Archive for the ‘FHA Streamline Refinance’ Category

If you are considering an FHA streamline refinance, and you should if your current interest rate is 5% or more, the time to get this started is rapidly running out. Effective with any case numbers assigned on or after October 4, 2010, the new FHA loan will have an increased yearly mortgage insurance premium. Read More

Want a lower mortgage payment? Want a lower interest rate? Got an FHA mortgage? Property value an issue? FHA Streamline Refinance is the answer. Read More

Well it really isn’t the last day for case numbers, but after this weekend, any new case numbers for FHA loans will have a 2.25% Up Front Mortgage Insurance Premium instead of the current 1.75%. This is a substantial amount when talking about a $200,000 loan in Lane County, that is an additional $1,000 cost of getting the loan. Read More

All new FHA Home Loan case numbers assigned on or after April 5, 2010 will have an increased Up Front Mortgage Insurance Premium (UFMIP). The increase will be from the current 1.75% to 2.25%. On a $200,000 loan in the Eugene/Springfield Oregon area, this is an additional $1,000 cost. By beating this deadline on a purchase you will also qualify for the First Time Home Buyer Tax Credit if eligible. Read More

Saturday I posted information about the FHA Good Neighbor Next Door (GNND) program and how you could purchase a home in Portland Oregon and only pay half of the offered price. Today, I am starting a series (this is part 1) that will answer several frequently asked questions (FAQ) about the GNND program. Here is the link to the currently offered properties. Read More