homes in boise: FHA Fees Going Up April 1st
- 03/05/12 09:09 AM
FHA Fees Going Up April 1st FHA has raised the annual Mortgage Insurance Premium to 1.25% beginning April 1st. MIP is required on all FHA loans and used to fund losses by lenders for borrowers who default on their mortgages. As of June 1st, FHA loans in excess of the standard maximum of $625,500, in high-cost areas, will have a premium of 1.5% of the loan amount. In addition to the increase in the annual MIP, FHA also announced it plans to raise the fee on the up-front MIP from 1.00% to 1.75%. No date was reported for its implementation. … (0 comments)
homes in boise: Historic Homes and Historical Districts in Boise, Idaho
- 11/25/10 06:21 AM
I took a continuing education class taught by Barbara Dawson yesterday about Historic Homes and Historical Districts in Boise, Idaho. It was interesting to know that facades of buildings can be identified and appraised and then set in perpituity, so that the owner of the building is still required to maintain the exterior, even though a not-for-profit now owns the facade.
Did you know you can't sandblast or use a chemical to remove paint on a historic home's exterior brick, or a fence constructed of similar materials on historic homes and historic districts in Boise, Idaho? Did you know that … (2 comments)
homes in boise: Hard to find homes in Boise, Idaho
- 11/23/10 04:33 PM
Hard to find homes in Boise, Idaho I was looking for homes in a particular price range the other day that my client wanted in the Rocky Mountain High School area in Meridian, Idaho. There were only five homes available and four were short sales and one was a bank-owned home. It's hard to make a family happy, like this foursome below, when you have to wait for banks to decide on whether they can own a home or not.
If you need to close on a home within a specific time frame, it can be hard to … (2 comments)
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