Tag: Condo Mortgage
FHA Reduces Mortgage Insurance Premium – January 2017
Effective January 27, 2017 FHA is reducing its mortgage insurance premium rate saving buyers hundreds of dollars annually. Though, it’ll provide a negligible benefit for Seattle condo buyers.
Condos Becoming Elusive for FHA Buyers
The effect of FHA’s 2010 condo approval and recertification changes are leaving condo buyers with fewer options as associations overlook or neglect FHA certification.
Mortgage Help Day – October 2, 2010
Mortgage Help Day connects homeowners facing foreclosure with their lenders and HUD-certified counselors to help remedy their situation.
Seattle condos gain FHA approval
FHA condo approvals are on the rise. Over 60 Seattle condos gained approval this year alone…so far.
FHA Announces New Changes
FHA, today, proposed significant changes to its program in order to reduce its risk, which will increase costs for borrowers.
FHA condo guideline changes
Effective December 7, 2009 November 2, 2009, FHA will introduce changes to its condominium approval process and eligibility guidelines.
Fannie Mae revises condo guidelines
Effective March 1, 2009, Fannie Mae is implementing condo guideline changes “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain conventional condo loans for new and established condos
Condo investors…an endangered species?
New mortgage fees and restrictions may hinder investment condo opportunities.
