What is an FHA Loan? You've heard the name before, but did you know that a FHA home loan through FHA loan financing is one of the most popular ways to become a homeowner or refinance an existing mortgage. FHASecure Refinance President George W. Bush announced that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective August 31, 2007.
Disaster Area Victims - 203(h) Loan Under this program, individuals or families whose residences were destroyed or damaged to such an extent that reconstruction or replacement is necessary are eligible for 100 percent financing FHA vs. Conventional Financing Although there are similarities between FHA mortgage financing and Conventional mortgage loans there are also some big differences. While interest rates are similar, credit guidelines are different. FHA allows for borrowers with less than perfect credit to still receive a favorable interest rate. The FHA Streamline Refinance If you currently have an FHA mortgage you are eligible for one of the simplest money saving refinances available today. The FHA "Streamline Refinance". allows existing FHA home loan borrowers to reduce their interest rate without having to jump through hoops http://www.hud.gov/buying/loans.cfm Today's technology is providing a more productive environment to work in. For example, through this Web Site you can submit a complete online secure loan application, pre-qualify for a home loan or you can request an update on your loan in process and much more! These tools have allowed me to provide a higher level of service to my clients who utilize the Internet in their daily lives. By applying online, your application is received immediately! I will be notified by email and be prompted to return to our secure server to retrieve your application. This will enable me to start processing your loan today! Thanks again for your visit today! |