The California FHA Streamline refinance loan program is primarily designed to reduce the interest rate and payment for current FHA mortgage borrowers and simplify (streamline) the refinancing process using common sense qualifying guidelines. An FHA insured streamline refinance is easier to qualify for than a regular FHA loan. Streamline FHA Refinance – Key Features & [...]
About Brad Yzermans
Brad is a recognized local FHA, VA, USDA HARP Mortgage Expert helping people qualify to purchase, refinance into a better mortgage, and more importantly, understand ALL of their loan options...including down payment/closing cost assistance. Contact Brad with your scenario or question by email: brad@homeloanartist.com or direct: (951) 215-6119.
Compare CHDAP, Platinum, ACCESS Down Payment Assistance Programs – Which is Better?
Home buyer down payment assistance programs such as CalHFA’s CHDAP, CHF Platinum Grant, and the CHF ACCESS program are three of the most popular first time home buyer assistance programs in California. The CHDAP, Platinum, and ACCESS program all provide 3% assistance that can be applied towards meeting FHA’s 3.5% minimum down payment requirement. Sounds [...]

FHA Loans, Collections and Credit Disputes – May Delay or Cause Loan Denials
FHA announced a shocking change in their guidelines (Mtg. Letter 2012-3) for borrowers who have unsettled or unpaid collections and gave further guidance to FHA borrowers who have open unresolved disputes reporting on their credit report. This guideline change, for many borrowers, will make qualifying for a FHA loan in California more complicated, likely to [...]

Reduced FHA Streamline Refinance Mortgage Insurance Premium Fees – Finally!
FHA announced a big reduction in FHA Mortgage Insurance Premium fees on FHA Streamline refinances for California homeowners who acquired their FHA loan prior to June 1, 2009. This will significantly reduce the cost of an FHA streamline refinance and reduce the overall monthly payment for borrowers who qualify. The reduced FHA streamline mortgage insurance fee/premium’s [...]

FHA Increased Cost of Mortgage Insurance Premium in 2012 – Now What?
The Federal Housing Administration (FHA) announced they are increasing the cost of their Up Front Mortgage Insurance Premium (UFMIP) on FHA single family insured mortgage loans from 1.0% to 1.75%. FHA also announced the Annual (paid monthly) monthly insurance premium will increase from 1.15% to 1.25% for loans under $625,500 and up to 1.5% for [...]

When and How to Cancel FHA Monthly Mortgage Insurance (MIP)
If buying a home with an FHA loan, or if you have a FHA mortgage now, it’s important you understand WHEN you can get rid of or cancel the FHA monthly mortgage insurance premium (MIP) and then know HOW to cancel the FHA mortgage insurance. Fortunately, FHA mortgage insurance is not permanent…..so there is hope [...]

HARP 2 Interest Rates to Refinance a Mortgage in California
Current HARP 2 interest rates to refinance a mortgage in California today are very low. How low? Low low…..much lower than an the existing interest rate for someone who eligible for the HARP 2 refinance program. Common question: Are today’s HARP 2 interest rates the same as if someone is buying a home with a [...]
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© 2011 Inland Empire Direct Mortgage Lender
Brad is a licensed FHA, VA, USDA Mortgage Professional. CA DRE #01810137 - NMLS #315238.
First Priority Financial a Licensed Mortgage Broker & Direct Lender. CA DRE #00654852 - NMLS #3257







