FHA Home Loans are quickly becoming the best First Time Home Buyer Home Loan program available. FHA Mortgages offer low Mortgage Rates for home purchase or refinance. First Time Home Buyers can also take advantage of the $8000 First Time Home Buyer Tax Credit currently offered for anyone who hasn't owned a home for the past 3 years. If you currently have an FHA Home Loan, you can take advantage of the fast and easy FHA Streamline Refinance Loan to lower your payment today.

FHA Program News

FHA UP-FRONT MORTGAGE INSURANCE PREMIUM TO INCREASE TO 2.25%

JANUARY, 2010

FHA Up-Front Mortgage Insurance Premium to Increase to 2.25%

FHA now insures close to 30% of all mortgages nationwide due to decreasing availability of traditional products. This has put a serious stress on the maximum limits of total FHA loans that can be insured. For that reason, FHA has been forced to raise capital reserves in order to be able to keep insuring more mortgages. This is the root cause of the increase in ...

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January 20, 2010 13:34

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FHA APPRAISAL CHANGES DELAYED

It's official- FHA's proposed changes to how appraisals are ordered and regulation changes have been postponed to February 15th.

The move comes at a time when conventional appraisal guidelines under the Home Valuation Code of Conduct legislation have come under fire and may be repealed.

The measure would prevent appraiser from being hired or paid directly by mortgage brokers, in an attempt to circumvent appraisal fraud.

Download here the full mortgagee letter from ...

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January 10, 2010 9:53

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FHA HVCC DEADLINE EXTENDED

DECEMBER, 2009

HUD requirements that brokers must order FHA appraisals through a third-party appraisal management system have been delayed to February. Although the delay is a positive sign that perhaps this law will not be implemented on mounting pressure to repeal HVCC across the board, some lenders are already adopting the policy as of Jan 1 despite the extension.

HVCC has come under scrutiny as appraisal fraud has not been reduced with the new policies, and the ...

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December 30, 2009 9:56

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FHA DOWN PAYMENT TO RISE TO 5%?

First Time Home Buyer Tax Credits.

The lowest (government influenced) rates in 50 years.

Home affordability index at all time highs.

Home prices deflated.

The hardest time to qualify for a mortgage in decades.

It seems ironic that at a time when the government is doing everything they can to coax people into buying homes, underwriting standards continue to get tighter every day. The latest change to guidelines will make ...

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December 14, 2009 17:16

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MORTGAGE RATES RISING

JUNE, 2009

Mortgage rates have climbed to the highest level we have seen since last fall.

Although still very low historically, people have gotten used to rates at 5% or even lower. Currently, rates sit in the mid-5%'s and it appears to be unlikely they will dip back down again to where they were.

The rise in rates seems to mainly be tied to the fact that there is too much supply of bonds in ...

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June 05, 2009 4:48

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FHA RATES STAY LOW

MAY, 2009

FHA Home Loan Rates are staying at low levels we haven't seen for decades. Many people are taking advantage of the Low FHA Mortgage Rates for the FHA Refinance Loan or FHA Home Purchase Loan. At the time of this post, FHA Streamline Refinances can be done at 5% on a 30 year fixed rate mortgage with minimal closing costs and points.

May 19, 2009 14:02

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NEW DOWN PAYMENT ASSISTANCE OPTION

The government announced this week that they plan to make the $8000 First Time Homebuyer Tax Credit available at the table to use as a down payment.

That means that you can buy a home for up to $225,000 with your FHA Home Loan Financing with Low FHA Mortgage Rates, and the government will subsidize your down payment!

Please visit our $8000 First Time Homebuyer Tax Credit page for more details!

May 16, 2009 9:11

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WANTED: GUEST AUTHORS

FHA Home Loan Help is currently seeking guest authors to write FHA and Real Estate related posts on this blog. We are interested in professionals in the following fields: Real Estate Agents, Financial Planners, Home Inspectors, Credit Repair Experts, Real Estate Attorneys, Appraisers, Title Company Reps, or any other FHa or Real Estate related field.

Increase your exposure and backlinks to your website. You will receive a prominent link to your website on the ...

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May 07, 2009 8:19

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