FHA “streamlined” loans are friendlier! They don’t require a home appraisal and it does not matter if your home is underwater (meaning the appraised value is less than the amount of money you owe on your mortgage loan). FHA streamlined loans are designed specifically for one thing; to reduce a homeowner’s monthly mortgage payment. There [...]
If you are looking to obtain a Utah Housing loan you should be aware of and understand the minimum Fico scores you need to obtain this Utah Mortgage.
The Utah Housing Corporation has been successful in helping medium to lower income clients get financing to obtain homeownership. They are totally self-supporting and each year they raise [...]
An FHA loan is a federally insured loan made by the Federal Housing Administration, which has been insuring mortgages since 1934. FHA loans are very good options for borrowers in Northern New Jersey.
Easier qualifying! Those with less-than-perfect credit are more easily approved for a loan through FHA programs because the federal government insures them.
Low closing [...]
The FHA Streamline Refinance program has been very popular in Orange County in 2009. Interest rates have been low relative to 2008 for most of the year, allowing people who bought their homes only 1 year ago or less to drop their interest rate any where from .5% to 1% or more with having to [...]
Are you thinking that you are going to get the next great deal on a home by buying a “Short Sale” and financing it through an FHA Insured Mortgage? Not a bad idea, however, be prepared for delays! Don’t expect to close within a two to three week window! “Short Sales” can be a real PITB (pain in the butt)! They can also be a great way to make an important investment in your family.
Many people are quickly becoming familiar with the FHA 203K, but not so many know about its conforming sister the Fannie Mae Homestyle. So, when is the Fannie Mae Homestyle the right loan?
The Idaho FHA 203k Streamline Vs. Regular 203k Rehabilitation Loans. Great for Bank-Owned properties, Foreclosures, Short Sales and Fixer Uppers!! There is a big difference between the 203k streamline and the regular 203k rehabilitation loans. Below I have a Frequently asked Questions and answers section that should answer many of the questions you may be [...]
