Mortgage Options

FHA announces plan for greater credit access

FHA announces plan for greater credit access

BY STAFF REPORTS   The Federal Housing Agency is taking steps to expand access to mortgage credit for underserved borrowers. Department of Housing and Urban Development Secretary Shaun Donovan told a gathering of the National Association on Realtors May 13 that lending to potential buyers with lower credit scores has fallen dramatically in recent years, […]

With Harp Nearing Expiration, Secure One Capital is Assisting Homeowners Struggling with Harp Refinancing Approval

With Harp Nearing Expiration, Secure One Capital is Assisting Homeowners Struggling with Harp Refinancing Approval

More than 3 million homeowners are still eligible for HARP, but with complex requirements and recent expansions to HARP 2.0, many homeowners are unaware they qualify.   In the past 6 months, tumultuous changes within the housing market have left homeowners uncertain about what to do with their greatest asset—their home. Recent changes include updates […]

Realtors urge condo boards to consider getting their units certified for FHA loans

Realtors urge condo boards to consider getting their units certified for FHA loans

By Kenneth R. Harney, For young first-time buyers, people with modest down-payment cash or seniors who want to tap their equity using a reverse mortgage, it’s a growing problem: They cannot use Federal Housing Administration financing in condominiums. It’s not that these buyers and unit owners can’t personally qualify for a loan on credit and […]

US top court broaches subprime crisis in property value case

US top court broaches subprime crisis in property value case

The US Supreme Court Tuesday heard arguments born out of the subprime mortgage crisis concerning how to estimate a property’s value when its worth has plunged. Benjamin Robers borrowed a total of $451,000 he never intended to pay back in a mortgage fraud scam in the midwestern state of Wisconsin just before the housing market […]

FHA Unveils Blueprint for Improving Credit Access

FHA Unveils Blueprint for Improving Credit Access

BY: JANN SWANSON The Federal Housing Administration (FHA) says that qualified buyers are currently underserved by the housing market.  The economic crisis significantly constrained credit, making it tough for anyone with less than perfect credit to obtain a mortgage.  Perhaps as many as 13 million people with credit scores below 752, the average for Freddie Mac […]

LendingTree Monthly Mortgage Review: FHA’s Changing Guidelines May Increase Mortgage Rates

LendingTree Monthly Mortgage Review: FHA’s Changing Guidelines May Increase Mortgage Rates

Rates in Texas, Washington and New York Lowest in the Country According to the LendingTree Monthly Mortgage Review, average mortgage rates inched up in March, while more borrowers than ever took advantage of low Federal Housing Administration (FHA) loan rates. Even with the slightly higher rates experienced by the market in March, the average FHA […]

HARP 3.0 Update – Will Legislation Finally Pass In 2014?

HARP 3.0 Update – Will Legislation Finally Pass In 2014?

  A new article from LoanLove.com takes a look at the history of the HARP and gives some insight into the possible update to the program that many are hoping for. Will the Home Affordable Refinance Program (HARP) see some much needed updates this year in the form of a HARP 3.0 program? Loan Love’s […]

FHA Loan Limits 2014 – New Up-to-date Guide Available At LoanLove.com

FHA Loan Limits 2014 – New Up-to-date Guide Available At LoanLove.com

A new guide from LoanLove.com helps explain the changes to the limits for FHA loans in 2014. LoanLove.com is a borrower advice website that offers in depth and up to date information on loans in an easy to understand and entertaining format. The company, which has quickly become a trusted destination for current news and […]

USDA still offering home loans for Rural Areas

USDA still offering home loans for Rural Areas

Interested in a home loan that requires no down payment, no private mortgage insurance and offers reasonable interest rates? Then the U.S. Department of Agriculture’s Single Family Housing program (SFH) might be right for you. USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life in Rural America. The agency’s […]

FHA Loan Guide Helps Borrowers Decide if an FHA Mortgage is the Right Choice

FHA Loan Guide Helps Borrowers Decide if an FHA Mortgage is the Right Choice

A new guide from LoanLove.com takes a look at FHA loans and explains some of the pros and cons of this particular loan options. For many people in the United States an FHA loan is the ticket to home ownership. A new guide from LoanLove.com takes a look at these loans and helps borrowers to […]

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