In a recent press release, HUD has announced several changes coming soon to FHA mortgages. FHA mortgages are popular with home buyers because they allow for lower down payments (currently as low as 3.5%) and FHA mortgages tend to be more flexible with credit scoring and debt-to-income ratios. Another reason why home buyers may lean [...]
About Rhonda Porter
Rhonda Porter is an NMLS Licensed Mortgage Originator MLO121324 for homes located in Washington state. Her blog, The Mortgage Porter, is nationally recognized for sharing relevant information to consumers about mortgages. She has been originating mortgages since 2000 at Mortgage Master Service Corporation (NMLS #40445).
You can follow Rhonda on Twitter @mortgageporter, Facebook and/or Google+
2013 Mortgage Loan Limits for King County
January 5, 2013 by 8 Comments
The 2013 mortgage loan limits for the greater Seattle area are for the most part, the same as 2012. The following loan limits apply for homes located in King, Snohomish or Pierce Counties. Conforming: 1 Unit: $506,000 2 Unit: $647,750 3 Unit: $783,000 4 Unit: $973,100 FHA: 1 Unit: $567,500 2 Unit: $726,500 3 Unit: [...]
Yours truly will have a painting at Bumbershoot
August 23, 2012 by 7 Comments
I’m very honored to have been included in this years Seattle Bumbershoot. I recently started painting earlier this year for a hobby. I had (have) no expectations where my paintings may take me – it’s all just for fun. What is especially fun is to be asked to participate in this year’s Bumbershoot festival at [...]
Calling a Piece of Junk Mail
June 25, 2012 by 20 Comments
I just published about junk mail that I received on my blog… but it doesn’t even compare to the piece of garbage we re
FHA Mortgage Insurance Premiums Increased for Most and Reduced for Few Streamlined Refi’s
April 28, 2012 by 2 Comments
Earlier this month, FHA mortgage insurance premiums (both annual and upfront) were dramatically increased for purchases
No Fooling: FHA MI going up again April 1
February 29, 2012 by 54 Comments
HUD has announced that effective on FHA case numbers obtained on or after April 1, 2012, FHA mortgage insurance premiums
Mortgage Tech Summit is Next Week!
February 2, 2012 by Leave a Comment
Last year, I had the privilege to attend and participate in the first Mortgage Tech Summit in Denver. Next week, on Feb
Lenders Jacking the Cost to Extend Locks
January 31, 2012 by 20 Comments
A lock extension is what is required when a loan does not close in the time frame as arranged with the original lock. Lo
Are Buyers Getting Ripped Off with REO Escrow Fees?
December 14, 2011 by 46 Comments
. Recently I’ve closed a couple of REO transactions lately where I’ve been dismayed at what the escrow companies are cha
Higher FHA Loan Limits retro to November 18, 2011
December 5, 2011 by 20 Comments
This morning HUD (finally) updated their website with the restored high balance loan limits. In King, Pierce and Snohom
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