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UFMIP

FHA Loan Program Changes for 2009

by Justin McHood FHA Loans

Effective January 1, 2009 there are a few changes to the FHA loan program that are important to be aware of. According to HUD’s mortgagee letters 2008-40 and 2009-09, the following changes are happening: New FHA Loan Limits The FHA loan limit has decreased in Arizona,  here is a list of all FHA loan limits [...]

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How Do FHA Loans Work? MIP and UFMIP Explained

by Justin McHood FHA Loans

Lately, I have talked to quite a few people who open the conversation with something to the effect of “How Do FHA Loans Work?” I thought I would take some time to explain how FHA loans “work” in a series of posts and highlight some of the differences between FHA loans and other types of [...]

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