FHA Hikes up UFMIP and MIP Rates Despite the Obama administration’s calling for lower refinancing fees, the FHA has announced it will be raising Upfront Mortgage Insurance Premium (UFMIP) and annual Mortgage Insurance Premium (MIP) rates on new home purchases. Starting April 1st, 2012, those looking to purchase a home will find premium rates higher [...]

Exclusive House Building Advantages from the FHA If you haven’t had a sparkling financial history, house building is still possible. Government-backed loans for house building and construction allow more families than ever to consider the exciting prospect of a custom home. FHA loans allow for: ✓3.5% down ✓Lower monthly payments ✓Lower credit requirements ✓Easier qualification [...]

Empty Houses All Over the Sunshine State According to the most recent census, Florida has shown a massive increase in the number of vacant and empty houses. Florida ranks third in the nation among states with the most vacant homes, and Orlando was ranked by a Forbes study as the most vacant city in the [...]

Greening House I’m sure I don’t need to explain why it’s important to save money. Similarly, I’m sure I don’t need to stress the importance of energy efficiency from an environmental perspective; a decreasing Antarctica, stranded polar bears, and $4+ gallons of gasoline speak to that pretty well already. If you’re a homeowner, chances are [...]

2011 Brings Changes to Important FHA Guidelines First off, let’s make sure we know what FHA loans and guidelines are. The Federal Housing Administration (FHA) provides residential mortgages which are insured by the FHA and guaranteed by the U.S. Government to help individuals purchase a home. FHA loans are known for being the primary loans [...]