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THE FHA REFI CENTER
Loan Limits Raised:
On March 6, 2008 the "FHA Forward" program was initiated to help American families get and keep FHA mortgage loans. This is the part of the stimulus package that president Bush put in place to raise the loan limits for FHA.
#1 FHA FAQ: How do I get a loan from the FHA?
A: FHA does not make loans. Rather, it insures loans made by private lenders.
Section 251 insures home purchase or refinancing loans with interest rates that may increase or decrease over time, which enables consumers to purchase or refinance their home at a lower initial interest rate.
FHA's mortgage insurance
programs help low- and
moderate-income families
become homeowners by
lowering some of the costs
of their mortgage loans. FHA
mortgage insurance also
encourages lenders to
make loans to
otherwise credit
-worthy borrowers
and projects that
might not be able
to meet conventional
underwriting
requirements, protecting
the FHA mortgage lender against loan default on mortgages for properties that meet certain minimum requirements -- including manufactured homes, single and multifamily properties, and some health-related facilities. The basic FHA mortgage insurance program is Mortgage Insurance for One- to Four-Family Homes (Section 203(b)).
APPLY NOW! For an FHA Refinance or Purchase Mortgage Loan!
Simply Click Here to fill out our quick and easy 1 STEP FHA mortgage application form and you will be contacted right away!
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Becoming a Homeowner is EASY with FHA Guaranteed Loans! FHA Refi Center's Team of home mortgage experts will help you purchase the home of your dreams on terms you can't afford to pass up!
