Great News for FHA Home Buyers!

Starting on July 14th, 2008, mortgage insurance premiums will be based on a new risk-based pricing structure.1. Up front mortgage insurance will range from 1.00% to 2.25%. Until now the lowest cost has been 1.50%. This amount is added to the loan amount.2. Annual premiums will range from 0.00% to 0.55%. Until now the lowest had been 0.50%.3. The borrower's mortgage insurance factor will be based on the loan amortization period, loan to value and credit score. Approximately half of the borrowers will receive improved pricing. The better the credit score and/or the larger the down payment, the borrower's mortgage insurance will be less, saving the borrower money and reducing the monthly payment as well. Please note: Keven will process, underwrite, draw documents and fund FHA loans for you. It's your one stop lending source. Most competitors send their FHA loans to another city or even another state causing delays and lack of control. Keven's first FHA loan closed in 1975 and he received his underwriting approval from HUD in 1986. He has the experience to help you with your FHA financing needs. So for more information on contacting Kever and taking advantage of his years of honest experience, send me Deborah Shane an email or call me at: 949-218-2018 Email: CaCoastalProperties@gmail.com