Tag Archives: FHA

2014 FHA loan limit

New FHA loan limits for 2014 have been announced. For Washoe County, Nevada the loan limit for a single-family home is decreasing from $403,750 to $325,450. That’s a reduction of more than $78,000 to max amount of an FHA loan. … Continue reading

Posted in Lending | Tagged , , | Leave a comment

FHA vs. PMI

Just received an infographic from Genworth Financial comparing the costs of FHA vs. PMI that I thought I’d share. For those readers considering a mortgage for their home purchase and contemplating an FHA loan compared to a loan with private … Continue reading

Posted in Lending | Tagged , | Leave a comment

FHA mortgage insurance rates increase next week

Effective April 1, 2013 the Federal Housing Administration’s (FHA) will increase its annual mortgage insurance premium (MIP) for most new mortgages by 10 basis points or by 0.10 percent. This increase will bring the mortgage insurance rate to 1.35 percent. … Continue reading

Posted in Lending | Tagged , | Leave a comment

Prospective FHA borrowers, you have one month remaining…

…before the higher mortgage insurance premiums kick in. I’ve been alerted by multiple lenders this week regarding the new FHA mortgage insurance premiums set to become effective April 1. For loans under $625,000 FHA will increase its annual mortgage insurance … Continue reading

Posted in Lending | Tagged , | 4 Comments

FHA loan limits extended until December 31, 2011

Last Friday the Department of Housing and Urban Development issued a Mortgagee Letter to all approved mortgagees stating what are to be the Federal Housing Administration’s (FHA) Maximum Loan Limits Effective October 1, 2011 through December 31, 2011.  For the … Continue reading

Posted in Lending | Tagged , | Leave a comment

FHA loan limits to be cut by nearly 20 percent – will it matter?

I received an email this week from a Senior Loan Officer informing me of a possible decrease to FHA funding limits if Congress fails to act. The email read: “Barring Congressional action, FHA loan limits will revert back to loan … Continue reading

Posted in Agent Insights, Lending | Tagged , | 11 Comments

FHA mortgage insurance to increase 25 basis points

Just received this heads-up from a local lender regarding an upcoming FHA mortgage insurance increase: Effective April 18th mortgage insurance on FHA loans to incur a 0.25% increase. Here’s a link to the HUD letter: Mortgagee Letter 11-10 Or, if … Continue reading

Posted in Lending | Tagged , | 2 Comments

FHA loan changes coming soon

Received an email from a lender friend of mine notifying me of new FHA loan requirements coming next month.  Thought I’d pass along the info for those who may be interested… FHA made an announcement last week about the future … Continue reading

Posted in Lending | Tagged | Leave a comment