Mortgage insurance, which is usually applied to any home purchased with a low down payment, is one way that the FHA helps to manage the risks of the housing market. Recently, new FHA regulations for mortgage insurance rates and premiums went into effect. Alex Margulis, one of PERL’s top mortgage advisors, helps explain the basics of mortgage insurance and how the new regulations will affect the future state of the housing market.

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New homebuyers might be perplexed about the qualifications and criteria that are used to determine a minimum down payment. Top PERL loan officer Barry Schwartz and fellow PERL mortgage specialist Jennifer Gerard help unravel the mysteries of money down.

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All about FHA Guidelines: Over the past couple of years, changes in the mortgage lending industry have limited some loan programs carrying options for borrowers to obtain financing with little money down. These days, one of the best avenues for potential buyers to obtain financing with as little as 3.5% down is through the Federal Housing Administration, or FHA. But if you’re buying a condo with an FHA loan, your new condo needs to adhere to FHA guidelines. Leland Maniloff, Underwriting Manager at PERL Mortgage, discusses FHA guidelines in the third of a three-part series about FHA financing.

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All about FHA Approvals: In order to open-up more homebuying opportunities to potential buyers looking to bring as little as 3.5% down to the closing table, many developers, real estate agents and financial institutions work to ensure that condo buildings and developments are FHA approved. Leland Maniloff, Underwriting Manager at PERL Mortgage, discusses the FHA approvals in the second of a three-part series about FHA financing.

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All about FHA: In 1934, the Federal Housing Administration was created as part of the National Housing Act to improve housing standards and conditions. Today, the acronym FHA means much more to those in the mortgage business looking to approve borrowers for loans with low money down. Leland Maniloff, Underwriting Manager at PERL Mortgage, discusses the history of the FHA in the first in a three-part series about FHA financing.

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