Midland Mortgage Odessa // Frank Perea // August 8, 2013 // no comments
Midland Mortgage Services
Venta Mortgage is your local Midland, TX home loan and home refinance company. We offer a variety of home mortgage loan programs to help you get the home of your dreams. If you are looking for a low down payment and competitive Midland mortgage rate, ask us about our FHA home loan program, a great choice for first time home buyers. If you are or were previously in t…
Home Loans Midland Mortgage // Frank Perea // August 8, 2013 // no comments
Midland Texas First Time Home Buyer Loans
If you are a first time home buyer, you may be unsure of what your loan options are. However, there are multiple loan products out there that can help you finalize your first home purchase. When it comes to a mortgage loan, you want to have all the facts to ensure that you are getting the best possible mortgage terms.
Using an FHA Loan Makes Buying…
Midland Mortgage News // Frank Perea // February 27, 2013 // no comments
FHA Refinance vs. FHA Streamline Refinance
If you are seeking to refinance your mortgage loan, you may have come across information on FHA refinance, and seen FHA Streamline refinance. Although both programs are through the FHA, and both programs can lower your mortgage interest rate, and subsequently your monthly payments, there is a big difference between the two.
FHA Refinance
If you…
Home Loans Midland Mortgage // Frank Perea // January 29, 2013 // no comments
What is an FHA Loan?
There are many different types of home mortgage loans available to choose from, however FHA loans have greatly increased in popularity over the years, due to its easier qualification requirements, low down payment options and backing by the Federal Housing Administration.
FHA mortgage loans were designed to make home ownership easier to obtain for the general population.
Midland Mortgage Odessa // Frank Perea // November 1, 2012 // no comments
Now is a great time to get a mortgage in Midland, TX.
If you are looking to purchase a home in the Midland, TX area, now is a good time. With home prices bottoming out in an average of $170,000 in March of 2011, we have seen a steady rise in home prices to reach an average of $218,000 at the start of November 2012. If you would like to take advantage of a good deal on your home price, now would…
Home Loans Midland // Frank Perea // July 27, 2012 // no comments
FHA a division of the U.S. Department of Housing and Urban Development or HUD has increased their mortgage insurance premiums for FHA insured mortgage loans. Effective April 9th, 2012 an FHA loan with a term of 30 years and a down payment of 3.5% requires a 1.75% Upfront Mortgage Insurance Premium and a monthly mortgage premium of 1.25%. For a $100,000 mortgage the FHA fee would be $1750 dollars…
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…
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