What is annual MIP in regards to an FHA mortgage? Annual MIP = annual Mortgage Insurance Premium. The annual MIP is the portion of mortgage insurance that is paid as a monthly payment. This is … [Read more...]
Flower Mound FHA Mortgage Insurance
Does FHA Mortgage Insurance Go Away? That is the question! Flower Mound and Frisco FHA home buyers and refinance prospects have many times wondered about this topic. To answer that straight out, … [Read more...]
Which Loan Program Is Best For Me
North Texas home buyers often wonder, how do I know which loan is just right for me. Are you fishing for the right loan?There are so many options, there is no lack of wonder, why first time buyers or … [Read more...]
FHA Mortgage Basics and Everything You Need to Know
The FHA loan program was created to help increase home ownership. This mortgage program makes qualifying for, buying, and refinancing a home easier and less expensive compared to other home loan … [Read more...]
FHA Seller Contribution and Seller Paid Closing Costs
How much seller contribution is allowed on the FHA loan, and how do you calculate it? FHA mortgages allow the seller to contribute 6% of the sale price, toward closings cost for the borrower. This … [Read more...]
Frisco Texas Dallas County FHA Loan Limits
FHA Loan Limits in Frisco are very similar to the rest of Texas. The DFW surrounding area all fall under the same amounts. The official FHA site for loan limits in your area. To view my … [Read more...]
FHA Monthly MIP or Mortgage Insurance Goes Away
Working within the Frisco area, a common question with home owners that currently have an FHA loan, and prospective home owners trying to decide between an FHA or Conventional loan, "when does … [Read more...]
Down Payment Assistance Frisco and Denton County
The mortgage crisis has changed and made mortgage guidelines more strict for all home buyers in America, but First Time Homebuyers in American cities like Frisco, McKinney, Prosper, The Colony, and … [Read more...]
McKinney Home Buyer Happy FHA Case Number Stayed With the Property
In the hussling and bussling Real Estate market we see here in the North Dallas, Frisco, Plano, and McKinney cities of Collin County, we see every scenario that a Real Estate purchase transaction can … [Read more...]
FHA Changing Seller Concessions from 6% to 3%
In case you are wondering, FHA has still not put their foot down on the decision, and as of today, 5/18/2010, you still get 6%. My last post on this talked about some of the other changes that were … [Read more...]
