FHA Loans | My Mortgage Insider

FHA Loans · Home Buying · Understanding Mortgages

Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?

March 17, 2020

There are quite a few loan options available to buy fixer upper homes. “By buying a fixer-upper, you can definitely increase the value of the home as it appreciates and […]

Remove a Co-borrower with an FHA Streamline Refinance

Ask Tim · FHA Loans · News · Refinance

Can I Use an FHA Refinance to Remove a Borrower?

March 17, 2020

The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower from […]

Buying a home with less than 20 percent down

Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans

Mortgages That Don’t Require A 20% Downpayment

March 9, 2020

Low Downpayment Mortgage Options Many home buyers believe they need a 20% downpayment to buy a home. This misconception could stop buyers before they start, and cost them years of […]

FHA Loans · Refinance

FHA Cash-Out Refinance: Access Your Home Equity

March 5, 2020

Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinance? […]

FHA Loans · Mortgage Strategy · Refinance

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

March 5, 2020

Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s January Origination Report stated FHA loans are no exception — average mortgage interest rates decreased to […]

Ask Tim · FHA Loans

What if the home does not meet FHA Minimum Property Standards (MPS) and selling as-is?

March 4, 2020

Recently I was asked what happens when a property is being sold as-is, and the seller will not do repairs – but the home doesn’t meet FHA minimum property standards […]

Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

Cancel your FHA Mortgage Insurance Today

March 2, 2020

An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]

Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance

Piggyback 80 10 10 Loans Will Save You Money in 2020

February 21, 2020

An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.

FHA Loans · Refinance

FHA Streamline Refinance Rates & Guidelines for 2020

February 19, 2020

The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]

FHA Loans · Home Buying

The FHA 203k Rehab Loan: Financing the Fixer-Upper

February 14, 2020

Have you found a home that you love, but it’s in bad shape? The 203k loan may be a perfect way to purchase a home that is a little rough […]

Category: FHA Loans

Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?

Can I Use an FHA Refinance to Remove a Borrower?

More

Mortgages That Don’t Require A 20% Downpayment

FHA Cash-Out Refinance: Access Your Home Equity

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

What if the home does not meet FHA Minimum Property Standards (MPS) and selling as-is?

Cancel your FHA Mortgage Insurance Today

Piggyback 80 10 10 Loans Will Save You Money in 2020

FHA Streamline Refinance Rates & Guidelines for 2020

The FHA 203k Rehab Loan: Financing the Fixer-Upper

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