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All FHA Loan Articles | Back to Previous Page
FHA Mortgage Insurance |
FHA Streamline Refinance |
Down Payment Gifts |
Bankruptcy and Foreclosure |
Refunds Ready on FHA Loans |
Single Family Home Program |
Single Family Rehab Program |
Title I: Property Improvement Loan Insurance |
Energy Efficient Mortgages |
HUD Reverse Mortgage Program |
FHA Loan Articles
- FHA Mortgage Insurance
FHA requires a mortgage insurance premium (MIP) for its homebuying programs. An up-front premium of 1.50% of the loan amount is paid at closing and can be financed into the mortgage amount.
- FHA Streamline Refinance
FHA has permitted streamline refinances on insured mortgages since the early 1980's. The streamline refers only to the amount of documentation and underwriting that needs to be performed by the mortgage company, and does not mean that there are no costs involved in the transaction.
- Down Payment Gifts
The down payment can be 100% gift funds. This is one of the key benefits to the FHA program.
- Bankruptcy and Foreclosure
A credit report will be obtained on the borrower and any lates, collections, judgments, foreclosures, bankruptcies, etc. must have a justifiable explanation in writing by the borrower.
- Refunds Ready on FHA Loans
If you have ever paid off a home loan backed by FHA, you may have money owed to you. And the government wants to pay you back.
- Single Family Home Program
FHA's mortgage insurance programs help low- and moderate-income families become homeowners by lowering some of the costs of their mortgage loans.
- Single Family Rehab Program
Section 203(k) insurance enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage?or to finance the rehabilitation of their existing home.
- Title I: Property Improvement Loan Insurance
The Federal Housing Administration (FHA) 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.
- Energy Efficient Mortgages
Provides mortgage insurance for a person to purchase or refinance a principal residence and incorporate the cost of energy efficient improvements into the mortgage.
- HUD Reverse Mortgage Program
Homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining are eligible to participate in HUD's reverse mortgage program.
All FHA Loan Articles | Back to Previous Page
FHA Mortgage Insurance |
FHA Streamline Refinance |
Down Payment Gifts |
Bankruptcy and Foreclosure |
Refunds Ready on FHA Loans |
Single Family Home Program |
Single Family Rehab Program |
Title I: Property Improvement Loan Insurance |
Energy Efficient Mortgages |
HUD Reverse Mortgage Program |
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Learn More About FHA Loans, Qualification, Questions and Answers!
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