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Speaking strictly in a “what if” mentality and not taking a side, one way or the other, this post is intended to give you some expert opinions on what happens if on August 2nd, no deal has been struck in Congress over the debt ceiling. Just like the FAA has furloughed almost 4,000 due to [...]
Posts Tagged ‘FHA’
Featured in A Recent Washington Examiner Post on FHA Financing
February 28th, 2011 
Laura Last week the Washington Examiner did a post called “FHA sends potential buyers through hoops to get financing for condos.” If you’ve read any of my recent blog posts on FHA Financing, you know i’m not a fan of their constant regulation changes, so it’s no surprise i’m quoted in this article: Laura J. Rubinchuk, [...]
FHA Introduces Increase In Annual Mortgage Insurance Premiums, Again
February 16th, 2011 Laura One year ago in April, FHA increased the upfront mortgage insurance premium from 1.75% to 2.25%. Then in October, they reduced it back down to 1%. In just 2 months, we’ll see the Annual Mortgage Insurance Premium go up 25 basis points (a .25% increase). This means your MONTHLY payments will go UP effective April [...]
Posted in Arlington, First-Time Buyers 
Tags: buying, FHA, fha financing, First-Time Buyers 
No Comments »FHA Loans About To Get More Expensive: First Time Home Buyers Take Caution
September 2nd, 2010 Laura FHA loans are Government backed loans, provided by the Federal Housing Administration (FHA), so they’re easier programs to qualify for when buying a house/condo/townhouse. To use an FHA loan to buy a property, you need a minimum credit score of 620, a minimum down-payment of 3.5% (for now), and you can qualify for one just [...]
Lowest Down-Payment Ever at 3.5% Soon to be Non-Existent?
August 10th, 2010 Laura My guess? We’ll probably see the end of the FHA’s minimum down-payment program of 3.5% soon. Based on things i’ve been reading and tightening lending restrictions, I think they’re running of out money to loan! Reports say 21.1% of FHA mortgages underwritten in 2007, 17.3% from 2008, and 4.9% from 2009 are under the category [...]
Posted in Arlington, Keller Williams Realty Tags: buying, FHA, lending, mortgage questions 1 Comment »
