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FHA and VA Refinance Options

FHA Streamline Refinance What it is: The FHA Streamline Refinance is a mortgage refinance option offered through the Federal Housing Administration (FHA). It's designed for homeowners who already have an FHA loan and want to refinance to a lower interest rate with less paperwork and fewer requirements. Key Features: Redu...
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Hometown Heroes Gets $36 Million More in Funding

The Florida workforce housing program offers buyers down payments up to $35K for full-time Fla. workers who earn less than 150% of their area’s median income.   The Florida Housing Finance Corporation (Florida Housing) announced that the Hometown Heroes down payment assistance program will reopen thanks to $36 million in ad...
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The Ins and Outs of Temporary Buydowns: A Guide for Homebuyers

When it comes to securing a mortgage, the myriad of options available to borrowers can be overwhelming. One often overlooked tool in the mortgage toolbox is the "temporary buydown." While this financing option may not be as common as fixed-rate or adjustable-rate mortgages, it can be an excellent choice for certain borrowers....
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Federal Housing Administration announces significant decrease in mortgage insurance premium for certain FHA-insured mortgages (2)

Useful Tips What is an escrow account? A mortgage escrow account, also known as an escrow impound account, is a financial arrangement established by a lender to hold funds on behalf of a borrower to pay certain expenses related to the mortgage loan. It is a separate account that is typically managed by the m...
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