FHA Mortgage Programs

By definition, FHA (Federal Housing Administration) financing is a government insured mortgage loan that delegates loan approval to those lenders approved by them. because your loan is insured by the HUD, lenders can often offer you lower interest rates.

 

FHA mortgage loans offer many different programs to help home owners and home buyers keep the cost of homeownership affordable. You may be eligible for an FHA mortgage that can help you achieve your goals.

 

FHA Refinance Programs

• Borrow up to 97% of your home's value

• FHA Secure Program - helps those who have fallen behind in their payments due to an adjustable rate reset.

• Reduced PMI payments

• No pre-payment penalties

• Easier qualification

• Lower mortgage rates

• Stimulus Act of 2008 - Allows those in high cost areas to qualify for lower mortgage rates. Expires December 31st, 2008

• Hope for Homeowners - Reduces principle balance to 90% of current home value. Enacted October 1st, 2008. Many lenders have not put guidelines into place as of yet.

• Reverse Mortgages - Must be 62 years of age.

• FHA Streamlined Refinance - For those currently in an FHA mortgage.

FHA has a multitude of options when refinancing your mortgage. Since some programs are based on geographical location, we strongly suggest that you check with an an FHA expert to see if one of these options work for you. Call the number below to be connected.

For Details Call 800-486-0204

Call the number above to get details about the programs above and see if you qualify for any of the temporary stimulus programs now available.

 

FHA Home Purchase Programs

• Put as little as 3% down.

• Down payment can be from flexible sources such as a gift or a grant

• Have the seller pay your closing costs

• Reduced PMI payments

• No pre-payment penalties

• Easier qualification

• Lower mortgage rates

• Stimulus Act of 2008 - Allows those in high cost areas to qualify for lower mortgage rates for loans up to 729,750. Expires December 31st, 2008

All of these benefits mean less money is required at the closing table for you! Find out how you can start taking advantage of these great benefits by filling out this form.

Who offers FHA mortgage programs?

Different lenders offer different FHA mortgage programs. You may have to call many lenders to sort out the one that is right for you unless you call 800-962-7698 and speak with an FHA mortgage expert that will search over 100 national mortgage lenders to find the program that works best for you..

 

Call 1-800-486-0204

To compare FHA mortgage programs

 

 Or Compare FHA Mortgage Loans Without Making A Phone Call

 

 

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First Time Home Buyer Stimulus Programs

The federal government has passed a stimulus act earlier this year to give first time home buyers extra incentive to purchase a home by July 2009. A first time home buyer is someone that has not purchased a home in the last 3 years. This act gives homebuyers up to a 7,500 tax credit. This can be claimed on your 2008 or 2009 taxes depending on when you purchase your home. Get more details and see if you qualify by calling 800-962-7698.

 

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