Down Payment Assistance Options: National Homebuyers Fund, Inc® for 100% or 102% Financing
The National Homebuyers Fund (NHF) serves to provide down payment assistance to both returning and first time homebuyers. It’s one of the few down payment assistance programs available that does not have a first time homebuyer or income limitation stipulation! I...Down Payment Assistance Options — Today’s Highlight: Zero Money Down FHA Loan
An FHA loan is a government-insured loan that allows as little as 3.5% down payment. Besides allowing little money down, its other advantages when compared to a Conventional loan is that it typically carries lower interest rates, it is more forgiving with lower credit...Breaking News! FHA is Decreasing Their Annual Mortgage Insurance Rates by .25%
UPDATE: THE REDUCTION IN FHA’S MORTGAGE RATES HAS BEEN SUSPENDED INDEFINITELY. In this rising interest rate environment, FHA will be passing along a little reprieve to home buyers and home owners that are securing financing through FHA. The annual insurance...FHA’s Mortgage Insurance Premiums to Reduce by .5%
FHA’s Mortgage Insurance premiums are set to reduce by .5% on January 26, 2015. The current insurance premium rate is 1.35%, so it will reduce to .85%. On a $500,000 loan amount (typical for the Bay Area), this translates to a savings of $208.33/month. Wow! Prior to...Highlights and Features of FHA Financing
Although FHA (government-insured) loans are more expensive than Conventional, there are many reasons why homeowners and homebuyers go this route of financing. The most common is for its minimal down payment requirement, but there are other reasons. See below for a...Loan Calculator
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