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Buying a Condo with an FHA Loan

Buying a Condo with an FHA Loan

FHA announced about a week ago that things will be changing regarding the way loans are approved on condo purchases. This news is kind of a big deal for anyone who is dealing with condos out there, such as my Realtor friends…

Read More September 11, 2019
FHA Announces Electronic Appraisal Delivery Portal

FHA Announces Electronic Appraisal Delivery Portal

The Federal Housing Administration recently announced Mortgagee Letter 2015-08, which is an Electronic Appraisal Delivery Portal for FHA-Insured Single Family Mortgages. The letter provides information about the portal and its mandatory use with FHA case numbers assigned on and after June 27,…

Read More April 9, 2015
FHA to Cut Mortgage Insurance Premiums

FHA to Cut Mortgage Insurance Premiums

There is some very positive news for lower-income buyers as President Barack Obama has made plans to cut mortgage-insurance premiums which are charged by a government agency. According to Julian Castro, secretary of the Department of Housing and Urban Development, the annual…

Read More January 15, 2015
FHA Loan Limits Increase for 2015

FHA Loan Limits Increase for 2015

Last week, the Federal Housing Administration (FHA) announced its news schedule of loan limits for 2015. These loan limits will be effective for case numbers assigned on or after January 1, 2015, and will remain in effect for one calendar year. According…

Read More December 11, 2014
Revision of FHA Policies Concerning MIP

Revision of FHA Policies Concerning MIP

The U.S. Department of Housing and Urban Development just published Mortgagee Letter (ML) 2013-14 which centers on the revision of Federal Housing Administration (FHA) policies concerning cancellation of the annual Mortgage Insurance Premium (MIP) and increase to the annual MIP. The purpose…

Read More February 21, 2013
Proposed Changes with FHA in 2013

Proposed Changes with FHA in 2013

The Federal Housing Administration is proposing some changes to its program rules that might impact or affect some loan applicants in 2013. These are designed improve revenue flows to the agency and cut back on losses.  Although none of these appear to…

Read More December 4, 2012
Energy Efficient Mortgages and Rehab Loans Make Lending “Greener”

Energy Efficient Mortgages and Rehab Loans Make Lending “Greener”

When you think of green businesses, the mortgage business probably isn’t the first to come to mind.  It’s more likely that a huge pile of paper comes to mind.  These days there is a disclosure, another piece of paper, for every imaginable…

Read More March 1, 2012
Free Public Outreach Class for Struggling Homeowners to Be Held May 21, 2011

Free Public Outreach Class for Struggling Homeowners to Be Held May 21, 2011

For homeowners in the San Diego and Temecula areas of Southern California, this free seminar is being held on May 21, 2011. The HELP Program has partnered with the local community to hold a free public outreach class in Temecula on May…

Read More May 12, 2011
FHA Rehab Mortgages in Temecula

FHA Rehab Mortgages in Temecula

Think rehab loans aren’t available in today’s lending market?  Think again.  With so many bank owned properties and distressed short sales on the real estate market today in Temecula and the greater Southern CA region, the FHA 203K program might be the…

Read More March 17, 2011

Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
http://www.nmlsconsumeraccess.org/entitydetails.aspx/COMPANY/237653
For questions or concerns please email info@franklinlc.com