Bill MacDonald
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Interest rates tend to be lower for VA loans. Compare the 15-year VA mortgage rates today!
The upfront FHA funding fee is 1.75% of the base mortgage plus the monthly mortgage cost which is based on down payment/equity, loan amount & mortgage term
FHA streamline refinance program has two streamline options. The non-credit qualifying & credit qualifying mortgage. No appraisal is required for streamlines
Below you will find the 2021 “base” FHA loan limits for PA. FHA loans that exceed the maximum loan limits are called jumbo FHA loans.
The amendatory clause is required for an FHA loan to protect the buyer against a low appraisal. The amendatory clause also determines the maximum loan amount.
There are three categories of refinance loans; Interest Rate Reduction Refinancing Loans (IRRRL), TYPE I Cash-Out Refinance and TYPE II Cash-Out Refinance
