Tag Archives: FHA
FHA fees are going up. Hurry!
A few weeks ago I told you if you wanted to get a Federal Housing Administration mortgage, you should get moving to avoid higher mortgage fees. I hope you didn’t ignore my advice, but if you did, here goes your second chance to save money.
The FHA sa… Continue reading
FHA fees on the rise again
Beginning April 1, borrowers will pay more for upfront mortgage insurance from the Federal Housing Administration, or FHA. Fees were last raised in April 2011 and are at the highest in the FHA’s history.
Premiums for the insurance will rise from 1 perc… Continue reading
FHA loans will cost more
If you plan to get an FHA mortgage or want to refinance with an FHA loan, act quickly.
A few weeks ago, I told you that mortgages insured by the Federal Housing Administration would get more expensive this year because of recently approved legislation … Continue reading
Does FHA help rich homebuyers?
The purpose of the Federal Housing Administration, or FHA, is being debated as Congress wrangles over whether to restore higher mortgage limits for federally insured loans. In 2008, limits were raised from $417,000 to as high as $729,750 in expensive a… Continue reading
Help solve the housing crisis
Have a few ideas about how to solve the housing crisis you’re just dying to share with the people in charge? Step right up: The Federal Housing Finance Agency, or FHFA, is seeking input on creative solutions to get foreclosed homes off the market and… Continue reading
FHA requirements could change
House Republicans have proposed a bill to “strengthen FHA” by raising the minimum down payment for FHA loans from 3.5 percent to 5 percent.
They also want to prohibit FHA borrowers from financing their closing costs and to lower the limits on FHA loans… Continue reading
FHA costs go up Monday
It will cost more to get an FHA-insured loan, starting Monday. You have this weekend to apply for an FHA-insured mortgage and grab the lower premiums.
The Federal Housing Administration insures mortgages, and it has a two-part premium structure. There’… Continue reading
Shutdown will impact FHA loans
If you are scheduled to close on an FHA loan or are in the process of obtaining one you should hope for the best and brace for the worst.
If lawmakers can’t reach an agreement on budget issues before midnight on Friday government will shut down and s… Continue reading