Tag Archives: FHA

Miami Home Loan Asks, Do You Have a FHA Buyer Looking for a Condo?

Miami Home loan, and Element Funding, direct HUD Approved lending mortgage bank, found an interesting story in The South Florida Realtor this month.  Jim Carter, senior loan officer, reports onthe subject,  “Do you have a FHA approved condo buyer; but … Continue reading

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FHA New Maximum Loan Limits – Presented by Miami Home Loan

Miami Home loan, and Element Funding, direct lending mortgage bank, learned HUD announced the new mortgage loan limits.  Jim Carter, loan officer, reports on the changes. New  FHA loan limits are effective for case numbers assigned on or after January … Continue reading

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UPDATE: FHA Home Loan Mortgage Insurance Changes

Increased Monthly MIP Miami Home Loan and Element Funding staff has verified a monthly increase in FHA mortgage Insurance. All FHA mortgage case numbers assigned on or after April 1, 2013 will have an increased monthly rate (MIP) from 1.25% … Continue reading

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Miami Home Loan Discusses FHA DTI Revisions

FHA Debt-To-Income (DTI) requirements have changed, and Miami Home Loan staff outlined these changes for you in this note.  Please call me, James Carter with any questions at Element Funding, at 305-525-6742.  We will get you or your buyer qualified, … Continue reading

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Revised FHA New Credit Requirements Date

Save Money on Your Miami Home Loan Miami Home Loan staff was forwarded  part of the email our operations department received from HUD concerning the collection and dispute policies.  They have delayed the implementation of this until July 1, 2012!!!   … Continue reading

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Miami Home Loan Reminds of the MIP Increases Effective 04/09/12

This is a reminder from Miami Home Loan that you have to have all FHA Case numbers ordered no later than Friday, 4/6/12 in order to be eligible for the lower MIP.  Remember, you have to have an application and property … Continue reading

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Miami Home Loan Announces FHA Loan Limits To Increase

Miami Home Loan wants to notify you that the President has signed the Appropriations Bill that provides ongoing funding for the government.  Included in this bill is the reinstatement of the higher FHA loans limits that expired earlier this year.  According to our … Continue reading

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