If you’re asking yourself if you should apply for an FHA streamline refinance now or wait a bit, don’t worry, you’re not alone. Homeowners who are fortunate enough to have an FHA loan be it from Jacksonville, Orlando,West Palm Beach or Tampa are asking themselves the very same question. If …Read More
FHA Home Loan Information
FHA TO ENCOURAGE STREAMLINE REFINANCING
Today, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price cuts to FHA’s Streamline Refinance Program that could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its …Read More
FHA Home Loan Defined
The FHA mortgage is a home loan insured by the Federal Housing Administration. The FHA does not provide money directly to borrowers; rather they insure the mortgage against default. This makes Federal Housing Administration borrowers particularly attractive to lenders. The lenders know that if the borrower fails to pay, they …Read More
10 Steps to Obtaining an FHA Loan Successfully
In order to better your chances of successfully getting your FHA loan approved here it always helps to be well informed. Florida first time home buyers will find the information below especially useful. You have to be aware of what you need do before applying as well as know the …Read More
Top Reasons to Refinance with FHA – Florida
It’s a given that money is not easy to come by nowadays as practically the whole world is still reeling from the impact and devastation left by the decline of the world economy. Investments have increasingly become trickier and good paying jobs are so much more elusive than ever before. …Read More
Top Reasons First Time Home Buyers Should Get an FHA Loan
Most people dream of the day they can afford to own a home they can legitimately call their own. The only setback is that the cost of living is never as good as the national economy. It would require some serious belt-tightening and smart expenditures to even scrape up enough …Read More
Florida FHA reverse mortgage 101
Older homeowners today have programs which allow them to benefit from the equity that they have built up in their homes over the years. One such loan program is the FHA mortgage reverse loan, also known as the Home Equity Conversion Mortgage (HECM). Just like every other reverse mortgage loan, …Read More
Roof requirement for the FHA mortgage loan
Among the most frequently asked questions that figure on most people’s minds when it comes to borrowing an FHA loan pertain to FHA appraisals and the minimum qualifying criteria for the roof of the borrower’s home. For this purpose, the appraiser is assigned with the responsibility of evaluating the home …Read More
FHA loan criteria for borrowers between jobs – Florida FHA Mortgage
As an applicant for the Florida FHA mortgage loan, it is mandatory for you to furnish information and records pertaining to your past and current employment. You would be asked to provide details such as the name of your company, the duration of your employment with them as well as …Read More
Understanding FHA interest rates Florida
Most people have several misconceptions when it comes to the FHA loan program. The popular mistake that most borrowers make is that they believe that the FHA is the regulatory body that predetermines the borrowing interest rates for FHA home loans. This common perception is not entirely untrue as the …Read More