ARCHIVED BLOG POSTS
HUD has cut the mortgage insurance rates for FHA loans. With 3.5% down, the current annual rate is 1.35%. As of January 26, 2015, that rate will go to .85%. What a great savings of .5% for home buyers! On the average $175,000 purchase, that is a savings of $71.60 PER MONTH! This bold move wi...
I am SO excited to tell you about this new low down payment home loan! We are one of very few lenders in our area to roll out this new Fannie Mae loan program which features only 3% down. This is a great product which is a huge alternative to FHA loans which have the really high mortgage insura...