Navigating San Diego FHA Loan Requirements
Discover San Diego’s Top Mortgage Lenders and Uncover FHA Loan Requirements. Find the Best Mortgage Lender in San Diego for your needs today.
4 Things You Don’t Know About FHA Loans
FHA loans are among the most versatile and accessible lending options for San Diego borrowers. Many homebuyers and homeowners still believe certain myths about FHA loans, however. In this post, I am going to dispel some of those misconceptions so you better understand what an FHA loan can do for you. Here is what you […]
FHA MIP and Some VA Funding Fees Reduced
Here is great news for anyone looking to apply for a VA or FHA mortgage: the Federal Housing Administration (FHA) has reduced annual mortgage insurance premiums (MIP), and certain VA mortgage funding fees have also been reduced. Homeowners Can Save With Lower FHA MIP Beginning on March 20th, 2023, the FHA monthly mortgage insurance premium […]
FHA Loans in San Diego: Not Just for First-Time Homebuyers
“I’m not a first-time homebuyer. Why would I apply for an FHA loan?” This is a common question directed at FHA loan lenders in San Diego. It points toward a common misunderstanding about FHA loans. FHA loans are so readily associated with first-time home buyers that is frequently assumed that those are the only purchasers […]
Is An FHA Loan The Right Choice For You?
Today, home buyers are faced with a plethora of mortgage options presented by qualified lenders. These include traditional fixed rate mortgages, adjustable rate mortgages, and interest only mortgages. Unfortunately qualifying and obtaining a mortgage is no easy feat. Anyone looking to own a home is taking on significant debt, and if their credit score is […]
Obama Has Cut FHA Mortgage Insurance Premiums
Obama Has Cut FHA Mortgage Insurance Premiums President Barack Obama announced a major step taken by his administration to make mortgages more accessible and affordable to lower-income buyers. The president targeted the mortgage insurance premiums in his attempt to make homeownership more accessible to low income buyers. This reduction of the premiums is the latest […]
Obama Plans To Cut FHA Mortgage Insurance Premiums
Obama Plans To Cut FHA Mortgage Insurance Premiums On January 7, 2015, President Barack Obama announced that the administration plans to cut Federal Housing Administration mortgage insurance premiums. This move is expected to open the housing market to roughly a quarter of a million Americans looking to buy a new home. The announcement President Obama embarked […]
FHFA Is Noticeably Easing Mortgage Standards
Mel Watt, director of the Federal Housing Finance Agency (FHFA), recently announced extensive plans to expand the access of homebuyers to mortgage loans, by easing lending standards. The current tight lending conditions governing the market are considered the main cause behind the hindering of the real estate industry. During the annual conference of the Mortgage […]
FHA’s Back to Work Program Allows Homeowners to Buy Again Sooner
Due to financial hardships caused by the recession, many homeowners were forced to forfeit their houses in a foreclosure or sell them as a short sale. Typically, an ex homeowner who lost their home in one of these situations would have to stand aside and wait a minimum of 36 months before attempting to purchase […]
FHA Has Agreed To End Its Controversial Full-Month Interest Policy
Are you responsible for paying interest on your mortgage even after you have paid it off in full? When your principle balance reaches zero, does your interest clock stop running? The answer to these questions has been a shock to many home sellers and refinancers. If your home was financed with a loan insured by […]
