The FHA loan program will let you purchase a home with a low down payment and flexible guidelines. FHA refinance mortgages are a great option for those who want to lower their monthly mortgage payment or consolidate their bills.
See how we make the American dream a reality. Whether you're a first time homebuyer, moving to a new home or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.
We have all the information to take care of your FHA mortgage research needs. With no income limits or credit scoring, many people who can afford the monthly mortgage payments and have reasonable credit will qualify for an FHA mortgage.
If you want to take advantage of the Obama mortgage refinancing option under the Home Affordable program, you'll be subject to an initial screening questionnaire to determine your eligibility for the Obama mortgage homeowner bailout program.
The Obama mortgage option comes with many questions, but one of the most popular is, "Will the Obama Mortgage lower my monthly payments?" While the answer depends greatly on your specific circumstances, you can decide if this homeowner relief program is for you by answering a few simple questions about your loan.
All FHA cash-out refinancing with case numbers assigned after April 1, 2009 will have the loan-to-value or LTV limited to 85% of the appraised value of the home. That eliminates the 95% LTV cash out refinancing loans guaranteed by the FHA previously.
Many people call it the Obama Mortgage. The official program called Making Home Affordable, and since early 2009, this program has offered hope for homeowners trying to avoid default and foreclosure on their home loans.
In early 2009, the Obama administration announced a program called Making Home Affordable. This program, also called the Obama Mortgage, is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments.
Do you need to refinance your existing mortgage? It could be time to explore your FHA refinance options. Are you at risk of default? Foreclosure? If you have an adjustable rate mortgage and are paying much more than anticipated per month, you should consider going into a fixed-rate FHA mortgage.
If you want to refinance your home mortgage using an FHA refinancing loan, it's important to understand a few facts at the start of the application process. FHA refinancing is different than the FHA HOPE for Homeowners refinancing program.
When you decide to apply for an FHA Refinance loan, there are several questions you'll need to answer to set the approval process in motion. Some questions are about planning issues, others are directly related to whether or not an FHA Refinance loan is for you.
Some FHA refinance loans involve a credit check-if your lender wants to re-evaluate you as a credit risk, the check will be run. This is a source of stress for many, especially those who need to refinance because they fear default or foreclosure on their existing loans. In many cases these fears aren't founded.
FHALoan is a private corporation, is not a government agency, and does not make loans.
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