FHA Mortgage Insurance Program
Programs that help low and moderate income families become
homeowners by lowering some of the costs of their
mortgage
loans.
FHA Mortgage Insurance Costs
An FHA loan the borrower will be charged a mortgage
insurance premium equal to 1.50% of the purchase price of
the property and a renewal premium of .500% in subsequent
years.
FHA Escrow Refunds
If you have ever paid off a home loan backed by FHA, you
may have money owed to you.
Down Payment Gifts for FHA Loans
FHA allows 100% of the
down payment to be a gift from
friends, family or other sources.
FHA Mortgage Closing Costs
Closing costs can also be financed to reduce the up front
cost of buying a home.
FHA Streamline Refinance Loan
A program that reduces the amount of documentation and
underwriting that needs to be performed by the mortgage
company.
FHA Single Family Rehab Mortgage - Section 203(k)
A single family home rehabilitation program that enables
you to finance both the purchase or refinance of a house
and/or the cost of its rehabilitation through a single
mortgage.
FHA Single Family Mortgage Insurance for Outlying Areas
- Section 203(i)
A single family mortgage program that provides mortgage
insurance for a person to purchase a principal residence
in a rural area.
FHA Adjustable Rate Mortgage
A single family
adjustable rate mortgage that provide
mortgage insurance for a person to purchase or refinance a
principal residence at a lower initial
interest rate.
FHA Property Improvement Loan Insurance - Title I
A program that makes it easier for consumers to obtain
affordable home improvement loans by insuring loans made
by private lenders to improve properties that meet certain
requirements.
FHA Energy Efficient Mortgage
A program that provides mortgage insurance for the
purchase or refinance of a principal residence that
incorporates the cost of energy efficient improvements
into the loan.
HUD Reverse Mortgage
A program for homeowners 62 and older who have paid off
their mortgages or have only small mortgage balances
remaining. The program allows homeowners to borrow against
the
equity in their homes in a lump sum, on a monthly
basis for a fixed term or for as long as they live in the
home, or on an occasional basis as a line of credit.
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