Tag Archives: FHA Loans

HUD Announces Changes to FHA Loans

  By Sarah C. Young, Megan Booth On Jan. 30, 2013, the Federal Housing Administration’s (FHA) Commissioner Carol Galante announced a series of changes to be issued this week that manage risk and further strengthen the heath of FHA’s Mutual Mortgage Insurance Fund (MMI … Continue reading

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FHA and the History Behind It

While checking on the FHA changes, I came across this interesting information that I thought might answer a lot of questions for buyers. What is the Federal Housing Administration? The Federal Housing Administration, generally known as “FHA”, provides mortgage insurance … Continue reading

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FHA Changes

I recently received this information on FHA changes from a local LKN Lender: FHA is making some changes. In short the MIP funding fee FHA charges is currently 2.25% this is added into the actual loan amount. As of Oct … Continue reading

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This Month In Real Estate – July

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Rehab a Home with Hud’s 203K Rehab Program

I recently had an opportunity to learn more about HUD’s 203k Program.  I had a client with a great amount of interest in an Incomplete New Construction house.  The home had a Certificate of Occupancy which is a major plus, … Continue reading

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Mortgage Interest Rates from Peoples Bank

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Today’s Interest Rates Provided By Peoples Bank in Denver, NC

CONVENTIONAL <= $417,000 30 Year Fixed Rate   5.375%  JUMBO >$417,000 30 Year Fixed JUMBO  6.25%   GOVERNMENT LOAN PROGRAMS FHA 30 Year Fixed  5.375% VA 30 Year Fixed  5.375% USDA 30 Year Fixed  5.50% Need a Great Lender, Try Suzanne! … Continue reading

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