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FHA Archives - Page 2 of 2 -
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cancel FHA mortgageinsurance

Is it Worth Refinancing a 30-year Fixed FHA @ 3.625% interest rate to a 4.3% conventional loan without PMI?

Let’s say you purchased a home in Mission Viejo, CA in the summer of 2013 for $659,000 and got a 30 year fixed FHA with a 3.625% interest rate. That sounds great so far but it was done using FHA which comes with PMI. The borrower only put down 3.5% and has to pay $677 every…

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FHA Loan Help for California Borrowers

In high cost areas such as Aliso Viejo, Laguna Hills, and Mission Viejo and all of Orange County, CA, FHA permits mortgage financing up to $625,500 to assist borrowers. Anyone considering purchasing a home or existing home owners planning to refinance can still benefit from  “decade low interest rates” and the extended eligibility in locations…

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