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Great News for Corvallis and Albany, Oregon Home Buyers

Great News! Home Ownership in Corvallis and Albany just got more affordable. FHA announced this morning in mortgagee letter 2017-01 that they are dropping the monthly mortgage insurance premium.  The annualized rate was .85% and it will now be .60%, a reduction of .25%.  On a 250,000 FHA loan, … [Read more...]

Flood Insurance Set To Lapse (Again?)

Flood Insurance Program is about to lapse again... Does this make any sense at all? Congress periodically needs to reauthorize the National Flood Insurance Program and has not yet done so. If the program lapses, it will be the second time this year.  Lenders that are making "Federally Related … [Read more...]

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