Mortgage Info for Homes and Small Business Financing

Category Archives: Loan Programs | Underwriting

Want Quicker Mortgage Approvals with Fewer Conditions? Use Pictures

A friend showed us pictures of her mom when she was a younger woman.  These portraits were brought into the hospital room where her mother was staying after a fall which required medical attention.  In doing this, my friend hoped the hospital staff would come to know and appreciate how special and vibrant her mom… Continue Reading

How the FHA Mortgage Insurance Premium cut will impact your monthly payment

If you were considering a new FHA loan you are in luck.  A half a percentage point reduction is expected to the current annual FHA mortgage insurance premium charge. FHA Mortgage Insurance Premium That is a 0.5 percentage-point drop in annual premiums, from 1.35% to 0.85%.   The White House estimates this will save nine… Continue Reading

A Complex Process Made Simple for the Borrower Homebuyer

Once, what was a simple and straightforward process has become a complex, regulatory nightmare even for professionals. New rules, new regulations and new compliance are all make closing a new mortgage more difficult. There’s even been some data collected that suggests it is making each transaction more expensive. Twenty years ago when MetFund was one… Continue Reading

FHA loan limits are reduced for 2014

Federal Housing Administration’s (FHA) Maximum Loan Limits Effective for Case Numbers Assigned on or after January 1, 2014 through December 31, 2014 have been reduced.  This became effective with Mortgagee Letter 2013-43 dated December 6, 2013. For most of the Washington, DC area, including Northern Virginia this effectively reduces the maximum loan from $729,750 to… Continue Reading

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