  
Your Guide to Financing the American Dream
What is an FHA Loan?
An FHA loan is a mortgage loan that is insured by the U.S. government. Since the government insures the mortgage loan, lenders will be more willing to give out loans with fewer requirements and stipulations. With an FHA loan, the government doesn't actually give you the mortgage loan, the lender does. Any money used to pay for the home will come from the lender, not the U.S. governement - the government simply insures the loan so that lenders feel safer about lending to certain people. With governemnt insurance, lenders will give out more loans, since they know that if a borrower can't pay the loan, the governement will step in and cover it.
Why get an FHA Loan?
There are several reasons to get an FHA loan.
-
You may not qualify for conventional financing
-
No credit score requirements
-
Low down payment options
-
Lower monthly mortgage insurance vs. conventional financing
-
Down payment assistance
-
No Income limits
As you can see, FHA loans meet the needs of a wide variety borrowers.
Down Payment Assistance
Don't have money for the required 3% down payment. There are several ways you can solve this problem. One of the ways is the NEHEMIAH PROGRAM. The Nehemiah Program is one of the oldest and largest privately funded non-profit down payment assistance programs. They will contribute up to 6% of the final sales price towards the buyers down payment and/or closing costs. These funds do not have to be repaid. Call or email TODAY for more details!!
Experience homeownership "TODAY" with an FHA loan!!
Why put your dream of home ownership off any longer when the FHA can make it happen now? If you're ready to purchase a house, the FHA has home loan programs available to help cover the cost. Because these loans are insured by the FHA, lenders are able to offer you lower, more affordable rates. No matter what your unique situation may be, the FHA can help you.
From the comfort of your own home, you can find out how much house you prequalify for, apply online and begin to gather the documents you'll need to get your loan approved. It's that easy!
|
|
 |
|
 |
|
|
|
 Mortgage News Daily - Mortgage And Real Estate News
Upward Revision to U.S. Q2 GDP Due to Exports and Tax Rebates - 17 hours ago
The strong upward revision to second quarter U.S. GDP was the result of strong exports and the fiscal stimulus package, according to economists who are already looking forward to GDP results from the third quarter. Read More Now
Q2 Preliminary U.S. GDP Revised Up to 3.3% - 17 hours ago
Second-quarter U.S. GDP rose above expectations in the preliminary report, rising to 3.3% from the previously reported 1.9%, the Bureau of Economic Analysis reported on Thursday. Economists were expecting a revision to 2.7%. First-quarter growth in 2008 was 0.9%. Exports advanced by 13.2% in the revision, up from... Read More Now
Thursday's Events: U.S. Prelim GDP, Jobless Claims - 17 hours ago
In the U.S., the focus will be on preliminary Q2 GDP data and jobless claims figures, while Canadian markets receive second-quarter current account numbers. Read More Now
Bankruptcy Filings Near 1 Million Mark, Up 29% on the Year - 1 day ago
The number of U.S. residents and businesses that filed for bankruptcy rose 28.9% to 976,831 for the year ended June 30, 2008, according to U.S. court data released Wednesday.The Administrative Office of the U.S. Courts reported that non-business filings comprised 96.5% of that total... Read More Now
Mortgage Rates Drop Slightly but Loan Applications Way Down from 2007 Levels - 1 day ago
Mortgage interest rates broke through the gridlock of the last few weeks and, with the exception of one-year adjustable rates, moved lower.Mortgage activity as measured by the volume of loan applications increased by a marginal 0.5 percent on a seasonally adjusted basis from a week earlier and decreased by 0.9 percent unadjusted. Volume was down 31.2 percent compared to the same week in 2007. Read More Now |
|
|
|
