Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Ask the Expert: Why FHA is still an attractive alternative

Notify me of new replies via email
Mortgage Professional America | 23 Jun 2014, 08:05 AM Agree 0
Industry expert Dave Hershman talks about why FHA mortgages are still attractive in spite of rising insurance rates
  • William Matz | | 23 Jun 2014, 04:05 PM Agree 0
    Another big advantage, FHA is one of the few remaining categories of assumable mortgages.
  • Jason Nolan | | 23 Jun 2014, 05:54 PM Agree 0
    620-680 is still the wheelhouse for FHA mortgages. Conventional MI premiums at those lower scores are not significantly better than FHA, and once you consider that the rate on an FHA mortgage at those scores is minimally .25 to .375 better, the effect of the higher MI premium is usually completely offset. Don't forget the ability to exclude student mortgage debt is a HUGE reason to consider FHA, too.
Post a reply