Nearly all home buyers who use an FHA loan in Washington State have to pay mortgage insurance premiums. Those premiums are required by the Federal Housing Administration and help to sustain the agency’s capital reserves. '
Recent data suggests that mortgage underwriting criteria in Washington State and nationwide have eased in recent years. This was true up until very recently. But the coronavirus pandemic may be putting a damper on mortgage eligibility. '
In a previous blog post, we noted how home prices in the Seattle-Tacoma-Bellevue metro area have risen at a much faster pace than household incomes. This trend could cause more and more Seattle-area home buyers to use down payment gifts…'
Summary: FHA loans are a popular mortgage option among home buyers in Washington State, and elsewhere across the country. They don’t compete with conventional loans, in terms of overall market share. But they do come in second. In this article,…'
A housing industry report published this year shed some light on a variety of home buying trends in Washington State and elsewhere across the country. '
Summary: Want to live in the Seattle area while reducing your monthly mortgage payments at the same time? Look to the suburbs. This article will explain why. A recent report by a team of housing analysts reinforces something we’ve known…'
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