Christopher M. George advocates on behalf of the consumer and the lender.
HomeFundIt streamlines down payment gifting to help first-time home buyers.
Every time you shop you save with UpIt by HomeFundIt.
Executive Vice President, Kimberly Callas, recognized as 2018 HousingWire Woman of Influence.
VP, Correspondent Operations, Joe Cabrall, awarded 2019 HousingWire Rising Star.
Founder, President, and CEO, Christopher M. George, honored as 2019 HousingWire Vanguard.
POST TAGSMortgage News Mortgage Insurance Refinance Market Updates First-Time Home Buyer Conventional Loan FHA Loan Purchase Home Design Selling Budget Financial Planning Loan Process Credit New Construction Home Maintenance Renovation Homeowners Insurance Investment Property VA Loan Down Payment Assistance Taxes All in One Loan Debt Management USDA Loan
HUD Holds FHA Premiums Steady, Home Buyers Still Win
Blog posted On April 06, 2021
Last week, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge announced that there would be no cuts to FHA mortgage insurance premiums (MIPs). Most of the housing industry had hoped for a 0.25% reduction, but for now the benchmark annual MIP rate will remain at 0.85%.READ MORE
Removing Insurance from an FHA Loan
Blog posted On March 04, 2021
The FHA Loan is one of the most popular government-backed loans. With lower down payment options and less restrictive requirements than conventional loans, it’s an especially appealing program for home buyers like first-time buyers who may struggle to qualify for a conventional loan. If you decide to finance your home with an FHA Loan, you will be required to pay mandatory mortgage insurance.
Private Mortgage Insurance Explained
Blog posted On August 06, 2020
Although some home buyers believe it’s necessary to put down a 20% down payment when buying a home, rising home prices are making it more difficult for buyers to reach that savings goal. There are many low down payment loan programs available to make buying a home more accessible, especially for first-time home buyers. In addition to the familiar government programs like the FHA Loan for low income and first-time home buyers and the VA Loan for Veterans and active-duty military, that allow for low to no down payment, there are also conventional options like the Fannie Mae Home Ready and Freddie Mac Home Possible loans. In fact, the National Association of Realtors reported in 2017, 61% of first-time home buyers put down 6% or less on their home purchase.READ MORE
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