Tag Archives: Mortgage insurance

Brooklynites Looking To Buy Real Estate In Rural Upstate New York Should Research USDA Home Loans

  What is a USDA home loan? A USDA loan is a government insured purchase loan that is offered only in rural areas.  Under the terms of the program a person may borrow up to 100% of the appraised value … Continue reading

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FHA annual mortgage insurance premium (MIP) will increase effective April 18th 2011

In an effort to increase capital reserves and maintain the stability of the FHA; The   FHA will increase its annual MI premiums by .25% effective 4/18/2011 on all 15 and 30 year loans.  The upfront MIP will remain at … Continue reading

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