Statistics show that most home buyers in the state of Washington use some form of mortgage insurance, either through the FHA or private insurance companies. Which brings up a very important question. How long are homeowners required to pay for mortgage insurance in Washington? And does it ever go away?'
If you buy a home in the state of Washington using an FHA loan, you will most likely be required to sign an FHA amendatory clause. The seller will have to sign it as well. This clause is sometimes written directly into the purchase agreement or real estate contract. Other times, it might be attached as an addendum to the contract. But in either case, it serves the same purpose.'
If you are applying for an FHA loan to buy a house, your debt-to-income ratio will be assessed. According to data, the average DTI has been increasing among borrowers. This article will explain more. '
Millennials in Washington State and across the country have been choosing conventional home loans more than FHA-insured mortgage loans. This article will explain why. '
It can be tough to come up with a sizable down payment for a home in Oregon, especially when considering the cost of buying real estate. In this article, we’ll explain how an Oregon FHA loan could lower your down payment obligations.'
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