• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

FHA News Alert: 2014 Loan Limits

FHA News Alert: 2014 Loan Limits Mortgagee Letter 13-43 announces the loan limits for 2014 and is effective for case numbers assigned on or after January 1st, 2014. >Here’s what you need to know about these changes: 1. The national floor limit of 271,050 remains unchanged. 2. The national ceiling limit is reduced from 729,750 to 625,500. 3. The limits for FHA streamline refinances without appraisals remain unchanged. 4. Areas at the ceiling and above: Attachment

Read more »

News Alert: FHA makes it easier to qualify with past credit issues

With Mortgagee Letters 2013-24, 25, & 26, the policy change in several areas of derogatory credit makes it easier for borrowers to qualify. Here’s what you need to know about these changes: Information From the HUD Website: http://www.ChristianPenner.com/FHA-Drastically-Reduces-Waiting-Times/ Effective for case numbers assigned on or after August 15, 2013 through September 30, 2016 1. For Purchase Money Loans only (excluding the HECM). Borrowers that experienced an Economic Event (a decrease of income by 20%

Read more »

FHA Changes Manual Underwriting Guides

  Mortgagee Letter 2013-05 revises the guides for manually underwritten loans where the borrower has a credit score below 620 and the total debt-to-income ratio exceeds 43%. Here are the 4 things you need to know about this update: 1. These changes are effective for case numbers assigned on or after April 1, 2013. 2. Manual underwriting is required for loans with a credit score less than 620 AND a debt-to-income ratio greater than

Read more »

FHA Changes Mortgage Insurance Premiums

FHA Changes Mortgage Insurance Premiums Mortgagee Letter 2012-04 announces changes to all standard single family forward mortgages.  This ML makes official the announcements made via recent HUD press releases.   Here are the 5 Things You Need to Know About These Changes: 1. Effective April 9th, 2012, Annual MIP will increase for all standard FHA loans < $625,000. 2. Effective June 11th, 2012, Annual MIP will increase for all standard FHA loans > $625,000. 3. Loans with a 15

Read more »
 
Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
Real Time Web Analytics