Yearly Archives: 2015


January 8, 2015 WASHINGTON – As the country’s home market continues to improve, U.S. Housing and Urban Development Secretary Julian Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percentage. This action is projected to save more than […]

President Elect Barack Obama

Tearing Money

203(k) Rehabilitation Mortgage Insurance 2015

203(k) Rehabilitation Mortgage Insurance PowerSaver Pilot 203(k) Mortgage FHA’s PowerSaver Pilot 203(k) program will enable eligible homeowners access to low cost financing when energy saving upgrades are included by them using their do-it-yourself job. PowerSaver Pilot Lenders and Contacts Notice of Funding Availability (Shut 9/12/13) Streamlined 203(k) Mortgage The Streamlined […]

What’s an Adjustable Rate Mortgage (ARM)?

Unlike fixed rate mortgages with a rate of interest that remains the same for the life of the outstanding loan, the interest rate on an ARM will change occasionally. The initial interest rate of an ARM is lower than that of a fixed rate mortgage, hence, an ARM could be […]

Low Interest Loan

New Home Key Shows Moving To House

What Goes on Behind the Scenes Once Your FHA Loan is Approved?

Were you aware that in addition to all of the other rules regulating FHA home loans, there are regulations that govern what’s supposed to happen once your FHA loan is approved or denied? Those regulations are found in the FHA loan rules as published in HUD 4155.1. Section A instructs […]