FHA Loans | My Mortgage Insider

FHA Cash-Out Refinance: Access Your Home Equity

August 11, 2022

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 streamline refinance with a second mortgage

FHA Loans · News

Complete an FHA Streamline Even if You Have a Second Mortgage

August 11, 2022

Some buyers find that they have built equity in the home a few years after buying it using an FHA mortgage. So they take out a home equity loan or […]

Ask Tim · FHA Loans

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

August 11, 2022

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 (MPS)? How does the buyer […]

FHA Loans · Home Buying · Understanding Mortgages

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

August 11, 2022

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 as […]

Payment Difference between FHA and Conventional 97 - Conventional 95

Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance

FHA vs Conventional Loan: Which Is Better?

August 11, 2022

Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]

FHA Loans · Home Buying

Buying a Home With an FHA Loan | Rates & Requirements 2022

August 1, 2022

The Federal Housing Administration (FHA) loan is one of the greatest tools for first time and repeat homebuyers. With a minimum down payment of 3.5%, great rates, and lenient credit guidelines, […]

FHA Loans · Refinance

FHA MIP Refund Chart & Guide | 2022 Mortgage Insurance Premiums

July 27, 2022

Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the […]

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

Piggyback 80 10 10 Loans Will Save You Money in 2022

July 25, 2022

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.

Buying a home with less than 20 percent down

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

Get A Mortgage With Less Than 20% Down

July 25, 2022

Low down payment 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 […]

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?

July 25, 2022

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 […]

Category: FHA Loans

FHA Cash-Out Refinance: Access Your Home Equity

Complete an FHA Streamline Even if You Have a Second Mortgage

More

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

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

FHA vs Conventional Loan: Which Is Better?

Buying a Home With an FHA Loan | Rates & Requirements 2022

FHA MIP Refund Chart & Guide | 2022 Mortgage Insurance Premiums

Piggyback 80 10 10 Loans Will Save You Money in 2022

Get A Mortgage With Less Than 20% Down

Can I Use an FHA Refinance to Remove a Borrower?

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