fha

Phoenix, Arizona Homes are Easier to Obtain with FHA Loans

The Federal Housing Administration is an important part of the U.S. Department of Housing and Urban Development. They help people all over the country, including those looking to buy a home in Phoenix, Arizona, get affordable mortgages. With an FHA loan, you can qualify to buy a new home even if you have less than [...]

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Education and Information on FHA Loans

FHA loans were originally created for the first time home buyer as an assistance program. FHA (Federal Housing Administration) began “backing up” or insuring certain loans for mortgage companies, savings and loans institutions, banks and other lenders to convince them to lend to first time buyers. The program worked so well, that it is now [...]

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Typical Lender Required Repairs for FHA Loans

If you are interested in using the FHA 203K Loan program to fund repairs on your home or a home you are interested in purchasing, you should know that there are some repairs that you will be required to make. The lender and the FHA want to know that their investment will be protected, and [...]

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Why Choose an FHA Loan

The Federal Housing Authority (FHA) insures loans against default, protecting both lenders and borrowers. It neither makes loans directly nor sets the interest rates on loans it insures. FHA insured loans can be used to purchase new or refinance existing 1-4 family homes, condominiums, or mobile or manufactured homes on a permanent foundation. Many excellent [...]

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Which Type Of Insured Loans Does The FHA Offer Arizona Residents

What kinds of insured loans does FHA offer? Fixed-rate loans – Most FHA-insured loans are fixed-rate mortgages (loans). The advantage of a fixed-rate mortgage is that your interest rate stays the same during the loan period, so you know exactly how much your monthly payment will be. Adjustable rate loans – Most first time homebuyers [...]

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What Is An FHA Streamline Refinance

Studying mortgage refinancing is not really your ordinary person’s cup of tea. Most of us would rather just go for the best solution provided without having to understand the intricacies of the solution itself. This way, we can just go on and start the process of preparing our new mortgage and closing the old one. [...]

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Phoenix Arizona FHA Hope for Homeowners Refinance Program

This has been written to inform homeowners about new programs that can help save their home in these tough economic times. The Housing and Economic Recovery Act of 2008 authorizes a new FHA mortgage refinance program called HOPE for Homeowners program effective from October 1, 2008 through September 30, 2011. The Federal Housing Administration Hope [...]

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FHA 203K Loans for Dummies

In an attempt to encourage the revitalization of run down neighborhoods, the Federal Housing Administration began offering a loan program called the FHA 203K Loan program. Under this program, homebuyers can rehabilitate a property using a federally backed loan. What Is an FHA 203K Loan? An FHA 203K Loan is a loan that is insured [...]

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New FHA Loan Program Available

There is a new program by the Federal Housing Administration (FHA) that will insure $300 billion worth of payments of mortgage loans starting October 2008 up to September 2011. This is called the hope for homeowners program, which has already been signed into law. The name is apt to give aid to the financially-ailing homeowners [...]

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