Tag: FHA

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FHA to reduce cost of mortgage insurance

In an attempt to bring more First-Time Homebuyers back into the housing market, the Federal Housing Administration ("FHA") recently announced that it would reduce its annual mortgage insurance premiums from 1.35 percent to 0.85 percent.  ...

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How changes to FHA loans could impact you

Two major changes to FHA loans designed to boost its depleted mortgage insurance fund may result in many borrowers opting to forego an FHA loan for a conventional loan with private mortgage insurance. The first change became effective April...

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Assumption advantage on the FHA loan

In addition to a low interest rate and a reduced required down payment, the FHA loan offers today’s homebuyers another little-noticed advantage over the conventional/conforming loans. Unlike most conventional loans, FHA loans are assumable...

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New FHA rules lower up-front costs of homebuying

FHA loans have become more popular than ever in recent years as purchasers have struggled to come up with the necessary 20 percent down payment required for a conventional loan. Previously, a common solution to the 20 percent problem was...

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