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Archive for the ‘FHA Loans’ Category

December 6, 2011 Federal Housing Administration Loan Limits Increased

In October, Congress decided to lower the top loan amount that the Federal Housing Administration (FHA) could back, but then at the end of last month, they decided to raise it again. This higher loan limit will be valid for the next two years and applies to the country’s priciest real estate markets. In October [...]

December 2, 2010 FHA Rule Changes Now in Effect

Last month, the Federal Housing Administration (FHA) made two major changes to the mortgage insurance that is paid by home buyers seeking FHA-insured loans. The first change raises the borrowers’ monthly insurance premium. It used to be approximately .5% of the loan balance, but is now approximately .9% of the balance. The other change lowers [...]

January 29, 2010 FHA Is True to its Word

Earlier this week, we wrote a post, in part, on the FHA’s plan to crack down on unscrupulous lenders. You can read the post here.  According to an article published in The Wall Street Journal on Tuesday, the FHA is making good on its promise. It suspended Home Mortgage Inc. for six months and pulled [...]

January 26, 2010 FHA Changes the Rules

On January 20, 2010, the Federal Housing Administration – a government insurance company that backs mortgages and refinance loans for lenders that follow its guidelines – changed the rules for home borrowers. Starting in the spring, borrowers will have to pay more up front to get a loan. The FHA is raising its upfront mortgage [...]

July 2, 2009 FHA Loans

In March, we wrote a post that, in part, discussed what distinguishes an appraisal for a Federal Housing Administration (FHA)-insured loan from an appraisal for a conventional loan and explained that the appraisers at Present Value are certified to conduct appraisals for both types of loans. Click here to read the full post. This week, [...]