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 Administration announced that FHA PMI rate reductions were cancelled. A Freeze to All Pending Regulations The White House issued a memo freezing […]
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 reduced monthly mortgage insurance rates for FHA loans starting January 27, 2017. This will reduce monthly payments for FHA buyers or allow them to […]
Well Water Requirements for FHA Loans
Details on the well water requirements for FHA loans | Important for NH and MA home buyers purchasing in areas without public water sources
Preparing for FHA Appraisals
Preparing for FHA appraisals involves addressing certain property deficiencies that do not meet HUD property safety guidelines
MIP Refund For FHA Refinances
If you have an FHA loan and are refinancing it with another FHA loan, it may be possible to get a partial refund on the MIP that you previously paid. The amount depends on how long you have had the original FHA loan. Here are some important details on the MIP refund for FHA refinances. […]
MA FHA Loans Reduced Mortgage Insurance Rates beginning January 26, 2015
MA FHA loans reduced mortgage insurance rates beginning January 26, 2015 – Impact of the Reduced Mortgage Insurance Rates – shared by Christopher Graves at Sierra Pacific Mortgage Company
Eliminating PMI From FHA Loans
Important details on Eliminating PMI from FHA loans – posted by Christopher Graves at Sierra Pacific Mortgage Company