The FHA (Federal Housing Administration) is the largest insurer of mortgages in the world, backing over 34 million properties since the 1930’s. FHA provides mortgage lenders with insurance on all loans funded in refinancing or purchasing a home. Mortgage companies are in a sense protected or insured should a buyer …Read More
Other Florida Home Loans
Understanding FHA Home Loans – Sarasota County
Sarasota & Charlotte County home buyers looking for a minimum down payment mortgage, look no further than FHA. Did you know in 2022 FHA loans still only require only 3.5% down payment? First, let’s look at the background of the Government-backed FHA loan program. it’s important to understand that FHA …Read More
FHA HUD $100 Down Program
The FHA loan program has helped millions of buyers unlock the door to homeownership over the years through minimum down payment mortgage options. With the recent housing market crash about five years ago, options for 100% home financing have pretty much evaporated. In fact today there are only a few …Read More
Denver 95% Jumbo Financing Programs Revised
Some home buyers today require higher loan amounts just not offered through FHA or Conventional mortgage programs. Additionally, many of these buyers do not have the 20% down payment required by most lenders and banks on their jumbo loans. JMS is proud to offer Colorado home buyers Jumbo financing solutions …Read More
Jumbo Loan Financing 95%
A Florida jumbo loan is a mortgage where the loan amount is over the conforming limit. Because such a large amount is being borrowed lenders often charge slightly higher interest rates for these loans. Conforming loan limits varies based on your location, and is higher in areas of the country …Read More
FHA Home Loan Q&A
Each day we receive many questions about FHA mortgages from prospective homebuyers. Below we have listed a few of the most common FHA Home Loan Q&A. Do you have a question? Contact us at Ph: 800-743-7556 or just submit the quick info request form on this page. Q: What …Read More
Cost Involved In Purchasing a Home
Many home buyers are interested in the actual cost involved in purchasing a home. In this post below we will discuss some common things, and not so common things you want to keep in mind when making a home purchase. Buyers that have questions about applying for a loan can reach out …Read More
VA IRRRL: Inside VA Streamline Refinance
If you’re eligible for the VA home loan program, you have access to perhaps the best mortgage for those who want to finance a purchase without any down payment along with restricted closing costs. Who qualifies? Veterans of the armed forces qualify as do active duty personnel with at least …Read More
How To Apply For USDA Loan
The USDA loan program is a government insured mortgage backed by the USDA / Department of Rural Housing. The United States Department of Agriculture (USDA) sets the lending standards for the program, which is followed by all USDA approved lenders, brokers, and banks across the country. Also known as the …Read More
2022 Government Loan Options
Pretty much the Government-backed mortgages like FHA, USDA and VA require the same things when getting pre-approved. Here are several key points to think about when deciding to apply for a Government home loan. We also included a short description of the most popular 2022 Government Loan Options today. Household …Read More