Refinance and Save Money Now! FHA Mortgage Rates dropped below conforming rates in 2008, but with the economy and inflation concerns, interest rates will likely increase soon. Refinance today and get a fixed rate guarantee for thirty years.
Make Home Improvements
Renovate, rebuild or remodel your new or existing home. People buying foreclosed homes can get funds for construction quickly with our special FHA home loans. Home Rehab Loans with FHA
Government Bails Out Wall Street - On October 3, 2008, President Bush signed the bail out plan that enables the administration to buy up the bad debts of failing banks.
FHA Home Loan Services is a low rate FHA approved lender specializing in FHA mortgage programs like purchase loans for first time homebuyers and unique FHA refinance loans like, Streamline, 203b cash out, Hope for Homeowners, FHA Secure, 203k Rehabilitation and CHAFA. In many cases, FHA requirements are more flexible than conventional mortgages for credit and home equity criteria. With the mortgage industry in a weakened state as banks continue to fall, the passage of new legislation continues to help struggling homeowners avoid foreclosure and modernize FHA guidelines to help first time buyers and current homeowners looking to refinance their subprime adjustable rate mortgages.
At FHA Home Loan Services, we believe you should be able to purchase or refinance a home cost effectively with confidence. We offer sound FHA financing advice with no hassle FHA mortgage rate quotes and our trained loan officers will help you pre-qualify for the best home loan available online.
After years of no movement, HUD finally raised the FHA loan limits ranging from $271,000 to $729,000 depending on cost of living in the counties and states. According to a recent report from the House of Urban Development, an estimated 240,000 homeowners who were suffering with rising adjustable rate mortgages were able to avoid foreclosure and refinance into an affordable fixed payment courteous of the new Hope for Homeowners and FHASecure plan.
FHA Home Loan Services provides down payment assistance loans for first time homebuyers for reduced closing cost that increase the savings for new homeowners. Our company’s focus was FHA when the company was founded and ten years later our goal remains providing the best FHA mortgage loans with superior service to borrowers in every state online. Whether you need a 1st time home buyer loan, a streamline, foreclosure prevention loans or a cash out refinance to consolidate your credit card debt, FHA home Loan Services is the right company.
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With the credit crunch taking its toll getting cash out of your home has never been more difficult until FHA introduced the 95% refinance option that enables borrowers to pay off debt and get cash out with virtually no equity left. Consolidate bills or use the cash for a vacation or for investment purposes. Traditional mortgages are not giving cash out above 80% LTV, so only needing 5% equity to get cash is a rare opportunity these days.
The FHA mortgage guidelines have been reenergized with expanded guidelines for home refinancing and foreclosure prevention loans only offered by FHA.
In a recent survey, 10 out of 10 loan officers recommended their clients with little money to put down on a home use FHA for financing.
With FHA you get a fixed rate mortgage with a fixed monthly payment that they can afford.
These government insured loans only require 3% down and there is never a penalty for refinancing if the interest rates improve.
The economic stimulus package opened up the door for 2009 and 2010 FHA loan originations because the increased loan amounts were made permanent.
FHA streamline refinancing is great for dropping interest rates with a reduced cost with little or no out-of-pocket costs. The streamline allows current FHA borrowers the opportunity to refinance if interest rates drop. There is no option for getting money with a streamline loan. It’s simply a rate and term dream mortgage that guarantees the lowest interest rate that the market yields.
More and more 1st time home buyers are reevaluating their finance options, because 3% down for new purchase loans is the best non VA home- buyers will find.
