FHA Reverse mortgage is a program designed for Seniors that will allow them to borrow against their home equity and take cash out of their homes. This mortgage is also known throughout the industry as a Home Equity Conversion Mortgage Read More …
Author: James Murphy
Housing and Urban Development (HUD) Homes for Sale
HUD (Housing and Urban Development) owned Homes are single to fourplex unit properties that have been insured by an FHA Home Loan and have been foreclosed. Once the property is in foreclosure, the FHA will repay the lender the amount Read More …
FHA Loans – FHA Loans Buy Down Programs
This FHA 2-1 Buy Down loan program allows you to pay a fee on a 30 or 15 year fixed rate mortgage to temporarily get you a lower rate. This program allows you to essentially ‘buy’ yourself a 2% lower Read More …
California Housing Down Payment Assistance (CHDAP)
California Housing Down Payment Assistance Programs, as known as CHDAP, offers first time home buyers in California down payment and closing cost assistance with little to no money down. This program is available by using a CHDAP silent second loan. Read More …
HUD Good Neighbor Next Door Programs
There is a FHA Loan Program specifically for Teachers/Police Officers who would like to acquire a home. This FHA Good Neighbor Next Door (TND) Loan Program offers single unit HUD owned properties to school teachers with the follow benefits: 50 percent Read More …
Qualifying for a FHA Refinance
The first step in considering refinancing would be to compare your current mortgage’s existing interest rate with the current market rate. When deciding to refinance or not, it is also important to not only know how much money you will Read More …
Down payment Assistance Programs for FHA Loans
DAPS, or Down payment Assistance Programs, are used to help first-time home buyers with the necessary down payment and closing costs necessary with FHA Loan Programs. There are usually two types of down payment assistance programs: 501c-3 nonprofit organization and Read More …
FHA Loan Closing Costs Explained
What is the real cost associated with getting a FHA home loan? This page explains what the FHA loan closing costs are and what each charge is for. This way, you will be able to walk into a deal knowing Read More …
Down Payment Requirements for FHA-insured Home Loans
Usually, FHA loan down payment options are very limited. Usually, the down payment requirement is 3.5% for the down payment. In many cases, the reason why people rent is that they do not have the money to pay for the Read More …
FHA Loan Ratios Explained
Understanding FHA loan ratios are an important part of getting your loan approved for a FHA home loan. There are two ratios that you need to know and understand when it comes to FHA loans. FHA Front-end Ratio The first Read More …