Category Archives: Mortgage Guidelines

FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers

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FHA MIP scheduleThe FHA is making more changes to its flagship FHA Streamline Refinance program.

Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group’s new, costly mortgage insurance premium schedule. Continue reading →

FHA To Raise Mortgage Insurance Premiums April 1, 2012

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Beginning April 1, 2012, the FHA is once again raising mortgage insurance premiums (MIP) on its newly insured borrowers throughout Sacramento and the country.

It’s the FHA’s fourth such increase in the last two years. Continue reading →

Are You Upside Down on Your Mortgage? HELP is coming!

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This is a big deal — especially today. Mortgage rates are at an all-time low and millions of U.S. homeowners have been unable to take advantage. HARP aims to change that.

The government’s new, revamped HARP program is 6 weeks from release. Homeowners in California and nationwide are gearing up to refinance. Email me at dtharp@comstockmortgage and get on my First Call Reservation List. Continue reading →