FHA loan

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 [...]

2014 FHA Loan Limits

December 10th, 2013

2014 FHA Loan Limits are going to drop tremendously in the Baltimore real estate area. The Baltimore area includes Baltimore County, Baltimore City, and Harford County. There are other areas included per the HUD.gov site. In 2013, FHA loan limits for Baltimore County homes has been $560,000. In 2014, Baltimore County FHA loan limits are [...]

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