August 2009
1 post
Does FHA Finance *True* Town Homes?
A common question about purchasing a town home with an FHA mortgage - home loan.
Many towns and cities today have true “town homes” where the building is mixed use. This particular home in downtown Smyrna, Georgia even has a little tomato garden on the upper deck and a shop on the ground floor. FHA has the solution for these properties up to the county limit. So what’s...
April 2009
2 posts
Do I Qualify For an FHA Streamline?
Ask yourself 2 questions:
Do I have a job that will continue into the indefinite future?
Am I current with my mortgage payments?
If you answered yes to those two questions it is highly possible you qualify for an FHA streamline refinance. Of course you must have an existing FHA home loan, too.
This type of refinance was developed about 25 years ago when interest rates were coming down out of...
FHA Streamline Underwriting Times
FHA Streamline underwriting turn times are back up to about 8 business days due to the massive volume in applications with these lower FHA streamline mortgage rates.
You can always call for an update to underwriting times. Rates can be locked with a preliminary underwriting decision.
March 2009
2 posts
Georgia FHA Streamline Closing Times
Georgia FHA Streamline Refinance closing times are down to about 6 days from application to clear to close. This can vary from 4 days up to about 8 days (these are business days not calendar days).We do still have an FHA streamline option requiring no credit check unlike most other lenders. You MUST be employed, living in the home, have had an FHA loan for at least 6 months and be current with...
FHA Streamline Rates are Down 3/19/09
In Georgia and Florida the FHA streamline refinance rates are down as much as 1/2 of a point over yesterday’s rates. Qualification for existing FHA streamline refinance in Georgia and Florida is pretty straight forward.