We are purchasing a new home and the builder is upset we are applying for a FHA Mortgage. The contract was written that we would go conventional, however, FHA is a lower monthly payment, lower interest rate. They are telling me that I need to get a commitment for both types of mortgages – can [...]
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Posts Tagged ‘fha mortgage’
Can you apply for both a conventional and FHA mortgage at the same time?
By admin on Thursday, August 26th, 2010 | No Comments
How many properties can a borrower own when obtaining an FHA mortgage?
I know that only one FHA mortgage is allowed per person. But can that person own an investment property and get a refinance FHA on their primary?
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We are refinancing to a FHA mortgage, and I have heard that they do not require PMI insurance, is this true?
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