Cole Taylor Mortgage

Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year. Some FHA mortgage applicants will pay lower mortgage insurance premiums go......

Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today. Beginning next week, the Federal Housing Administration (FHA) is chan......

The FHA is making more changes to its flagship FHA Streamline Refinance program. Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mo......

Beginning April 1, 2012, the FHA is once again raising mortgage insurance premiums (MIP) on its newly-insured borrowers throughout Chicago and the country. It’s the FHA’s fourth su......

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. ......

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......

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......

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......

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 ......

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 ......