Category Archives: FHA

FHA Home Loan Limits in Illinois

Posted on March 25, 2018 by Aaron Gitler

FHA (Federal Housing Authority) loans on single and multi-unit properties are designed for borrowers who are unable to make large down payments. Instead of the traditional 20% down payment required by banks, FHA loans only require a 3.5% down payment … Continue reading →

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I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

Posted on October 31, 2011 by Aaron Gitler

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading →

Posted in a and n mortgage, Chicago, commercial loan, conventional mortgage, credit history, down payment, FHA, fixed rate loan, lending, MIP, pmi, PMI premiums, refinance | Comments Off on I have been receiving a lot of questions about FHA Mortgage Insurance Premium, Here are Some Answers

The Importance of Customer Service and Referrals in the Mortgage Business

Posted on October 28, 2011 by Neena Vlamis

Sr. Mortgage Consultant Mike McNamara   Illinois Residential Mortgage Licensee #MB.0006638 FL#MLD288 IN#11122 IA#2006-0064 MA#MC5413 MI#FL0012625 WI #19291BA NMLS# 19291 Copyright 2011 anmtg.com All rights Reserved. Privacy Policy

Posted in a and n mortgage, Chicago, customer service, FHA, lending, Loans, mike mcnamara, referrals, refinance | Comments Off on The Importance of Customer Service and Referrals in the Mortgage Business

FHA: Fewer Home Approvals

Posted on October 27, 2011 by Aaron Gitler

The Federal Housing Administration suffered a 27% drop in market share from fiscal 2010 numbers. Department of Housing and Urban Development numbers show that while FHA refinance volume has increased by 9% since August, the 12% drag on purchase production … Continue reading →

Posted in a and n mortgage, Chicago, condominium, FHA, FHA Loan, Home approvals, housing, Loans, refinance | Comments Off on FHA: Fewer Home Approvals

The FHA Mortgage Insurance Premium

Posted on October 17, 2011 by Neena Vlamis

FHA mortgage insurance is similar to the private mortgage insurance (PMI) required for conventional mortgages with down payments below 20%, but key differences exist: Up-front Fees: 1% up-front fee due at closing. Rate: For fixed rate loans, there is an … Continue reading →

Posted in a and n mortgage, FHA, FHA Loan, FHA Mortgage Premium, MIP, Mortgage banker, pmi | Comments Off on The FHA Mortgage Insurance Premium