Comments on: FHA Mortgage Insurance Rates Now Risk Based

By: What You Get for the Money ($75,000 to $90,000)

What You Get for the Money ($75,000 to $90,000) — Mon, 05 Jan 2009 01:44:49 +0000

[...] First time buyers often combine an FHA loan with a Down Payment Assistance program. These allow the seller to contribute to the buyer’s down payment. You can read all about options for first time and cash-poor buyers here: http://northphoenixagent.wordpress.com/category/first-time-homebuyer/ and get some up to the minute advice on FHA loan program changes at The Arizona Mortgage Guru’s bl…. [...]

By: Real Estate Road Signs - “Buy A House for $500 Down”

Real Estate Road Signs - “Buy A House for $500 Down” — Tue, 30 Dec 2008 21:08:41 +0000

[...] FHA Mortgage Insurance Rates Now Higher If Your Credit is Bad (AZ Mortgage Guru) [...]

By: Tom

Tom — Tue, 02 Dec 2008 21:52:40 +0000

I think these new rules are great. being an investor of properties, I like to see a tighter structure for financing, but still allows bad credit scores to qualify. At least there is an option now

By: Changes to FHA Loans - What It Means For Tucson Homebuyers | Loans

Changes to FHA Loans - What It Means For Tucson Homebuyers | Loans — Mon, 15 Sep 2008 16:58:24 +0000

[...] friend Shailesh is a lender up in the Phoenix area and has a good explanation of the new FHA guidelines, as well as more information on how first time buyers can get a reduction in the amount of up-front [...]

By: Changes to FHA Loans - What It Means For Tucson Homebuyers | Sell Tucson Real Estate

Sat, 13 Sep 2008 17:50:05 +0000

By: Changes to FHA Loans - What It Means For Tucson Homebuyers | Buy Tucson Real Estate

Mon, 01 Sep 2008 03:28:55 +0000

By: Arizona Mortgage Guru » Summary of Recent Changes in the FHA Loan Program

Arizona Mortgage Guru » Summary of Recent Changes in the FHA Loan Program — Sat, 16 Aug 2008 22:25:42 +0000

[...] of the Upfront Mortgage Insurance Premium: HUD had recently made the FHA Upfront mortgage insurance risk-based. Meaning you paid more if you had worse credit. Now with the new bill H.R. 3221, there is a one [...]

By: Arizona Mortgage Guru » How to Take Advantage of the Mortgage Rescue Bill

Arizona Mortgage Guru » How to Take Advantage of the Mortgage Rescue Bill — Thu, 31 Jul 2008 22:31:10 +0000

[...] mortgage such as prepayment penalties. Additionally, the old lender is being asked to pay the FHA up-front mortgage insurance premium of the principle balance (you can see why they will be very careful on who they approve). Once all [...]

By: Changes to FHA Loans - What It Means For Tucson Homebuyers : Colonia Allegre

Changes to FHA Loans - What It Means For Tucson Homebuyers : Colonia Allegre — Wed, 30 Jul 2008 16:06:21 +0000

By: Rousel Elaine

Rousel Elaine — Mon, 28 Jul 2008 19:07:35 +0000

Yup. The FHA Mortgage Insurance Rates should be risk based. Simple economic principle. The higher the probability the loans will default, higher interest should be paid. If we don't set higher rates to people with low credit, why would any body grant loans to these people. The real estate is in a bubble right now. Market prices are really low. Low demand for houses and real estate in the U.S., Europe and Canada. But market prices may not be equal to actual value since we just have low investor confidence right now. I suggest that people with investment capacity should invest in Toronto condos or in other low-price real estate right now.