FHA

FHA Streamline Refinance just got much, much cheaper (for some)

June 8, 2012

HUD has announced a change to the FHA Streamline program that will make refinancing an FHA Mortgage in Pennsylvania and the rest of the country much cheaper for many homeowners. Essentially, HUD is drastically reducing the amount of Mortgage Insurance required for qualified FHA Streamline Refinances. FHA has always had two types of mortgage insurance [...]

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Maximum FHA Loan Amounts in Pennsylvania Reinstated to Higher Limits Again

January 16, 2012

The maximum FHA loan amounts for Pennsylvania mortgages have changed again.  Previously these maximum loan amounts had reset back to the lower pre-2008 maximum loan amounts after the time limit on the temporary increase had expired.  Pressure from the housing industry and the home buying public helped push a reinstatement through Congress and the Oval [...]

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A Mortgage Program That Can Also Reduce Your Energy Bills

March 14, 2011

This winter has been particularly cold in Pennsylvania.  Homes with older windows, inadequate insulation and improper air sealing have a hard time keeping out the winter chill.  High utility bills can also cost homeowners quite a bit as they try to keep their home warm.  Is there a possible solution to reduce these bills and improve the [...]

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Is Old Man Winter Holding Up Your FHA Closing?

December 27, 2010

FHA appraisal policies have always dictated that certain exterior repairs (peeling paint, faulty handrails, broken porch step, etc) be completed before the mortgage can close.  Sometimes completing some of these minor repairs can be near impossible if the weather will not cooperate.  Peeling or chipped paint is a common FHA exterior repair.  When the appraiser [...]

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