The Federal Housing Administration (FHA) is extending its 90-day “anti-flipping” rules through 2014. This action is excellent news for single-family investors, buyers and rehabbers who are seeking low-interest mortgages with a low down-payment. By extending this rule FHA hopes to increase, “the availability of affordable homes for first-time and other purchasers, helping stabilize real estate [...]
Posted in Buyer Tips Also tagged flipping rule
Recent announcements by FHA will have impacts on our spring time (and beyond) buyers. The rules mean more money down and higher payments, here’s the scoop: Beginning April 1, 2010 the Upfront MIP is increasing from 1.75 to 2.25. (MIP is the Mortgage Insurance Premium that all buyers using an FHA loan get to pay, [...]
The FHA published its 2010 loan limits. There’s no change from 2009.
Here’s a parody of what it is like to purchase a bank owned home in today’s market. Sad but true the conversation is very realistic. Best enjoyed with a Cabernet or perhaps a nice stout beer. Unfortunately there’s so much truth to this it makes me want to cry.
As government tries to grapple with the economic crises the FHA loan limits have changes 3 times in recent months. Once they were decreased and twice they were increased. At the present time the FHA Mortgage Limits in Denver are at $406,250 and the new 1-family limit for Boulder County is $460,000. Limits are higher [...]