usda: FHA Loans About To Get More Expensive - One More Reason To Use A USDA Loan
- 02/17/11 09:38 PM
FHA Loans About To Get More Expensive - One More Reason To Use A USDA Loan Starting April 18, 2011 the factorial used to determine annual mortgage insurance premiums for a FHA loan will increase .25%. Based on today's annual mortgage insurance premium rate of .9%, assuming a 3.5% down payment on a 30 year mortgage, the .25% increase will result in a new rate of 1.15%. Assuming a $200,000 loan amount the increase in mortgage insurance rates will cost the borrower an additional $41.66 per month. To determine the impact on a FHA borrowers monthly payment start by taking the monthly mortgage insurance premium factorial at .000958 (1.15%/12) … (4 comments)
usda: Understanding the USDA Rural Development Loan Program in Less Than Five Minutes
- 02/03/11 07:00 PM
Understanding the USDA Rural Development Loan Program in Less Than Five Minutes USDA Rural Development Loan Program is a fantastic no money down, 100% financed USDA Loan Program that is ideal for certain homes and certain buyer(s). Trying to determine the areas and buyers that are eligible for the USDA Loan Program is a constant source of confusion for less experienced Realtors, Lenders, and home buyers. To demystify this loan program and simplify the USDA Loan Program homebuyers and Realtors can either reference the USDA Loan underwriting guidelines (RD 1980-D). Or assuming that reading several hundred pages of a lender handbook … (2 comments)
usda: Carroll County, MD - USDA Approved Zero Down Home Mortgage Loans
- 09/10/10 10:30 AM
Carroll County, Maryland - USDA Approved Zero Down Home Mortgage Loans Believe it or not the U.S. Department of Agriculture (USDA) is in the zero down home mortgage loan business. USDA offers through their Rural Development Loan Program zero down home mortgage loans with the goal of supporting home ownership for low to moderate income households in rural communities. Imagine being able to purchase a house with a zero down home mortgage loan in Carroll County, Maryland with the following benefits: The majority of Carroll County, such as Eldersburg, Hampstead, Manchester, Mount Airy, New Windsor, Sykesville, and Taneytown, are eligible for this zero down home … (2 comments)
FHA Loans About To Get More Expensive - One More Reason To Use A USDA Loan
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