Separating FHA Fact From Fiction : Mortgage Insurance Premiums
The mortgage lending landscape changes a lot. Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Indianapolis that aren't paying in cash.
The loan you get today won't always be the loan you ...
Posted by Paula Henry on February 10, 2010 in Mortgage News and Info
New FHA Guidelines Will Make Loans More Costly
Securing an FHA mortgage is about to get more expensive when buying a home in indianapolis. In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce ...
Posted by Paula Henry on January 21, 2010 in Mortgage News and Info
Buying a HUD Home in Indianapolis
HUD Homes are a Good Value
HUD homes in Indianapolis generally represent a great value for the home buyer's. Since the inception of the $8000 tax credit for first time home buyers, HUD owned homes have literally been 'flying off the MLS ...
Posted by Paula Henry on October 7, 2009 in Buyer Resources
FHA Makes Homeownership More Affordable But Not Until October 1, 2008
Earlier this year -- and for the first time in its history -- the FHA changed its funding fees and mortgage insurance structure. Effective October 1, 2008, it's repealing those changes. Partly to keep FHA home loans affordable, and partly to ...
Posted by Paula Henry on September 24, 2008 in Mortgage News and Info
The End of the Road for Nehemiah
Many first time homebuyers throughout the years have used programs like AmeriDream and Nehemiah to assist in buying a home. With the tightening of lending practices throughout the country, it was just a matter of time before such programs would be ...
Posted by Paula Henry on October 2, 2007 in Mortgage News and Info