Qualified Home Loans


FHA Loans

For as long as I can remember, FHA loans have played second fiddle to Conventional loans. Conventional loans offer lower mortgage insurance rates, mortgage insurance that gets removed, looser work history and documentation requirements, no funding fee, and less strict property conditions. Clients with solid credit (740+) got a better loan both in the short-term …

FHA Loans Read More »

Lower Monthly Mortgage Insurance Premiums

FHA loans will become more desirable and affordable. The US Department of Housing and Urban Development (HUD) announced today that it would provide lower monthly mortgage insurance premiums on Federal Housing Administration (FHA) loans. This move is aimed at helping more Americans achieve homeownership by making it more affordable. Why FHA FHA loans are popular …

Lower Monthly Mortgage Insurance Premiums Read More »

Using a Temporary Buydown to Lower Housing Payments

Mortgage lenders are bringing back a loan program called a 2-1 buydown or temporary buydown. These programs have been around for a while but only get dusted off when rates have recently increased. The buydown is a way to lower interest rates and buyers’ mortgage payments for the short term. The seller or builder typically …

Using a Temporary Buydown to Lower Housing Payments Read More »