Comments for FHA Choice Appraisals http://fhacam.com Your FHA Choice Appraisal Management Sources Mon, 06 Sep 2010 16:29:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on How do I calculate PMI mortgage insurance on an FHA loan? by Pengy http://fhacam.com/how-do-i-calculate-pmi-mortgage-insurance-on-an-fha-loan/comment-page-1/#comment-113 Pengy Mon, 06 Sep 2010 16:29:30 +0000 http://fhacam.com/how-do-i-calculate-pmi-mortgage-insurance-on-an-fha-loan/#comment-113 0 down is gone with the winds depending on your credit you will need 3-5% down 0 down is gone with the winds depending on your credit you will need 3-5% down

]]> Comment on How do I calculate PMI mortgage insurance on an FHA loan? by Shanky http://fhacam.com/how-do-i-calculate-pmi-mortgage-insurance-on-an-fha-loan/comment-page-1/#comment-112 Shanky Mon, 06 Sep 2010 15:51:19 +0000 http://fhacam.com/how-do-i-calculate-pmi-mortgage-insurance-on-an-fha-loan/#comment-112 Hi On FHA loan, Mortgage Insurance is charged as against PMI which is charged on conventional mortgage. On an FHA loan the borrower will be charged a mortgage insurance premium equal to 1.50% of the purchase price of the property and a renewal premium of .500% in subsequent years. Hope this helps! Hi

On FHA loan, Mortgage Insurance is charged as against PMI which is charged on conventional mortgage.

On an FHA loan the borrower will be charged a mortgage insurance premium equal to 1.50% of the purchase price of the property and a renewal premium of .500% in subsequent years.

Hope this helps!

]]> Comment on How do I calculate PMI mortgage insurance on an FHA loan? by mel http://fhacam.com/how-do-i-calculate-pmi-mortgage-insurance-on-an-fha-loan/comment-page-1/#comment-111 mel Mon, 06 Sep 2010 15:22:10 +0000 http://fhacam.com/how-do-i-calculate-pmi-mortgage-insurance-on-an-fha-loan/#comment-111 you have to have 10% down or you pay pmi. you have to have 10% down or you pay pmi.

]]> Comment on FhA loan Requirements for a non finish Bathroom? by Landlord http://fhacam.com/fha-loan-requirements-for-a-non-finish-bathroom/comment-page-1/#comment-110 Landlord Sat, 04 Sep 2010 15:38:25 +0000 http://fhacam.com/fha-loan-requirements-for-a-non-finish-bathroom/#comment-110 FHA will not approve the loan, you have to go conventional. FHA will not approve the loan, you have to go conventional.

]]> Comment on FhA loan Requirements for a non finish Bathroom? by A D http://fhacam.com/fha-loan-requirements-for-a-non-finish-bathroom/comment-page-1/#comment-109 A D Sat, 04 Sep 2010 15:28:05 +0000 http://fhacam.com/fha-loan-requirements-for-a-non-finish-bathroom/#comment-109 I recently attended a cont. ed class about the "new" FHA loan requirements. It used to be that there were pretty strict requirements regarding the condition of the house to qualify for FHA loan. Many of these restrictions have been eased along with FHA "non-allowables". It is possible that 1 fully functional bathroom is okay. Just how non-functional is the other bathroom? Best advice is for you to contact a local lender who does FHA loans (most do) and ask the question. I recently attended a cont. ed class about the “new” FHA loan requirements.

It used to be that there were pretty strict requirements regarding the condition of the house to qualify for FHA loan. Many of these restrictions have been eased along with FHA “non-allowables”.

It is possible that 1 fully functional bathroom is okay. Just how non-functional is the other bathroom?

Best advice is for you to contact a local lender who does FHA loans (most do) and ask the question.

]]> Comment on FhA loan Requirements for a non finish Bathroom? by annazzz1966 http://fhacam.com/fha-loan-requirements-for-a-non-finish-bathroom/comment-page-1/#comment-108 annazzz1966 Sat, 04 Sep 2010 15:24:51 +0000 http://fhacam.com/fha-loan-requirements-for-a-non-finish-bathroom/#comment-108 It's my understanding that you'll need a certificate of completion if the home was appraised while under construction and the underwriter conditions for it. All plumbing must function and not leak. It’s my understanding that you’ll need a certificate of completion if the home was appraised while under construction and the underwriter conditions for it. All plumbing must function and not leak.

]]> Comment on How low do you think the FHA rates will go? by doreen k http://fhacam.com/how-low-do-you-think-the-fha-rates-will-go/comment-page-1/#comment-107 doreen k Thu, 02 Sep 2010 01:13:36 +0000 http://fhacam.com/how-low-do-you-think-the-fha-rates-will-go/#comment-107 FHA doesn't set the rates. They only guarantee the loan. Rates are likely to be higher in the future. If you are qualified and you plan to be in your home for at least seven years, you might consider buying or refinancing now. FHA doesn’t set the rates. They only guarantee the loan.

Rates are likely to be higher in the future. If you are qualified and you plan to be in your home for at least seven years, you might consider buying or refinancing now.

]]> Comment on How low do you think the FHA rates will go? by golferwhoworks http://fhacam.com/how-low-do-you-think-the-fha-rates-will-go/comment-page-1/#comment-106 golferwhoworks Thu, 02 Sep 2010 00:14:19 +0000 http://fhacam.com/how-low-do-you-think-the-fha-rates-will-go/#comment-106 don't know since they change daily as the bonds market changes don’t know since they change daily as the bonds market changes

]]> Comment on What is the interest rate on a FHA loan? by Michael http://fhacam.com/what-is-the-interest-rate-on-a-fha-loan/comment-page-1/#comment-105 Michael Wed, 01 Sep 2010 05:38:18 +0000 http://fhacam.com/what-is-the-interest-rate-on-a-fha-loan/#comment-105 Tricky. Mortgage interest rates can change hourly, so what you may be able to get at 12pm may change at 2pm because of something going on with the economy. If you check out bankrate.com it you can find rates but once it again it may not be accurate. the other thing is if you get a rate tomorrow and wait 2 weeks to lock it in the rate will be different. Tricky. Mortgage interest rates can change hourly, so what you may be able to get at 12pm may change at 2pm because of something going on with the economy. If you check out bankrate.com it you can find rates but once it again it may not be accurate.

the other thing is if you get a rate tomorrow and wait 2 weeks to lock it in the rate will be different.

]]> Comment on Why are the FHA interest rates are going up. Please somebody help me figure this out.? by Hank http://fhacam.com/why-are-the-fha-interest-rates-are-going-up-please-somebody-help-me-figure-this-out/comment-page-1/#comment-104 Hank Sun, 22 Aug 2010 12:40:03 +0000 http://fhacam.com/why-are-the-fha-interest-rates-are-going-up-please-somebody-help-me-figure-this-out/#comment-104 Mortgage rates (especially the 30-year fixed) are closely tied to the yields of 10 year Treasury notes. Mortgage rates (especially the 30-year fixed) are closely tied to the yields of 10 year Treasury notes.

]]>