What is an FHA Streamline? The FHA Streamline is a refinance home mortgage loan that is available to homeowners with existing FHA mortgages. The streamline program does what it signifies; it streamlines or simplifies the loan process by waiving documentation such as credit score […]
FHA Streamline: No Verification of Income, Credit, or Appraisal Read More »
The answer is YES. Due to recent policy changes at the Federal Housing Administration (FHA), lenders are likely to begin approving more loans. Many loans declined in the past because of more stringent guidelines could now get loan approval. The organization’s mandate is to
FHA is a government agency and the largest insurer of low down payment home mortgage loans. There are four additional government agencies which insure low to no down payment mortgages. – The VA, or also referred to as The Department of Veterans Affairs –
Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a minimal 3.5 percent down payment and you can have less-than-perfect credit. However, many people are not aware that FHA will allow a down payment
The number of FHA mortgage loans is close to one-quarter of all loans originated and closed today. There are a few reasons why that’s the case. First, major mortgage lenders are just beginning to approve FHA mortgage applications for borrowers whose credit scores are at least