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Loans News
Dec
What Is The Minimum Credit Score For An FHA Loan?
FHA loans have become more expensive and harder to get. This is because earlier this year the Federal Housing Administration revealed a financial deficit in it’s 2009 statement. The reason is that it had been paying out more to cover defaulted loans than it was taking in from mortgage-insurance premiums. The imbalance drained the agency’s reserves to 1.5% of the loans it covers — below the 2% level required by law.
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Dec
FHA Loan Down Payment 2010
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Why FHA Loan Down Payments Have Changed
FHA Loan Down Payments have just became more difficult for some cross-section of people since beginning of this year when the Federal Housing Administration (FHA) Commissioner David Stevens announced some big changes to the FHA loan program:
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Dec
FHA Loan Refinance Streamline
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FHA Loan Streamline Refinance
The FHA Loan Refinance Streamline option is considered streamlined because it allows you to reduce the interest rate on your current home loan quickly and oftentimes without an appraisal. FHA Loan Streamline Refinance also cuts down on the amount of paperwork that must be completed by your lender saving you valuable time and money.
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Dec
Discover The Terms Associated With Refinancing FHA Loans
FHA Loan terms associated with borrowing or refinancing FHA Loan are simple. If you want to refinance your home mortgage using an FHA refinancing loan, there are several things to know before you begin.
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Dec
FHA Loan Refinance – Your Options
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FHA Loan Refinance – What Are Your Options
FHA loan refinance may be an option to homeowners who wish to maximixe the equity on their property. Keep in mind that FHA loan mortgage refinancing is only available to homeowners who are currently using their home as their main residence.
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