Many single family homeowners are looking for loans to help repair their existing dwelling. The FHA 203 loan program is a home improvement loan administered by the Federal Housing Administration for the repair and rehabilitation of a property owned by a single family. The loan program can be used in partnership with other loan resources ...
Throughout the years, the unclaimed funds have received strong, national attention. However, many people have lost their faith in the process because of the scams that have accompanied the funds search. The U.S. Government offers several searches, all of which are free and accessible to everyone. Not only can claimants search and locate their funds ...
Who wouldn’t want their home loan paid off in 15 years? Interest rates are at historic lows and mortgage underwriting guidelines are changing so now may be the time to consider a 15 year fixed rate FHA mortgage loan. There are many benefits to a 15 year fixed rate FHA mortgage loan. Should you consider ...
VA home loans have several advantages over conventional and FHA mortgage loans that Veterans, active duty personnel, Reservist/National Guard members and some surviving spouses should consider when investigating their real estate financing options. VA home loans offer 100% financing for home purchases VA home loans offer the borrower the opportunity to finance up to 100% ...
HUD Homes are Foreclosures owned by the Department of Housing and Urban Development (HUD) that were previously financed with FHA financing. While you may use any type of financing or pay cash, there are specific perks in using FHA financing when buying a HUD home as your primary residence. HUD Homes can be Single Family ...
According to HUD; “The FHA TOTAL Scorecard was developed by HUD to evaluate the credit risk of FHA loans that are submitted to an automated underwriting system. To underwrite an FHA loan electronically, a mortgagee must process the request through an automated underwriting system.” Well, this sounds all well and good but speaking from first ...
Karla News
Karla News