Currently viewing the tag: "FHA vs Conventional"

FHA Mortgage Calculator

On August 20, 2010 By

Powerful FHA Interest Rate Calculations

This calculator allows you to run FHA vs. Conventional comparisons over a set period of time.  This accounts for the different up-front expenses in various different types of loans.

As always, private mortgage insurance varies from lender to lender and their choice of mortgage insurer.  These values are illustrative.  For [...]

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Changes to FHA Home Loan Approval Rules

On January 21, 2010 By

Securing an FHA mortgage is about to get more expensive.

The FHA announced Wednesday that it is making a few policy changes to reduce their overall risk.

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FHA Interest Rates Back to 5%

On December 16, 2009 By

It’s been an interesting week for the FHA loan rates.

We’ve had every piece of bad news that mortgages could hear:

The economy is rebounding.  We’re seeing expansion in nearly every key metric. Housing is on a roll.  This also has negative signals for the FHA interest rates. Inflation is starting to creep up.  Inflation [...]

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FHA Interest Rates Almost 2 Points Lower

On November 30, 2009 By

It’s been an incredible month for the Government loan programs.

Today, we’re looking at the 4.75% 30 Year Fixed Rate.

On October 16th, the discount points required to buy the loan down to 4.75% was 1.82%.

As of today, it’s…..0.000%.

This is a staggering 182 basis point run in just 45 days.  On an average [...]

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FHA vs Conventional – Up-front Costs

On November 28, 2009 By

Both the 30 Year Fixed Conventional and FHA loan rates dropped even lower this week.  These rates are now pressing against some of the best rates of all time, set almost exactly one year ago.

FHA vs. Conventional

We’re going to look at another comparison.  We’ll focus on a 700 FICO score, 5% down payment, [...]

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FHA vs. Conventional 700 & 680 FICO

On November 17, 2009 By

The FHA Loan Rates continue to trade within just a narrow margin relative to conforming.  With credit scores driving the conventional mortgage rate and the associated PMI, here’s a comparison of how the FHA vs. Conventional dynamic changes based on credit score.

Today’s example uses a $300,000 home at 5% down.  The FHA mortgage rate [...]

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FHA vs Conventional Revisited

On November 2, 2009 By

This was a bummer. It was way back in August that I posted the last FHA vs Conventional comparison for a buyer with 5% down and a good, but not perfect, FICO score at 700.

I sat down yesterday to run the numbers again. It was November 1. The last post was August [...]

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