Tag Archives: FHA

Maximum FHA Loan Limits Restored To $729,750

2011/11/22 Mortgage Guidelines No comments
After a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law last Friday, maximum FHA loan limits are — once again — as high as $729,750. ......

Separating FHA Fact From Fiction : Mortgage Insurance Premiums

2010/02/10 FHA Mortgages No comments
The mortgage lending landscape changes a lot.  Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Chicago that aren’t paying in cash. The loa......

Spring 2010 FHA Guidelines Make Borrowing Tougher And More Expensive

2010/01/21 FHA Mortgages No comments
Securing an FHA mortgage in IL is about to get more expensive. In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The sh......

Mortgage Scenario for January 14, 2010

2010/01/14 Adjustable Rate Mortgages, FHA Mortgages, Mortgage Scenarios No comments
3.875% (APR 4.172%), FHA 5-Year ARM, $386,000 loan amount, 96.5% Loan-To-Value, Purchase, Single Family Home, 680 FICO, 1 Origination Point This is a pretty standard FHA purchase scenario where......

Mortgage Scenario for January 8, 2010

2010/01/08 Mortgage Scenarios No comments
4.00% (APR 3.807%), FHA 5-Year ARM, $$241,250 loan amount, 96.5% Loan-To-Value, Purchase, Single Family Home, 680 FICO This is a pretty standard FHA purchase scenario where the borrower has an ......

2010 FHA Loan Limits Released

2010/01/08 FHA Mortgages No comments
FHA home loans are federal assistance mortgages made by lenders, and backed by the government. The FHA doesn’t make loans to IL homeowners — it insures loans made to homeowners by ......

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