Conventional Loan Costs are Going Up but FHA Loan Cost are Coming Down!

Hello,
Are you buying a home soon or are you a Listing Agent that might be wary of accepting an FHA loan? Then you'll need to look over the content below because FHA is poised to take market share.
As a buyer, you need to rerun your numbers if you're looking for a home and considering using a Conventional loan because of all of the loan level price adjustments ( LLPAs ) that have been enacted on a Conventional loan. These are added costs & fees that FHFA (Federal Housing Finance Agency) has added and subtracted to potential homebuyers.
While Conventional loan costs are rising, FHA has just reduced some of their fees and costs ( specifically their Up Front Mortgage Insurance Premium UFMIP ) and its making an FHA loan MUCH MORE ATTRACTIVE for many buyers.
I've run some comparisons in the videos below to help you compare Conventional To FHA Loans with similar qualifications.
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Listing Agents ⚡️
If you are a Listing Agent, I've laid out ways to navigate FHA offers that could be less troublesome for you and your seller, especially regarding appraisal reports.
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Buyers Agent ⚡️
If you're a Buyer's Agent, I have some great information you can share to help your buyers create more affordable housing and regain some lost buying power using an FHA loan.
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If you missed my Blog Post on this important change, see the link -- https://www.godreamlender.com/02/23/2023/big-savings-for-fha-mortgage-borrowers-just-announced/ Its a quick and easy read and one in which you can easily share.

Reviews

"Brent and his team were very responsive whenever I had questions or concerns about the process, and really helped me to understand each step in the process."

erik l

"I recently had the pleasure of working with Brent from Neo Home Loans, and I cannot recommend him highly enough. From start to finish, Brent was highly communicative and extremely patient, walking me through all the details of the mortgage process and ensuring I felt confident. I knew he was the perfect fit after our first call because he truly cared to educate and help us make the best decision. Brent went above and beyond, even when we had to make a quick close offer over the weekend, which ultimately led to our offer getting accepted. Brent's professionalism, expertise, and unwavering support made our home-buying experience smooth and successful. His clear communication, dedication to helping us close on time, and support staff (Darlene) made a complex process really seamless. If you're looking for a mortgage lender who truly cares to see you succeed and educate you along the way, then I highly recommend Brent from Neo Home Loans. Thank you so much, Brent! We can’t wait to work with you again soon!"

ryan d

"I recently had the pleasure of working with Brent from Neo Home Loans, and I cannot recommend him highly enough. From start to finish, Brent was highly communicative and extremely patient, walking me through all the details of the mortgage process and ensuring I felt confident. I knew he was the perfect fit after our first call because he truly cared to educate and help us make the best decision. Brent went above and beyond, even when we had to make a quick close offer over the weekend, which ultimately led to our offer getting accepted. Brent's professionalism, expertise, and unwavering support made our home-buying experience smooth and successful. His clear communication, dedication to helping us close on time, and support staff (Darlene) made a complex process really seamless. If you're looking for a mortgage lender who truly cares to see you succeed and educate you along the way, then I highly recommend Brent from Neo Home Loans. Thank you so much, Brent! We can’t wait to work with you again soon!"

ryan doppelheuer