Skip to main content
  1. News
  2. Business & Finance
  3. Industry

California FHA Loans: FHA Loans Fueling CA Housing Market, Changes to MI

FHA loans are fueling the California housing market, accounting for nearly 1/3 of  new mortgages used to finance a home purchase in CA.

FHA mortgage rates remain the same as conforming mortgage rates; however, there's some differences in closing costs and by differences I mean additional fees.

APR on FHA loans is significantly higher than that of a conventional mortgage because of MI and other fees charged by the Federal Housing Administration. MI, which is charged as a percentage of the loan amount just like origination and discount points, will be boosted to 2.25 on April 5th. So it's about to get more expensive to purchase a home with an FHA loan.

CA mortgage professionals may want to consider moving to FHA mortgage leads, that's where the market is headed, especially when refinance wanes. Also CA mortgage pros might want to consider a mortgage net branch alternative with FHA capabilities.




  • Israel, Hamas clash in Gaza
    At least 550 Palestinians have been killed in Gaza in the third week of the war
  • Pro-Russia guards
    President Obama criticizes pro-Russian rebels for blocking off the MH17 crash site
    World News
  • National Guard at Texas border
    Texas Gov. Rick Perry sending National Guard troops to the US-Mexico border
    US News
  • Unlikely Putin defender
    The unlikeliest US politician comes to the defense of Russia's president, Vladimir Putin
  • iPhone 6 coming soon
    Apple is gearing up for the iPhone 6, orders tens of millions of units
  • Gynecologist settlement
    Johns Hopkins agrees to $190M settlement for patients recorded by gynecologist
    Strange News