FHA Closing Cost Explained

Disclosure:  Mortgage policies and guidelines change frequently for all mortgage product; FHA/VA & Conventional. Always check with your lender of choice about their fees before jumping ahead.  When writing here we try to find the most current guidelines to give you the head-up you need. That does not mean that in the interim something could … Read more

Big Banks & Lenders Buying & Selling- Reluctant to Make FHA/VA

As of July 24th, news has it that big banks are shying away from FHA/VA loans.  They claim that these are weaker products with more claims than the conventional loans.  Is it true?  Yes, from an underwriter’s point of view; there could be something to that. Here is why: FHA and VA will take lower credit scores and … Read more