Get A 10K Mortgage Discount On Your New Oceanside Home

Get A 10K Mortgage Discount On Your New Oceanside Home

Thinking about buying an Oceanside home with an FHA loan? Soon you could save an average of $325 per month on your mortgage insurance premium or $10,000 over the life of your loan.

The Federal Housing Administration (FHA) has announced that under the HAWK program, borrowers who take housing counseling courses before signing the contract to buy a home and again before closing, could earn discounts on their upfront mortgage insurance cost as well as a reduction in their annual premium. Additional discounts would also be earned after two years without delinquent payments.

The idea behind the HAWK program is that the more borrowers understand about homeownership, the less likely they are to make decisions that could lead to defaulting on their loans.

If you are planning on buying a new home in Oceanside, the $10,000 discount over the life of your mortgage may not seem like a lot but could actually mean the difference between qualifying and not qualifying for your home loan.

The FHA said borrowers should be able to start applying for the HAWK program by the end of 2014. Find FHA approved homes in Oceanside by clicking HERE.





Rebecca Team Conley Headshot
Author:
Phone: 858-342-9953
Dated: June 28th 2014
Views: 1,376
About Rebecca: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Selling Your House Dont Do These 4 Things - Selling Your House? Don't Do These
A Proven Formula For Buying Rental Properties I Sean Hamers Realtor 6193099640 - A Proven Formula For Buying Rental
WHAT IS MY HOME REALLY WORTH - MOST ACCURATE HOME VALUE MODEL
Whether You Rent Or Buy Either Way Youre Paying A Mortgage - There are some people who have not

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Solutions Real Estate
2055 Corte Del Nogal
Carlsbad, CA
760-437-5866