The USDA Rural Development recently announced a new streamline refinance for home owners that have currently have USDA loans here in Florida. New refinance USDA Rural Home loan will be great for Homeowners that could not refi in the past due to negative or lack of equity. This new USDA refinance …Read More
Other Florida Home Loans
FHA Loan Guidelines 2014
The Federal Housing Administration has backed mortgage loans since the 1930s, offering lenders mortgage insurance in exchange for their writing loans that usually have lower interest rates than more conventional loans. For those Florida home buyers interested in getting a FHA loan, there are guidelines that must be met to …Read More
Jacksonville Duval FHA Loan Lender, Application
FHA mortgages are a great choice for Jacksonville home buyers, especially first time home purchasers with limited savings. In this article we’ll discuss quickly just what Federal Housing Administration (Fha) loans accomplishes and also the wonderful benefits of the FHA program. Initially it needs to be noted that FHA doesn’t …Read More
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 2014 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
Tampa FHA Home Loan
Florida FHA loans are a great choice for many first time home buyers in Florida. The primary reason for this FHA requires limited down payment – only 3.5% down is required. The FHA mortgage program provides several benefits to Tampa home buyers, keeping in mind the budget difficulties of many homeowners …Read More
FHA By the Numbers – FHA Becoming the Top Mortgage Program
Low down payment home loans are becoming very limited for Florida homebuyers today. One bright light in these desperate times is coming from the Federal Housing Administration. Starting out from the ashes of the Great Depression in the 1930’s, its primary function was to provide insurance for lenders. Private mortgage …Read More
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
HARP Mortgage Refinance Changes – Florida
An unused Florida mortgage refinance program designed to help Americans whose home values have dropped is due for a major overhaul by federal regulators. The program was set in place to help those who are unable to refinance which is adding to the stagnant housing market. Unfortunately, very few people know about …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
FHA Home Loan Application Pre Approval Process
Many of our Florida home buyers have questions regarding the process of actually applying for a Florida FHA mortgage. Below we will outline the steps and what buyers can expect during the FHA application process. The first step involves a general conversation with your FHA loan specialist to discuss your …Read More