Tag: FHA

Can you save money on your FHA home Loan?

January 25, 2015

The U.S. Department of Housing and Urban Development (HUD) recently announced a half-percent reduction in mortgage insurance premiums on certain FHA loans. According to HUD, the average FHA homeowner can save $900 per year on mortgage insurance. What can you do about it? For your current FHA Loan, let’s talk about whether a refinance makes …

There may be a way with FHA…

by carlspiteri

January 16, 2015

FHA loans still work when others might not. Here are a few of the beneficial features: Low Down Payments – As little as 3.5% down will work in most instances, and 5% covers most others. Higher Loan Amounts – In some areas, FHA maximums can exceed conventional loan limits. Lower Total Cash to Close …