FHA mortgage insurance premium

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, [...]

FHA Mortgage Insurance Premium To Rise April 18, 2011

March 1st, 2011

The FHA annual mortgage insurance premium is set to rise by .25% for any loan case numbers assigned after April 18, 2011. Bob Mowrey, from Corridor Mortgage Group, let me know just what this could mean to FHA buyers. On average, he says, this would mean that buyers will pay an extra $30/month. For a [...]

Why the Housing Market Bottom May Be Here

March 1st, 2011

Many buyers and sellers are trying to time their sale or purchase based on whether they feel house prices may have hit the bottom or if they will fall further. According to a recent USNews Money report, the housing market bottom may already be here. Why? Some areas show homes are undervalued, and increases in [...]

Does HUD Owe You a Refund?

August 29th, 2010

Does HUD owe you a refund? If you had an FHA-insured mortgage after September 1, 1983 and meet certain qualifications (including no refinance), then possibly! Here are the eligibility requirements from their website: Who may be eligible for an FHA refund or share? Premium Refund: You may be eligible for a refund of a portion [...]

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