenders do a pretty good job of this but sometimes they don’t and you have the power to question them if they think they are collecting too much from you…
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(especially in the ultra-hot Roseville and Rocklin real estate markets)
This is a GREAT tip for buyers out there right now…
If you are out there looking at homes and making offers in this market, especially in the Roseville, Rocklin, Lincoln, Granite Bay, or Folsom areas, you know we’re […]
What is an EEM and is it even relevant in the world of real estate in the Roseville/Rocklin area or greater Sacramento?
Whether you’re purchasing or refinancing, today’s reality is that many of us should consider making energy conservation improvements to our homes. Most homes can benefit from energy upgrades.
The government just made refinancing your FHA mortgage more affordable, and more importantly possible, at least for a few hundred thousand homeowners that couldn’t take advantage of today’s rates before (June 11th).
The Federal Housing Administration has reduced MI (mortgage insurance) fees significantly for SOME homeowners who qualify for the FHA’s […]