Mortgage Options

USDA Rural Development Single Family Housing Guaranteed Loan Program

Guaranteed Loans Offer Affordable Financing To Rural Homebuyers. The mission of USDA Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural homebuyers achieve their dream of homeownership! Rural Development partners with approved local lenders to extend 100% financing opportunities to eligible rural individuals and families for the purchase […]

The Subprime Mortgage Market Is Heating Up Again

The Subprime Mortgage Market Is Heating Up Again

  Jeff Ferzoco / Flickr   America’s sub-prime mortgage market is beginning to reheat, leading investors to warn of the possibility of a renewed financial crisis. Demand for sub-prime mortgage bonds, which are not backed by US government-controlled mortgage lenders Freddie Mac and Fannie Mae, has surged since the start of last year, as yields […]

FHA mortgage premium to rise

Kathleen Pender    Borrowers who want to get a mortgage insured by the Federal Housing Administration should act quickly to avoid changes the agency is making to shore up its faltering insurance fund. The U.S. Department of Housing and Administration announced the changes on Wednesday but didn’t announce the effective dates until Thursday. Here’s the timing: FHA […]

USDA

USDA Loans As you evaluate potential mortgage loan programs, you may find that a Rural Development Guaranteed Housing Loan—more commonly known as a USDA loan—is an ideal choice. These loans are insured by the U.S. Department of Agriculture (USDA). One of the major advantages is its 100% financing option. There is no minimum down payment. […]

Subprime

Subprime Lending Subprime lending is back now but with a twist. Typically, they carry an interest rate that is sometimes as high as 10 percent, about three times the current average rate of a conventional 30-year-fixed rate mortgage. They also typically require a down payment of about 10 percent. A 10 percent down payment is […]

FHA

FHA loans FHA loans have been helping people become homeowners since 1934. FHA Loans are backed by the Federal Housing Administration (Also known as FHA). FHA insures the loan so your mortgage lender can offer more risky loan products. For example: FHA loans typically have a lower down-payment and better loan rates for borrowers with […]

HARP 2 PROGRAM

Harp 2.0 Refinance Harp Refinance program continues to help upside-down homeowners throughout the nation. Loan Volume continues to increase as a more homeowners become aware of the Harp Refinance benefits. The Harp Refinance Program allows underwater borrowers to qualify for: – Unlimited Loan-to-Value Limits – No appraisal required for a Harp Refinance loan if the […]

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