First Time Home Buyer in Virginia Question...
A two Year work history is needed. Hopefully your job is in the same line of work which helps tremendously. There are many other factors that influence your ability to be approved for a loan. If you would like, you may contact me at 800-339-1944 and with a short interview (15-20 minutes), we can obtson your...

Should I streamline my FHA, go to a 15 year conventional, refi at a 30, or just increase principal payments
An ARM is an excellent idea. An FHA streamline will cost too much. Since your property is in Virginia, a no cost refinance with an ARM will not be done without incuring costs beyond what the lender can pay.A better choice would be a fifteen year conventional loan could make sense. You could do a no cost...

FHA loan and mortgage insurance
Merla,Are you going to be the occupying borrower? You could do a conventional loan up to $417,000 and definitely avoid the upfront mortgage insurance premium as well as the monthly mortgage insurance. Fha requies mortgage insurance no matter what the down payment is.Feel free to call me regarding...