fha underwriting guidelines: FHA PMI Changes in April and June
- 04/10/12 02:48 AM
HUD (and Congress, and FHFA) is putting pressure on FHA to be more solvent, and less of a looming Risk on the Economy. Because of this, FHA Underwriting Guidelines, have gotten tighter, they've instituted changes in downpayment requirements for those who are higher risk... and they've continually changed what they charge for PMI.
To be clear, FHA PMI is not really a term that is used. The "Technical" term is Mortgage Insurance Premium, or MIP - but most of the folks we talk to think of the charges as FHA PMI, so that's what we say when we refer to it.
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fha underwriting guidelines: FHA Underwriting Guidelines for NC
- 08/02/11 05:27 AM
We talk to people everyday who have questions about qualifying for a FHA Mortgage Loan in NC. FHA Underwriting Guidelines, are actually pretty straightforward.
Unlike qualifying for a VA Mortgage loan (where you must be a qualifying Veteran) or a USDA Home Loan (that requires that you meet income limits for your county and the property must fit within the USDA RD Loan Footprint) – FHA has far fewer restrictions! They do have Maximum Loan Amounts, which vary per county – but other than that, just about anyone who wants to purchase an Owner Occupied Home can do so!
Maximum … (3 comments)
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HUD (and Congress, and FHFA) is putting pressure on FHA to be more solvent, and less of a looming Risk on the Economy. Because of this, FHA Underwriting Guidelines, have gotten tighter, they've instituted changes in downpayment requirements for those who are higher risk... and they've continually changed what they charge for PMI.
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