FHA

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FHA Back to Work program

FHA “Back to Work” Program Launches, Helping those with Bad Credit
November 15, 2013

by Sr. Loan Officer Ron Bennett (NMLS 57792) The Federal Housing Administration (FHA) has made some changes to FHA financing that you should know about. These updates might mean you could buy a home again just one year after a foreclosure, bankruptcy, short sale, or other economic event. The last recession had a tough effect […]

High credit borrowers and FHA loans

High Credit Borrowers Save Money with Conventional Loans over FHA
November 8, 2013

Historically, when borrowers wanted to buy and finance a home with as little of a down payment as possible typically gravitated toward FHA home loans. This loan program is a popular choice among first time homebuyers primarily due to the feature of little down and relaxed underwriting guidelines when compared to conventional mortgage loans approved […]

FHA Loan Overview
January 1, 2013

The Federal Housing Administration (FHA) refinance loan allows those who have an FHA loan currently to refinance at a great rate, with no appraisal or income documentation. The FHA program is also great for first time home buyers and repeat buyers alike who don’t want to make a large down payment on a home. This […]

Recent Posts

Tap into Home Equity with an FHA Cash Out Refinance (Updated for 2016)
June 1, 2016

What is an FHA Cash Out Refinance? There are two primary FHA refinance loan programs; the streamline refinance and the FHA cash out refinance. The FHA streamline refinance program refinances a mortgage to a lower rate with little documentation. But it doesn’t allow for any cash to the borrower. >>Check today’s FHA cash out rates here.<< […]

Rising equity more refinance options

Rising Equity Nationwide Brings More Refinance Options
August 14, 2014

We’re all too aware of the housing debacle of the last decade. At the end of the cycle, homeowner equity in most every corner of the country was wiped out and in many areas not only did owner equity vanish but people found they owed more than their home was worth. This was in spite […]

Remove FHA mortgage insurance 3 ways

Remove FHA Mortgage Insurance: 3 Ways
July 3, 2014

“Mortgage insurance” might sound something like a policy that pays for your mortgage should the borrower become disabled, unemployed or otherwise unable to make the monthly payments any longer. But those with an FHA loan know that this is a high monthly cost, and one that FHA borrowers wish they could get rid of. Here […]