What is the downside of a FHA loan? A major drawback of FHA loans is the high cost of FHA mortgage insurance, which must be paid for the entire life of the loan if you pay a minimum of 3.5% deposit. FHA county loan limits also reduce your … [Continue reading] about How long does it take to get approved for FHA loan?
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What property Cannot be financed with a VA loan?
Why are VA loans bad? Lower interest rates on VA loans are deceptive. Both will end up costing you much more interest over the life of the loan than their 15-year counterparts. In addition, you are more likely to get a lower interest rate on a … [Continue reading] about What property Cannot be financed with a VA loan?
Do FHA loans get denied?
How much is a payment on a $200 000 house? On a $ 200,000, 30-year mortgage with a fixed interest rate of 4%, your monthly payment will be $ 954.83 - not including taxes or insurance. But these can vary greatly depending on your insurance policy, … [Continue reading] about Do FHA loans get denied?
How long do you have to live in a VA loan House?
The landlord wants to repay the house, move out, and rent it out to others who have made their own choice using the V Streamline Refinance loan, which does not require you to take the house as your residence, but only requires you to state legally. … [Continue reading] about How long do you have to live in a VA loan House?
Why do Realtors hate FHA loans?
Why would FHA not approve a home? Home Loan Limits That cost too much cannot qualify for an FHA loan. HUD sets loan limits each year, which vary by area and number of units. The FHA can only insure an amount up to this limit. A high-end homeowner, … [Continue reading] about Why do Realtors hate FHA loans?