FHA Mortgage Mortgage // Frank Perea // August 8, 2013 // no comments
FHA Mortgage Loans in Texas
An FHA mortgage loan is a popular program for first time home buyers and those seeking a lower down payment option. An FHA loan is backed by the Federal Housing Administration against default, meaning if the loan doesn’t get paid by the borrower, the FHA pays the lender making it an attractive program for mortgage lenders. There are several available mortgage loan…
FHA Mortgage Midland Mortgage Insurance Odessa // Frank Perea // April 1, 2011 // no comments
Beginning on April 18th 2011, HUD has announced that they will be increasing their FHA monthly mortgage insurance premiums by .25%. What does this mean for consumers who are on the fence about getting an FHA loan to buy a home? This means a higher monthly payment and possibly more difficulty in getting qualified if you already have a high debt to income ratio. The current guidelines currently…
* These fields are required.