Georgia FHA loans are a popular choice for many first time home buyers in Atlanta. The FHA mortgage program provides several benefits, keeping in mind the budget difficulties of many homeowners who are considering purchasing their first home. Compared to most traditional mortgage loans, the FHA mortgage loan facilitates the process for the applicant. In […]
FHA Loans
Using an FHA Loan in Orlando
When you think of Orlando, the first thing that likely comes to mind is all the theme parks located there. Of course, the flagship is Disney World which is home to the Magic Kingdom and Epcot Center. Universal Orlando hosts Universal Studios, Islands of Adventure and the popular World of Harry Potter. Located in Central […]
Which Type of FHA Loan is Best?
Did you know there was a choice? Did you know that an FHA loan is not just a single loan program but actually several? Sometimes thinking about which loan program is best for you, it can get a little complicated. Mortgage programs aren’t designed to be complicated but new programs can come about to address […]
FHA Loan Application Preparation
It always helps to be well-informed in order to increase your chances of successfully getting your FHA loan approved. Buyers should be aware of what steps should be taken before and after applying. Before Applying: Credit check It’s usually the little things that bring down your credit score. Check your income, credit, as well as […]
FHA Loan Terms: Which is Right for You?
You probably know the FHA loan program provided stability in the financial markets during the hardships of the Great Depression. By introducing loan guidelines that, if followed by banks, would carry a guarantee to the lender, banks felt more comfortable approving the loan. One of the main guidelines was the term of the loan, or […]
5 Reasons Why FHA Loans Get Turned Down
FHA loans are the most popular of the three government-backed home loan programs. The VA loan is a very attractive option for those who are eligible such as veterans and active duty personnel and the USDA loan has income limits and the property must be located in an approved area. The FHA loan does require […]
FHA Home Loan Process Explained
FHA loans are one of three government-backed loans that come with some level of guarantee to the lender issuing the loan. With the FHA program, should the loan ever go into default the lender is compensated for the loss. This guarantee comes in the form of two separate mortgage insurance policies that accompany the loan, […]
Top Things Buyers Should Know About FHA Loans
FHA remains a popular choice for home buyers in Florida, especially first time buyers. In regards to home mortgages, very careful steps have to be taken and each one considered in-depth since we are dealing with a commitment that will last for many years. Being overly anxious to acquire a home and finally getting it […]
FHA Loans Plant City, Florida
In 1934, Congress introduced the National Housing Act which established universal lending guidelines banks could follow. These new guidelines formed the Federal Housing Administration which set forth lending guidelines banks could follow. The FHA loan has since become the loan of choice for those buying in Plant City, Florida who prefer a loan program that […]
Georgia FHA HUD 100 Down Program Insight
Since the slowdown in the housing market years ago, options for 100% home financing have pretty much disappeared. In fact today only a few home loan options in Georgia remain that allow NO down payment home financing – USDA and VA. USDA loans require the property to be located in a rural defined eligible area, […]