Shopping for the Right Mortgage Finding a mortgage that’s right for you should be easy. But there are often many different programs to choose from, as well as a myriad of ways to structure the loan in terms of the amount, term, payment, rate, closing costs…the list of options may seem endless. However, because there [...]
Archive for the ‘FHA’ Category
Oregon Mortgage Options
Posted in FHA on May 29, 2012 | Leave a Comment »
Big Changes to FHA
Posted in FHA on August 6, 2010 | Leave a Comment »
Good Friday! There are some (big) changes to the FHA program beginning on September 7th, 2010. FHA is lowering their Up Front Mortgage Insurance (Financed on top of the loan) from 2.25% down to 1%. Yes, this sounds great doesn’t it? Not so much, they are raising the monthly mortgage insurance from .55% to [...]
Sweeping changes to FHA? Well not quite…
Posted in FHA on March 29, 2010 | Leave a Comment »
If you are looking for an FHA loan in Oregon, get on the ball! Changes are coming! On April 5th, 2010 FHA is changing the guidelines of some of their programs. Although most investors have had overlays in place for some time, FHA now requires prospective buyers to meet tougher stipulations including credit scores and UPMIP increases. [...]
