Archive for the ‘FHA Mortgages’ Category

(Note: This article was written by Mark Madsen and associate of mine and published on My Fha Mortgage Blog last month. I felt the information was valuable to my readers so I have re-published here for your information.) Read More

Read More

Starting with any new FHA case number assigned on or after April 5, 2010, the up front mortgage insurance premium (UFMIP) for all FHA loans in Oregon (except for Senior Reverse Mortgages) will increase from 1.75% to 2.25%. That means that on a purchase in Eugene with a $200,000 loan amount, the increased UFMIP will be $1,000. Read More

I have often written about the benefits of an FHA loan and will continue to do so, but this post will take a different tact. This time, I want to talk about the benefits of a conventional loan (non government) with mortgage insurance for your purchase in Eugene/Springfield. Read More

The Home Buyer Tax Credit will be ending shortly. The Eugene/Springfield, Lane County, Oregon real estate market has been benefited by the extension of the First Time Home Buyer Tax Credit and expansion to the “move-up” home buyers. Those tax credits are available to qualified buyers on accepted offers only until April 30 on purchases that close on or before June 30, 2010. Read More

Those that follow my blog know that I have written several times about the trials and tribulations of having a Taylor Bean & Whitaker loan at the time that HUD came in and closed them down. The last post had to do with Form 1098s and how to get them on your mortgage but I have recently found out that the information given by TBW on their website and from Bank of America are wrong. WRONG! WRONG! WRONG! Read More