The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Scott Sheldon's The Mortgage FIles Blog

FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers

By Scott Sheldon / March 5, 2023

For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 basis points. This is a step in the right direction to help drive home ownership. Here is what this means for your bottom line… Presently…

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Why an FHA loan may be a suitable choice

By Scott Sheldon / April 28, 2017

 FHA loans have gotten a bad rap in the last few years. Here is the Granddaddy Truth about FHA loans, you should really consider if you are looking for mortgage options! FHA loans are another option you can take as a borrower, to help you accomplish your financial goal. The Federal Housing Administration ensures the…

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be careful getting a mortgage with a bankruptcy

FHA loan limits for 2017 rise

By Scott Sheldon / December 7, 2016

Just before Thanksgiving the Federal Housing Finance Agency released the conforming loan limits change for 2017. This change resulted in higher loan limits beginning in January for many counties across the country. The FHA has now followed suit. Here is what to know about the FHA Loan Limits changes… The Federal Housing Administration is the…

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