Read to learn more about low down payment mortgage options to buy a home.
Tag Archives | FHA Loan
30 and 15-year conventional mortgage rates have fallen to the lowest levels Quicken Loans has ever seen. Read on to see why you should take advantage of these rates today.
Two changes to FHA loan monthly insurance premium (MIP) could affect anyone who chooses an FHA loan to refinance or buy a home. Changes that will affect you in the place you least like – your wallet. Or your budget.
So you wanna refinance or lock in to a new mortgage rate, eh? You may not realize this right now, but mortgage rates are in unchartered territories – in a good way. You also probably didn’t know about all of the great options out there, so take a gander and see if any of these might be right for you.
In a recent move, help may be in reach for thousands of borrowers who are severely delinquent on their FHA loan when the Federal Housing Administration launched the Distressed Asset Stabilization Program. The program is pretty simple: private investors come in and purchase pools of mortgages on their way to foreclosure and take the burden of trying to bring the loan out of default.
If you currently hold an FHA loan, the FHA felt bad that you might not be able to take advantage of these incredibly low mortgage rates and made some changes to help clients like you refinance to a lower interest rate.
Finding the right fit when it comes to mortgage loan options can be a daunting task, especially if your credit history is less than perfect. Imagine a world in which you can find an easier credit qualifying process and low down payment options with a government-secured loan that allows lenders to give you a better deal. That world, dear readers, is here and now, and we in the business like to call it an FHA Loan.
Today, the Obama Administration announced steps to support FHA loan holders seeking a refinance and servicemembers and veterans who were denied a lower mortgage interest rate or unjustly foreclosed upon.
There are a couple of options that are available to help you move into a home with a low down payment or zero down payment and most importantly, a comfortable monthly payment that won’t weigh you down.
Saving enough money for a down payment may be one of the little hurdles along the way to homeowner happiness. While changes in down payment standards may be looming, find out why paying more up front may be beneficial.