Archive for June, 2008

New FHA Risk Based Mortgage Insurance (MIP and UFMIP)

Monday, June 16th, 2008

HUD Announced the much awaited changes to the FHA Mortgage Insurance Premiums (MIP) and Up-Front Mortgage Insurance Premiums (UFMIP) based on LTV and Credit Score.  With all the talk about FHA doing what it can to help home-buyers I find this to have strange timing.  This will definitely put a lot more cash into the […]

FHA Manufactured Home One Time Close Construction Permenant

Monday, June 2nd, 2008

In my opinion the FHA Manufactured Home One Time Close Construction Permanent Loan is one of the most difficult transactions to put together.  It layers all of the most complex loan types imaginable you have a Construction To Permanent Loan combined with an FHA loan and then mix in Manufactured Home as the property type and […]