FHA Loans · Mortgage Rates · Refinance
February 12, 2020
FHA loans closed at the highest clip in the past 18 months. Over 74.2 percent of FHA loans closed in the month of December, up from about 74 percent in […]
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FHA Loans · Understanding Mortgages
February 11, 2020
A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]
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January 15, 2020
Editor’s note: FHA loan changes which were rolled out in 2017 are in effect in . According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
January 7, 2020
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 […]
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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
December 4, 2019
100% Financing Home Loans for New and Repeat Home Buyers 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a […]
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October 17, 2019
When you get an FHA loan, you pay a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium (also known […]
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February 1, 2017
An hour after Donald Trump’s inauguration on January 20, his administration suspended the previous administration’s cut to FHA annual mortgage insurance premiums (AMIP). Announced on January 9, the rates would […]
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January 9, 2017
Editor’s note: FHA rolled back this proposal, and FHA mortgage insurance did not change from previous levels. To see current FHA insurance premiums, see our FHA loan page. The FHA is […]
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January 1, 2017
Some people just don’t have perfect credit or a big savings account. These are some of the folks who might be the best candidates for an FHA loan these days. […]
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Conventional Loans · FHA Loans · Home Buying
November 19, 2016
One thing you should know as a first time or repeat home buyer is that mortgage lenders allow financial gifts to be used toward the down payment on a house. […]
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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
