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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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FHA mortgage rates
has anyone been approved for an FHA loan recently? Can you please tell me what rate you got?
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Posted 9/17/13 8:56 AM  |
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Kitten1929
LIF Adult
Member since 1/13 6040 total posts
Name:
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FHA mortgage rates
We closed prior to the FHA change regarding PMI. We closed at 3.5%.
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| Posted 9/17/13 9:02 AM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: FHA mortgage rates
Posted by Kitten1929
We closed prior to the FHA change regarding PMI. We closed at 3.5%.
wow thats low! when was that?
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| Posted 9/17/13 9:07 AM |
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Pomegranate5
LIF Adult
Member since 2/11 4798 total posts
Name:
Pomegranate5
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Re: FHA mortgage rates
I also closed at 3.5% but it was a year ago and the rates have jumped up quite a bit since then.
Wells Fargo's website is saying 4.375% for a 30y fixed. I don't think the rates vary all that much from bank to bank.
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| Posted 9/17/13 9:13 AM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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FHA mortgage rates
5 months ago we did FHA at 3.25%
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| Posted 9/17/13 9:55 AM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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FHA mortgage rates
4% with Wells Fargo
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| Posted 9/17/13 10:50 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: FHA mortgage rates
last I heard they are 4.75%
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| Posted 9/17/13 11:02 AM |
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Kitten1929
LIF Adult
Member since 1/13 6040 total posts
Name:
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Re: FHA mortgage rates
Posted by IansMommy23
Posted by Kitten1929
We closed prior to the FHA change regarding PMI. We closed at 3.5%.
wow thats low! when was that?
April.
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| Posted 9/17/13 2:54 PM |
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FHA mortgage rates
We got 3.25 mid May
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| Posted 9/17/13 8:14 PM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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FHA mortgage rates
Bil just locked in yesterday at 4.75
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| Posted 9/18/13 7:55 AM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: FHA mortgage rates
Posted by BabyBoy
5 months ago we did FHA at 3.25%
Same
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| Posted 9/18/13 9:14 AM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: FHA mortgage rates
ugh...kills me that i jumped so much in 5 months!
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| Posted 9/18/13 9:16 AM |
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MrsG823
Just call me Mommy.
Member since 1/11 5570 total posts
Name:
S
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FHA mortgage rates
Our is 4% and we went to closing in April.
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| Posted 9/18/13 2:30 PM |
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ModDot
PUMPKIN ALL THE THINGS
Member since 8/11 2196 total posts
Name:
Trissy
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FHA mortgage rates
We closed end of February and our rates were 3.75% I believe. We also only have to pay PMI for 5 years (we were told that this was changing soon after we closed, but not sure if it took hold yet)
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| Posted 9/18/13 2:38 PM |
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Re: FHA mortgage rates
Posted by ModDot
We closed end of February and our rates were 3.75% I believe. We also only have to pay PMI for 5 years (we were told that this was changing soon after we closed, but not sure if it took hold yet)
Yes, the new rules have taken effect. Under the old rules, you can apply to have the pmi removed after 5 years, but you need to establish you have 22% equity in the house.
Under the new rules, the pmi stays for the life of the loan, regardless of equity -- unless, as mentioned in another thread, the owners can refinance with a conventional loan. That's really the only way to get rid of the pmi under the new FHA rules.
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| Posted 9/18/13 4:01 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: FHA mortgage rates
oy...so depressed i didn't buy a house 5 months ago!
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| Posted 9/18/13 4:18 PM |
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