Currently viewing the tag: "First Time Home Buyer Programs"

We’ve had an odd couple of months with interest rates.  We’ve had widespread changes in FHA mortgage insurance, themselves keep changing, and we have a new set of loan-level price adjustments coming down in the conforming loan arena shortly. 

For the time-being, the most common [...]

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Mortgage Comparison Calculator

On August 20, 2010 By

table { border-collapse:collapse; border:0; } .post img, .post a img {background:none;border:0px solid #ff0000;} .inputbutton { text-align:center;} #contentleft ul li {margin:0px;} Compare Common Loans for First Time Home Buyers Common Comparisons 30 Yr. v. 20 Yr. Continue Reading

Compare Common Loans for First Time Home Buyers

This calculator allows for the comparison of two loans over a period of time.   It accounts for the trade-offs between mortgage rate and closing costs.  

FHA MIP will change from time to time, but is typically correct.  Conventional mortgage insurance, or PMI, varies from lender [...]

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Mortgage rates for common first time home buyer programs, including FHA and conventional loans, improved last week.

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Mortgage rates for most first time home buyer programs rose last week. This week, economic data will be at the forefront, as will the Federal Reserve which meets for one of its 8 scheduled meetings of the year.

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No change to Fed Funds Rate. That doesn’t directly relate to “no change” in rates for the first time home buyer programs, but the release was good news for mortgage rates.

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Most first time home buyer programs saw rates go a little higher last week. The economic calendar was almost empty and the markets drifted just slightly higher.

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Mortgage rates on nearly all first time home buyer programs improved last week.

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This is four weeks in a row where rates have improved for all of the most popular loans for first time home buyers.

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The state of Illinois recently revised some of their . These are great examples of what you’ll see from state-to-state.

The IHDA Home Start Loan is a 30 Year Fixed FHA loan with a pretty low rate. It’s 4.75% [...]

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