FHA Loans · Understanding Mortgages
January 18, 2021
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 5, 2021
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? […]
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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
January 1, 2021
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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December 12, 2020
With an FHA loan, nearly all borrowers will be able to pay as little as 3.5% of the home’s purchase price as a down payment.
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May 18, 2020
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, […]
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FHA Loans · Home Buying · Understanding Mortgages
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 […]
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Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans
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 […]
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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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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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Mortgage expert Tim Lucas has been helping home owners for over 12 years.
