Posts tagged FHA Financing
What was FHASecure Refinance?

In years gone, homeowners with adjustable rate mortgages who found it hard to make their monthly payments could count on an FHA solution to avoid foreclosure. The FHASecure refinance loan was the Federal Housing Administration’s answer to the growing foreclosure problem.

Read More
Can You Buy A Foreclosed Home with A FHA Loan?

The Federal Housing Administration, or FHA, insures mortgage loans to help home buyers who may not be eligible for a conventional home loan due to less-than-perfect credit or lack of savings for a down payment. An FHA loan can be used to buy almost any type of home including modular, manufactured, or mobile homes -- and can also serve to purchase homes facing foreclosure.

Read More
What are Assumable Mortgages?

An assumable Mortgage is a home loan that can be transferred from the seller to be taken over or “assumed” by the buyer, becoming their responsibility to pay off. Of course, this requires the approval of the lender servicing the loan, and even then, not all loans are assumable.

Read More
All About FHA Construction Loans

If you can’t find your dream home on the market, you might just want to build it yourself! But traditional construction loans can often be complex and expensive-- so what if you could turn to the trusty FHA to get a home construction loan that won’t completely empty your bank account? Well, it turns out you can.

Read More