fha changes: Compare and Choose for Yourself... Old FHA, New FHA, 3% Down Conv. - 02/21/13 11:46 PM

Compare and choose for yourself... old FHA, new FHA, conventional 3% down payment... see these programs side by side: click here
Also, April 9, 2013 we're hosting a brand new continuing education class for Realtors, and a brand new designation: Certified Residential Military Specialist. Learn to better serve those who serve for us. Keep watching for more on this.
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fha changes: Compare FHA to the New FHA and to 3% conventional - 02/21/13 09:44 PM
FHA Changes?  The photo depicts a comparison on a $175K purchase price home, comparing the current FHA in column 1 to the new FHA (on/after April 1, 2013) to a 3% down conventional loan.  Credit scores will obviously have an impact, however, most buyers with scores in the high 600's and 700's for sure, should be looking at the 3% down conventional program compared to FHA.  FHA still has it's place, large seller concessions and lenient credit guidelines; but for those buyers with good to better credit and not needing the 4-5-6% concessions, 3% Conventional is a more effective program.  And … (2 comments)

fha changes: A Closer Look at the Upcoming FHA Changes - 02/28/12 11:21 PM
Ken Pederson from FAIRWAY Independent Mortgage Corp. offers a closer look at the upcoming changes to FHA programs: http://content.screencast.com/users/Ken_Pederson/folders/Default/media/0e2c99a3-fb14-4fcb-93c8-5db5217b8ee8/FHA_Compare.png … (1 comments)

fha changes: FHA Changes Coming April 1, 2012 - 02/27/12 11:51 PM
Effective April 1st, 2012 FHA (the Federal Housing Administration) has some new costs and mortgage structure changes. Nothing major, but certainly something you should be aware of, because it's going to increase some of the costs to home buyers. Click on this link to see a short presentation of the changes. These are FHA changes, across the country, effective for all new applications after April 1, 2012. The FHA doesn't fund mortgages; they only insure mortgages. But, with increased default due to the current economy, and because of the rough loans from a few years back, the FHA has to increase … (1 comments)

 
Ken Pederson, Certified Mortgage Planner (FAIRWAY Independent Mortgage Corp)

Ken Pederson

Certified Mortgage Planner

Lancaster, PA

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FAIRWAY Independent Mortgage Corp

Address: 801 Estelle Drive, Lancaster, PA, 17601

Office: (717) 431-9299

Fax: (866) 580-9204

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Ken Pederson, a mortgage lender and Certified Mortgage Planner in Pennsylvania, talks about wealth accumulation and mortgage advice.


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