Why doing FHA Loans is the way to go!!!


just me poking fun at industry news and showing mortgage brokers why doing FHA Loans is the way to go!

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    1. In this way, FHA finance lenders are encouraged to make loans to low and midpoint income borrowers who have less than perfect confidence and would not otherwise qualify for a home loan. ... Further, HUD can allocate the lender to take past due payments and go them to the end of the loan and in some occasion will really pay your past due payments for you. Options to save your home you'll never get from a conventional loan! In an uncertain world, this is another brilliant ...

    1. USDA Home loand are a good way to go if you live in a rural area and are qualified to obtain one. First, lets make clear that there are two USDA home loan programs. The first is a USDA Direct Loan which is actually originated and serviced by the USDA. ... Interest rates on USDA direct loans are dictated by your income and can be as low as 1%. The benefit of a USDA guaranteed loan is that there is no down payment required . . . similar to an FHA which requires 3% down. ...

    1. Renovation financing through the 203k program allows the costs of needed repairs and improvements to be included in the FHA federally-insured loan amount instead of having the buyer come up with cash or a separate loan to do the work. ... It provides buyers with a responsible way to purchase a fixer-upper property,? said Luis C. Munoz, who helped Meyer with the loan and is a renovation loan specialist with the Oakland branch of Mason-McDuffie Mortgage Corp. ...