The document describes several FHA loan programs that can help people with various housing needs including buying a first home, fixer-uppers, homes for those over 62, energy efficient homes, and manufactured or mobile homes. The programs offer low down payments, low closing costs, and flexible credit requirements. Specific programs mentioned include loans that allow buyers to include repair costs, reverse mortgages for homeowners over 62, and energy efficient mortgages.
A reverse mortgage is a government-insured loan that works by trading your equity for cash payments. The program is named a reverse mortgage because you won’t be paying mortgage payments to the lender, and the lender will be paying mortgage payments to you.
PACE style energy retrofit liens may be a great way for homeowners to add solar or other energy items to their home AS LONG AS they know what they're getting. Difficulty selling or refinancing their home may be just some of the unanticipated consequences of a HERO Program.
Important facts about fha loans by jim stepanianJimmy Stepanian
An FHA loan is a mortgage coverd by the (FHA) Federal Housing Administration. Borrowers with Federal Housing
Administration loans pay for mortgage insurance, which save the lender from a loss if the borrower revert on the loan.
A reverse mortgage is a government-insured loan that works by trading your equity for cash payments. The program is named a reverse mortgage because you won’t be paying mortgage payments to the lender, and the lender will be paying mortgage payments to you.
PACE style energy retrofit liens may be a great way for homeowners to add solar or other energy items to their home AS LONG AS they know what they're getting. Difficulty selling or refinancing their home may be just some of the unanticipated consequences of a HERO Program.
Important facts about fha loans by jim stepanianJimmy Stepanian
An FHA loan is a mortgage coverd by the (FHA) Federal Housing Administration. Borrowers with Federal Housing
Administration loans pay for mortgage insurance, which save the lender from a loss if the borrower revert on the loan.
Homeowners considering an energy retrofit whether it's a solar system, dual pane windows, cool-roof or other technology should get all the facts before jumping into a HERO Program.
HomeReady™ Mortgage
Help meet the diverse needs of today’s buyers with HomeReady, Fannie Mae’s enhanced affordable lending product.
Overview
Designed for creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes
in designated low-income, minority, and disaster-impacted communities.
HomeReady lets you lend with confidence while expanding access to credit and supporting sustainable
homeownership.
• Simplicity and certainty for lenders
• Improved pricing and execution
• Product features designed to align with today’s buyer demographics and support sustainable
homeownership
FHA loans provide several advantages for first-time homebuyers as well as a unique set of qualifications for the purchaser and the property.
Get all the facts about FHA Loans for First-Time Homebuyers in this Slideshare.
7 Things You Must Know About 203K Requirement And GuidelinesKendall Matthews
Listen to radio interview http://www.InvestmentRealEstateCorner.com/
Read this 13 page document and you will learn straight from the horses mouth... what does Bill O' Reilly say on his Fox television show "This is the No Spin Zone".... read here the exact 203K guidelines.
Exciting New Lender Developments for Communities and Home Salessecoshare
Successful filing of vacant lots in communities/ LLCs involves attractive financing to acquire homes coupled with either seller financing (eg – lease option) or conventional loans for the home buyers. This session will cover two of those necessary components: a very attractive program involving conventional financing of the home buyers, eliminating the need for seller-financing.
Moderator: David Provita
Presenter: Larry Mathews, President of American Commerce Bank and Jerry Bretton, Mountainside Financial
Homeowners considering an energy retrofit whether it's a solar system, dual pane windows, cool-roof or other technology should get all the facts before jumping into a HERO Program.
HomeReady™ Mortgage
Help meet the diverse needs of today’s buyers with HomeReady, Fannie Mae’s enhanced affordable lending product.
Overview
Designed for creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes
in designated low-income, minority, and disaster-impacted communities.
HomeReady lets you lend with confidence while expanding access to credit and supporting sustainable
homeownership.
• Simplicity and certainty for lenders
• Improved pricing and execution
• Product features designed to align with today’s buyer demographics and support sustainable
homeownership
FHA loans provide several advantages for first-time homebuyers as well as a unique set of qualifications for the purchaser and the property.
Get all the facts about FHA Loans for First-Time Homebuyers in this Slideshare.
7 Things You Must Know About 203K Requirement And GuidelinesKendall Matthews
Listen to radio interview http://www.InvestmentRealEstateCorner.com/
Read this 13 page document and you will learn straight from the horses mouth... what does Bill O' Reilly say on his Fox television show "This is the No Spin Zone".... read here the exact 203K guidelines.
Exciting New Lender Developments for Communities and Home Salessecoshare
Successful filing of vacant lots in communities/ LLCs involves attractive financing to acquire homes coupled with either seller financing (eg – lease option) or conventional loans for the home buyers. This session will cover two of those necessary components: a very attractive program involving conventional financing of the home buyers, eliminating the need for seller-financing.
Moderator: David Provita
Presenter: Larry Mathews, President of American Commerce Bank and Jerry Bretton, Mountainside Financial
FHA H4H PROGRAM, GOVT INSURED LOANS FOR PEOPLE WITH PAST CREDIT PROBLEMS, LOW DOWN PAYMENTS. CREDIT SCORES OVER 580 CAN APPLY!
1. FHA H4H PROGRAM, GOVT INSURED LOANS FOR
PEOPLE WITH PAST CREDIT PROBLEMS, LOW DOWN
PAYMENTS. CREDIT SCORES OVER 580 CAN APPLY!
http://refinanceunderwatermortgagehelp.com is the only program that can help homeowners
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There is ONLY one program that will help these people and that is the Refinance
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FHA loans have been helping people become homeowners since 1934. How do we do it? The
Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender
can offer you a better deal.
Low down payments
Low closing costs
Easy credit qualifying. Credit scores not used.Â
What does FHA have for you?
BUYING YOUR FIRST HOME
FHA might be just what you need. Your down payment can be as low as 3% of the purchase
price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit
properties. If you qualify for an FHA loan using their simple criteria, you can qualify for a down
payment subsidy from the Nehemiah Corporation, the largest down payment assistence
company in the country.
WANT A FIXER UPPER?
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or,
if you own a home that you want to re-model or repair, you can refinance what you owe and add
the cost of repairs – all in one loan.
HELP FOR THOSE OVER 62 YEARS OLD
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan
balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage
might be right for you. It lets you convert a portion of your equity into cash.
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2. Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about Manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products
– one for those who own the land that the home is on and another for mobile homes that are –
or will be – located in mobile home parks.
Continue Reading
Source: Squidoohttp://www.refinanceunderwatermortgagehelp.com
is the only program that can help
homeowners with an underwater mortgage build Equity into their property. Check it out today.
Refinance Underwater Mortgage Help http://refinanceunderwatermortgagehelp.com
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