Tag: FHA Mortgage
FHA Revised Condo Guidelines – October 2019
![FHA Revised Condo Guidelines – October 2019 FHA Revised Condo Guidelines – October 2019](http://seattlecondosandlofts.com/wp-content/uploads/2019/08/FHA-October-2019-300x200.png)
FHA looks to make a comeback in the condo loan market by easing some of its guidelines.
FHA Reduces Mortgage Insurance Premium – January 2017
![FHA Reduces Mortgage Insurance Premium – January 2017 FHA Reduces Mortgage Insurance Premium – January 2017](http://seattlecondosandlofts.com/wp-content/uploads/2017/01/FHA-logo-630px-300x200.jpg)
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.
FHA to Reduce Annual Mortgage Insurance Premiums
![FHA to Reduce Annual Mortgage Insurance Premiums FHA to Reduce Annual Mortgage Insurance Premiums](http://seattlecondosandlofts.com/wp-content/uploads/2011/07/mortgage-300x200.jpg)
FHA to reduce the annual mortgage insurance premium as of January 26, 2015.
FHA Increases Insurance Premiums Again Effective April 9, 2012
![FHA Increases Insurance Premiums Again Effective April 9, 2012 FHA Increases Insurance Premiums Again Effective April 9, 2012](http://seattlecondosandlofts.com/wp-content/uploads/2012/02/fha_approved_condos-300x60.jpg)
Effective April 9, 2012 FHA will increase the upfront mortgage insurance premiums on FHA loans from 1.00% to 1.75%, raising the cost to borrowers.
Condos Becoming Elusive for FHA Buyers
![Condos Becoming Elusive for FHA Buyers Condos Becoming Elusive for FHA Buyers](http://seattlecondosandlofts.com/wp-content/uploads/2008/10/fha.jpg)
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.
Congress Reinstate Higher FHA Loan Limits
![Congress Reinstate Higher FHA Loan Limits Congress Reinstate Higher FHA Loan Limits](http://seattlecondosandlofts.com/wp-content/uploads/2008/10/fha.jpg)
On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…
FHA and Conforming Loan Limits Expected to Reduce
![FHA and Conforming Loan Limits Expected to Reduce FHA and Conforming Loan Limits Expected to Reduce](http://seattlecondosandlofts.com/wp-content/uploads/2011/07/mortgage-300x200.jpg)
The FHA and conforming loan limits are expected to reduce by $61,500 effective October 1, 2011.
Historic Mortgage Interest Rates
![Historic Mortgage Interest Rates Historic Mortgage Interest Rates](http://seattlecondosandlofts.com/wp-content/uploads/2011/04/right-arrow-sm-2.png)
Mortgage interest rates are at a year-to-date low, the lowest in 20 years. Plus, Wells Fargo offers a 3% down no mortgage insurance program.
FHA Mortgage Insurance Premium Increases
![FHA Mortgage Insurance Premium Increases FHA Mortgage Insurance Premium Increases](http://seattlecondosandlofts.com/wp-content/uploads/2011/03/fha-feature-300x200.jpg)
FHA’s monthly mortgage insurance premium rate will increase as of April 18, 2011 by 0.25%, which could increase monthly mortgage payments by as much as $100.
HOA Foreclosure and the FHA Squeeze
Linkage: Condo HOA’s foreclosure option for delinquent owners; FHA changes create resale challenges for condo sellers.