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

December 10, 2013 No Comments

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

April 18, 2013 No Comments

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

March 28, 2013 No Comments

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

March 1, 2012 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

August 21, 2011 No Comments

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

August 10, 2011 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

February 14, 2011 2 Comments