fha origination fees: FHA Origination Fees & Origination Charges - What does it all mean? - 03/17/11 10:47 PM
I have heard many different explanations when it comes to FHA origination fees. In my opinion, there seems to be confusion and inconsistencies when it comes to FHA origination fees. Let's first define FHA origination fee or just origination fee. In the HUD buying handbook, it is explained to be a fee charged for the processing of the loan application. The origination fee is a percentage of the loan amount, if charged. It's not a standard 1 percent. It could be any fraction of a percentage. This fee can vary amongst lenders, especially depending on the interest rate. And even though … (11 comments)
|
fha origination fees: Misleading FHA Rumors & FHA Myths - Information needed to be properly armed - 10/12/10 09:54 AM
FHA loans are not dead and shouldn't be going any where soon.
The other day a loan officer sent me an e-mail asking me if FHA loans are going away anytime soon. I asked, where did you hear this nonsense. The loan officer replied, “from 3 realtors in my area.” Sounds like water cooler talk to me.
My Common sense – If FHA loans disappear, so will our economy, right off the map. Here is why..
Positives with FHA loans -
FHA still allows you to put 3.5 percent down as your down payment, even with a credit … (35 comments)
|
fha origination fees: FHA Rumors & FHA Home Loans - June 2010 - 06/09/10 11:24 AM
FHA Rumors & Myths about FHA LOANS
FHA Mortgages have gained popularity in the last 2 years because of the demise of the subprime mortgages and because of conventional loans. Conventional loans have become harder and in some cases, more expensive depending on your credit score and down payment.
In any case, I am still hearing some negative comments and input about FHA loans. I have been doing FHA loans since 1993 and I never felt that they hindered the loan process. These rumors are usually started by those that aren't as experienced in doing FHA mortgages.
… (13 comments)
|
fha origination fees: FHA Loans & FHA Mortgages - setting the record straight !!!! - 06/28/09 09:42 AM
FHA Loans and FHA Mortgages -
Believe it or not, for many areas across the United States, in today's market, FHA mortgages seem to be about 50 percent of today's real estate transactions. What has bothered me since there aren't as many mortgage programs as outlets anymore, is that more and more lenders/loan officers are utilizing FHA loans now than ever before. And the crime to this surge of FHA loans is that more and more loan officers are just making up stuff that isn't even 1 percent true, just to get the borrower in the door.
What … (13 comments)
|
|
|
|
;)
;)
;)
