Trump Suspends FHA Premium Rate Cut

[aldermanparklover]

FHA should go away - it's unfairly influencing a market to the detriment of all, including those it maintains it's helping.

We used FHA and were ultimately forced to in order to buy a house after our first 4 attempts had failed through no fault of our own but were already $$$ committed to the out of state home buying process. I suspect if the government weren't involved with the process (including excessive regulation) we would have been living in the first house we were under contract with at a much lower rate via the conventional loan we were doing.

[aldermanparklover]

What private loan was available to you?

there were a bunch. when we started the process we went through a broker who had like 60+ products available and we limited that number down to the companies offering the best rates and terms. I think we were looking at 3.45-3.65% for 30yr fixed w/ 5%-20% down? up to $250,000 conventional - I'd have to look through the old paperwork to give actual rates we were locked into beginning of 2016 year