Recent Announcements

Look here for current trends, interest rates, and updates and/or changes in mortgage programs or guidelines.

6-13-16: Reminder! Deadline Approaching for Student Loans & FHA Qualifying to change June 25th, 2016


4-28-16: Upfront Guarantee Fee and Annual Fee Reduction for Fiscal Year (FY) 2017


4-11-16: Home Sale Prices up over 10% from this time last year

2-19-16: Don’t wait in line at the Social Security Office! 

1-25-16:  Here are some interesting graphs showing Real Estate trends through December 31st, 2015.  Interesting 2015 statics regarding West Michigan Home Sales to pass along to you.


9-14-15: FHA is issuing a whole new Handbook 4000.1, that is going to into effect today and will replace all the current HUD handbooks. 5 Major Changes in FHA Guidelines per New HUD Handbook 4000.1


1-10-15: This new rate goes into effect officially for FHA case numbers assigned as of January 26th, 2015.  The FHA reduction in Mortgage Insurance essentially goes into effect on Monday, January 12, 2015!


5-30-14 :   Now, Priority Mortgage/Polaris Home Funding is able to refinance investment properties that currently have FHA Mortgages with the very popular   FHA Streamline Refinance. 

4-14-14: “VA Foreclosure Waiting Period” – When applying for VA financing the Veteran must be a full two years out from the date of the completion of the foreclosure. The completion of the foreclosure is measured by the date of the sheriff’s sale. This requirement has been reduced from 3 years to 2 years.

1-17-14: New Veterans Refinance Opportunities!:  We can now refinance loans for Veterans up to 100% of the appraised value.  Even better, for a Veteran to refinance their current VA mortgage into a new, lower rate VA mortgage (IRRL = Interest Rate Reduction Loan), there are no appraisal requirements, no AVM (automated valuation model) requirements, no qualifying, really, no nothing but a credit check.

1-10-14: Ability to Repay (ATR) portion of Dodd/Frank Act goes into effect.

1-3-14: Bob and Naomi got married! YAY!!

Bob Hein Mortgage p: 616.292.6703