  
Your Guide to Financing the American Dream
What is an FHA Loan?
An FHA loan is a mortgage loan that is insured by the U.S. government. Since the government insures the mortgage loan, lenders will be more willing to give out loans with fewer requirements and stipulations. With an FHA loan, the government doesn't actually give you the mortgage loan, the lender does. Any money used to pay for the home will come from the lender, not the U.S. governement - the government simply insures the loan so that lenders feel safer about lending to certain people. With governemnt insurance, lenders will give out more loans, since they know that if a borrower can't pay the loan, the governement will step in and cover it.
Why get an FHA Loan?
There are several reasons to get an FHA loan.
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You may not qualify for conventional financing
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No credit score requirements
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Low down payment options
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Lower monthly mortgage insurance vs. conventional financing
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Down payment assistance
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No Income limits
As you can see, FHA loans meet the needs of a wide variety borrowers.
Down Payment Assistance
Don't have money for the required 3% down payment. There are several ways you can solve this problem. One of the ways is the NEHEMIAH PROGRAM. The Nehemiah Program is one of the oldest and largest privately funded non-profit down payment assistance programs. They will contribute up to 6% of the final sales price towards the buyers down payment and/or closing costs. These funds do not have to be repaid. Call or email TODAY for more details!!
Experience homeownership "TODAY" with an FHA loan!!
Why put your dream of home ownership off any longer when the FHA can make it happen now? If you're ready to purchase a house, the FHA has home loan programs available to help cover the cost. Because these loans are insured by the FHA, lenders are able to offer you lower, more affordable rates. No matter what your unique situation may be, the FHA can help you.
From the comfort of your own home, you can find out how much house you prequalify for, apply online and begin to gather the documents you'll need to get your loan approved. It's that easy!
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 Mortgage News Daily - Mortgage And Real Estate News
American Cities See Record Annual Foreclosure Rate Increases in Q2 - 2 days ago
Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark.com.Los Angeles led the four cities with a 282.01% increase in the second quarter compared to last year's Q2. Los Angeles reported a record... Read More Now
Fed's Mishkin Says Fed Wants to Contain Inflation Expectations - 3 days ago
Speaking at a conference in Israel, Federal Reserve board Governor Frederic Mishkin said he currently sees an "upside risk" to inflation expectations and that the Fed wants to contain those expectations. "U.S. inflation has risen recently, largely because of these sharp increases in global commodity prices. However, thus far, the high costs of energy and other primary commodities have not led to much increase in core inflation, partly because... Read More Now
Central Bank Watch: Market Attention Shifts to ECB - Finally Time to Hike? - 3 days ago
After last week's highly-anticipated Federal Reserve rate decision, in which rates were expectedly left on hold, markets have shifted their attention to the upcoming European Central Bank rate decision on Thursday. Read More Now
Mortgage Rates Mark Time Waiting for Federal Action - 3 days ago
Mortgage rates continued to set record 2008 levels with long term rates moving up slightly during the week ended June 26, and short term rates increasing modestly but in double digits.Mortgage applications increased 3.6 percent on a seasonally adjusted basis and... Read More Now
Wednesday's Events: U.S. Employment Data Ahead of Nonfarm Payrolls Thursday - 3 days ago
Employment data from the United States and the Department of Energy's weekly inventories report will highlight the North American data on Wednesday as markets prepare for U.S. nonfarm payrolls on Thursday. In the afternoon, markets will also be paying attention to comments from Fed Governor Frederic Mishkin. Read More Now |
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