FHA recently changed their upfront mortgage insurance premium. This should NOT keep you from using the FHA program! The FHA changes will help protect the program from disappearing as many mortgage options have in recent times. Even with slightly higher premiums it only amounts to a 0.005% increase in the upfront mortgage insurance premium. This program can still help many homeowners refinancing their mortgage:

FHA Rate and Term Refinance:
FHA...

Are Wisconsin FHA Mortgages only for First Time Home Buyers?

This question has been asked of me several times this past month, so I thought I would write this to clarify for everyone.

First, lets start with the definition of a first time home buyer. Put simply, if you haven't owned a home in the past three years, you would be considered a Wisconsin first time home buyer.

Secondly and the answer to the question, FHA loans are considered...