Baltimore FHA

FHA Mortgages Allow for Downpayment to be a Gift

February 7th, 2017

FHA mortgages allow for the full downpayment to be a gift. Currently, FHA mortgages require a 3.5% downpayment from a buyer, in addition to local closing costs, including transfer taxes, mortgage costs, title company and local charges, and possibly other closing costs. What many FHA homebuyers may not know is that the 3.5% downpayment can be [...]

FHA Back To Work Program

August 18th, 2013

The FHA Back to Work - Extenuating Circumstances Program is in effect as of August 15, 2013. What is the FHA Back To Work - Extenuating Circumstances Program? It is a program for potential mortgage applicants who have gone through a financial hardship due to either unemployment or large reduction in income. The FHA Back [...]

FHA Mortgage Insurance Premiums to Rise April 1, 2012

February 28th, 2012

FHA mortgages are very popular in the Baltimore real estate market. For not much money down, Baltimore homebuyers can get into the home of their dreams, and use any reserves they have to decorate or buy furniture. The amount that may be in reserves is going to lessen by a significant amount on April 1, [...]