FHA Loans and a Government Shutdown

FHA Government Shutdown

Will the Government Shutdown Affect Your FHA Loan? If you are currently in the process of an FHA loan to purchase or refinance, then probably the last thing on your mind is how a government shutdown will affect it.  Well, if a government shutdown is to happen it could possibly put the brakes on your…

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FHA Mortgage Insurance: April Fool Prank or Not

What do you think of when April 1st comes around?  Pranks would be the guess for most people but for the Federal Housing Administration (FHA) it’s time to increase the amount of their mortgage insurance premium which will affect all forward mortgages and that is no fooling.   What is changing?An increase to the annual…

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Property Brother’s – How to Turn Your Property Dreams into Reality

If you’ve ever tuned into the HGTV show Property Brothers featuring twins Jonathan and Drew Scott, you will have seen some amazing transformations take place. Jonathon and Drew help people to locate, buy and transform dilapidated properties or extreme ‘fixer-uppers’ into their dream homes. There will always be a certain percentage of people who want…

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Buying an old House vs. A New House

Trying to decide whether to buy a New or Old home? Here are some things to consider If you’re one of the many people across the country looking to buy a house at the moment, you’re on the verge of making one of the most important financial decisions of your life. You have two choices…

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Got Mold? The FHA 203K Loan Can Help!

The 203k Loan can help keep your home mold free

As a soon to be or current homeowner, mold in a property is something you might come across or have concerns about and for good reason.  Other than mold creating an unpleasant visual sight in your home, which frequently is around windowsills and doorframes, it also can be less visible in areas such as the…

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Upgrade Appliances With The FHA 203k

Upgrade Your Appliances with the FHA 203k

Does your home need new appliances?  Whether you are purchasing or refinancing your property with an FHA 203k loan don’t forget that brand new appliances can be included along with other improvements.  Refrigerators, ovens, stoves, dishwashers and more whether free standing or built in, stainless steal or not your choice, your style. If that sounds…

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FHA Loan Limits – Current & Updated

fha 203k loan limits

With  FHA Loan Limits changing from time to time, many of you may be wondering what the limits are currently.  We at 203k Mortgage Lender have you covered as we have two ways to check the latest loan limits: 1) From the HUD website where you can find the current loan limits by entering the County…

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FHA 203k Construction Loans

203k constructoin loans

FHA 203k Construction Loans…well not exactly. Some might think that a 203k loan is a construction loan but actually it isn’t.  Although a 203k can be used for remodeling, renovations and repairs there is a difference between this FHA loan and a construction loan. The main difference is that construction loans can be used to…

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Homepath Renovation Mortgage Financing and the FHA 203k Loan

Home Path

  Have you ever driven past a home with a sign that says “Fannie Mae Homepath”?  If so, and if you’re in the market to buy a home then this could be another option for you to add to your property search.  So, what is a Homepath property?  It’s a property which is currently owned…

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Hud Homes

Hud Homes

HUD Homes and the FHA 203k Loan   What is a HUD Home? Are you interested or wondered what HUD homes are and how to finance them?  Well, just like properties which are purchased with conventional loans, properties purchased with FHA insured financing also at times go into foreclosure.  When that happens those properties are…

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