fha purchase: FHA Home Loans are not just for First Time Homebuyers.
- 03/14/10 07:56 AM
FHA Home Loans are not just for First Time Homebuyers. It is a long held myth that FHA Loans are for First Time Homebuyers. This is not the case. FHA Loans are eligible for Primary Home Purchase and Primary Home refinance. With increased FHA Loan limits up to $729,750 and several FHA refinance options and benefits, FHA Home Loans offer current Homeowners opportunities. Homeowners looking to purchase a new home (ie move up buyer) can now take advantage of much higher FHA Loan limits to purchase their primary home. Click here to find the FHA Loan limits for your area. You can Refinance your Non-FHA Loan into … (0 comments)
fha purchase: Still time to lock in lower FHA Mortgage Insurance rates
- 03/10/10 08:33 AM
HUD announced in January that the Mortgage Insurance premiums for FHA will be increasing in April. For a standard FHA Purchase or FHA refinance, the Upfront Mortgage Insurance Premium (AKA UFMIP on your GFE's) will increase from 1.75% to 2.25%. The monthly premium will remain at today's levels: .55% for new FHA loans over 95% Loan to Value. That is for 5% or less down payment on a new purchase with a FHA Loan or 5% or less in equity for a FHA refinance. For a FHA Loan with a 5% or higher downpayment that Monthly premium will remain at .50%. You can still … (0 comments)
fha purchase: FHA loans still available with Fico's as low as 580
- 10/25/09 03:46 AM
VanDyk Mortgage is proud to announce that we offer FHA Loans for Borrowers with fico scores as low as 580. Many FHA Lenders have begun to require minimum Fico scores for FHA Loans of 640 in recent months. This is not due to changes in the FHA Loan Program, or mandates from HUD (who oversees the FHA program), these are individual Lender requirements from many of the big banks (yes, the same ones we all bailed out with our Tax Dollars). VanDyk Mortgage is proud to announce that we have FHA Loans available for Borrowers with fico's as low as 580. These are available … (0 comments)
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FHA Home Loans are not just for First Time Homebuyers. It is a long held myth that FHA Loans are for First Time Homebuyers. This is not the case. FHA Loans are eligible for Primary Home Purchase and Primary Home refinance. With increased FHA Loan limits up to $729,750 and several FHA refinance options and benefits, FHA Home Loans offer current Homeowners opportunities. 
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