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The AmeriFirst Home Buyer Learning Center

BREAKING NEWS: HUD Suspends Recent FHA Mortgage Insurance Premium Cut

Posted by Dan Moyle on Fri, Jan 20, 2017

Just moments after the Presidential change occurred today in Washington, D.C., the Department of Housing and Urban Development (HUD) suspended the recent action taken by the Obama administration to reduce FHA mortgage insurance premiums. The planned cut is no longer.

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Topics: housing market trends, FHA Loans

Newlyweds Have a New Bridal Registry with FHA

Posted by Dan Moyle on Sun, Jan 1, 2017

Getting married in Michigan?

Saying "I do" in Indiana?

Ready for nuptials in North Carolina?

If you’re taking the plunge, you can add another option to your "bridal registry" choices. No longer do you have to only go to Bed, Bath & Beyond or Sears to pick out gift ideas. You have a completely unique option: FHA. No, that doesn’t mean you take the bar code scanner and pick out houses (although that could be fun!). Instead, you sign up to receive cash gifts which will fund your FHA home loan down payment. Any gift donations your family and friends give you will go directly into an interest-bearing savings account. Then you can use it as part of the 3.5% down payment on an FHA home mortgage loan.

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Topics: first time home owner, first time home buyer, homeowner information, FHA Loans

With the 203k Loan Home Buyers Can Overbid on a HUD Owned Home

Posted by Dan Moyle on Thu, Apr 24, 2014

 

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Topics: foreclosure, FHA 203k, video, FHA Loans

3 Mortgage Options for First Time Home Buyers Today

Posted by Dan Moyle on Thu, Oct 3, 2013

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Topics: first time home owner, USDA Rural Development, first time home buyer, mortgage loan options, HomePath, FHA Loans

USDA Rural Development Loan vs FHA Loan

Posted by Dan Moyle on Mon, Sep 23, 2013

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Topics: USDA Rural Development, mortgage loan options, FHA Loans

Housing Market News: FHA Premium Increases to Stop

Posted by Dan Moyle on Wed, May 1, 2013

Good news for the housing market and home buyers has recently come to light. FHA, the insurer of mortgages across the country, won't increase premiums anymore. Basically, the housing market crash of 2009 dried up the FHA reserves and it needed to fill them back up. It's kind of like a homeowners insurance company after a natural disaster like a hurricane or tornado. The companies pay out on claims, then raise rates to recover the funds. The same thing happened with FHA, and it has raised mortgage insurance premiums over the last 2 years.

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Topics: housing market trends, AmeriFirst Newsroom, FHA Loans

The Rise or Fall of FHA in Today's Housing Market

Posted by Dan Moyle on Wed, Mar 13, 2013

There's a lot of housing market news in the media today that centers on Fannie Mae and Freddie Mac, and the government's response to the housing crisis of the mid-2000's. In fact, AmeriFirst has already answered the question "Are Freddie Mac and Fannie Mae profitable?" In essence, yes they are. 

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Topics: housing market trends, Presidents Platform, video, FHA Loans

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Down payment and terms shown are for informational purposes only and are not intended as an advertisement or commitment to lend.  Please contact us for an exact quote and for more information on fees and terms.  Not all borrowers will qualify.
 
AmeriFirst Home Mortgage is a division of AmeriFirst Financial Corporation. 950 Trade Centre Way Suite 400 Kalamazoo, MI 269.324.4240 Equal housing lender
 

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Download your Yearly Home Maintenance Checklist!

Taking care of a home takes work and organization. While we can't do the work for you, hopefully this checklist helps you stay organized. Download your printable version below!

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Download the Home Maintenance Checklist