Mortgage Information

FHA PMI Rate Reductions Cancelled

We were so happy to announce a few weeks ago that the FHA monthly PMI rates were going to drop later this month. However, an important change has taken place. Last Friday, the Trump Read More >

Reduced Monthly Mortgage Insurance Rates for FHA Loans Starting January 27, 2017

UPDATE 1/20/17: This rate reduction was cancelled by the Trump Adminsitration. Click here for details. The beginning of the new year comes with some BIG news for first time home buyers. FHA announced Read More >

Well Water Requirements for FHA Loans

If you are purchasing a home in Southern NH or certain communities in Eastern MA, you may be dealing with well water. When using an FHA loan to purchase homes, it's important to be aware that the well Read More >

FHFA Increases Conforming Loan Limits for 2017

The Federal Housing Finance Agency (FHFA) has finally decided to increase conforming loan limits for 2017 under Fannie Mae and Freddie Mac. This is great news for home buyers purchasing in this ever Read More >

Preparing for FHA Appraisals

When you obtain a mortgage, either to purchase a new home or refinance an existing home, an appraisal is required. For FHA Home Loans, appraisers must evaluate property safety conditions and ensure Read More >

Homeownership Bridal Registry Accounts

After getting married, many couples move on to purchase a new home. Wouldn't it be great if wedding guests could contribute to a couple's down payment on their new home as a wedding gift? Actually, Read More >

Lower Fees for USDA Home Loans Starting October 2016

USDA loans are a great option for home buyers purchasing properties in rural and suburban areas. This program is offered by the US Department of Agriculture. It offers great features that extend home Read More >

New Refinance Program for Mortgages with High Loan-to-Value

Interest rates are low, but some homeowners still find themselves stuck with old mortgages due to their high loan-to-value ratios or other qualification issues. The Federal Housing Finance Read More >

HomeReady Mortgage Program Changes

The HomeReady mortgage program is a special program through Fannie Mae for low to moderate income families. Fannie Mae recently announced some changes to this program that may allow more home buyers Read More >

Funding for USDA Home Loans Running Out

USDA Home Loans are offered in rural and semi-rural areas. There's a misconception that USDA loans are only for farmers. In fact, they are used by many single-family home buyers who are not farmers Read More >