FHA to Reduce Required Mortgage Insurance Premiums

It was announced that effective January 26, 2015 the FHA required mortgage insurance premiums will be reduced by about a half percent on all new FHA loans.  This change will open home ownership to an estimated 2 million American’s that currently cannot qualify for a home loan.  This rate change is only available on FHA loans with a case number issued on or after January 26th.  If you are currently purchasing a home through an FHA loan and are scheduled to close after January 26th, ask your lender to restart your case number and you may be eligible to take advantage of the new lower MIP rates as well.

 

FHA MIP Rates 2015

 

According to the chart above all new FHA loans, with a term longer than 15 years, will be reduced by a half (.05%) percent.  For example: a home owner with a $200,000 mortgage with a loan to value (LTV) higher than 95% is currently paying a 1.35% premium equal to approximately $2,700 annually.  With the new FHA premiums this same homeowner will pay a 0.80% rate dropping their annual premium to a mere $1,000.

 

Aaron Storck and Tatyana Sturm-Storck

Aaron Storck and Tatyana Sturm-Storck

Tatyana Sturm and The Storck Team have specialized in relocation real estate for the last 10 years in Southeast AuroraCentennial, and Parker.  We live, work, and raise our families here and our community is our true passion.  Whether you are buying your first home, upgrading to make more room, or downsizing now that the kids have grown up The Storck Team would love to give you a tour of Aurora’s top homes for sale in your price range.  Call or text (720) 350-5909 to schedule your private showing.

Denver Colorado’s Affordable Housing Efforts with the Housing Denver Project

Denver is one of the most beautiful places to live in our great nation, and also one of the most expensive cities.  It is estimated that almost 30,000 Denver residents struggle to find affordable housing and pay their rent each month.  There are a vast array of financial hardships that our neighbors, friends, and family can experience.  The City of Denver has announced a new affordable housing plan into effect which will aid in building or rehabing 3,000 affordable homes over a 5 year time span.  This really cool project, called Housing Denver, has budgeted $3 million for the plan.

Read Amid skyrocketing housing costs, new Denver plan plots out strategy for more information and links to Denver’s plan for more affordable housing development over a 5 year span.

Tatyana Sturm and The Storck Team have specialized in relocation and affordable housing alternative real estate for the last ten years around the Denver and surrounding Colorado areas.   If you are facing foreclosure, don’t accept it but fight back.  Call on The Storck Team we have specialized in short sale, foreclosure, and distressed real estate since 2005.

The Storck Team is Ready to Price Your Home Right!!

Sellers with The Storck Team get on average of $5000 more for their home, and most of our listings are under contract within 48-72 hours of being on the market.  The Storck Team specializes in the Southeast AuroraCentennial, Parker area.  The Storck Team offers our sellers professional photography, videos, and home staging.  Call on The Storck Team to get your home sold for the most money in the least time!

This gorgeous town home in Littleton was under contract with a full price offer within 24 hours of being on the market!  SOLD!!!! by The Storck Team

This beautiful home in Southeast Aurora was under contract with a full price offer within 24 hours of being on the market! PENDING SALE!!! by The Storck Team.

Gorgeous Storck Team Listing in Englewood!

This gorgeous Storck Team listing is located in Englewood at 4340 South Sherman Street.  A Firefly Properties complete rebuild, permitted through the City of Englewood.  Energy Efficient with custom design throughout, this is truly a home buyer‘s dream.  You really must come see this one in person.  Call on The Storck Team today for your private showing.  Listed at just $359,000!!

New Program for FHA Borrowers to Reduce Mortgage Insurance Premiums

This fall FHA will launch their new HAWK program which will allow both new home buyers and existing borrowers the opportunity to decrease their required monthly Mortgage Insurance Premiums.  The Storck Team has current FHA listings in Aurora, Englewood, and Centennial with many more coming soon around the Denver Metro Area.  Call on The Storck Team today for your FHA home!!

5973 S Ireland Ct

4735 South Bannock St

4735 South Bannock St

Credit Counseling to Lower FHA Borrowers’ Payments


Tatyana:
Aaron: 720-273-7419
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