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HUD.gov / U.S. Department of Housing and Urban Development (HUD) – FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
Fha Annual Mortgage Insurance Premium FHA Has Lowered its Mortgage Insurance Premiums (MIP) in 2015 – The move will save the average home buyer $100 per month and could spur millions more renters to become homeowners. The current annual mortgage insurance premium, or MIP, is equal to 1.35% of the loan amount but will drop by one half of one percent to 0.85%. The FHA loan could rise in popularity thanks to the real savings afforded to new buyers.
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Trends in FHA & VA; Agency/Lender Changes; Note on Improving Borrower Profiles – “Every comment I read online basically. all VA Jumbo loans with a total loan amount greater than $417,000 will be priced under product code #1105 (FHA Jumbo) temporarily. ditech is reminding its’.
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