 |
 |
The Bush Administration recently unveiled additional mortgage assistance for homeowners at risk of foreclosure. The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD's Federal Housing Administration (FHA).
Call 1 (800) 225 5342 for more information. |
|
 |
On Novemeber 7th The new FHA limits for 2009 were announced!
Read More |
|
 |
Homesales.gov has homes for sale from HUD and other federal agencies in one place. You can find more homes by visiting our homes for sale page. |
|
|
|
|
 
|
 |
PRESIDENT'S ECONOMIC RECOVERY PACKAGE TO MAKE MORE FAMILIES ELIGIBLE FOR FHA-INSURED MORTGAGES
FHA implements temporary higher loan limits to help families keep their homes
HUD will increase FHA loan limits up to $729,750 in high-cost metropolitan areas such as New York, Los Angeles, San Francisco and Washington, D.C. There are 73 counties in the U.S. that will now be eligible for the highest loan limit of $729,750. Previously, FHA's loan limits in these high-cost areas were capped at $625,500. The change in loan limits is applicable to all FHA-insured mortgage loans originated until December 31, 2009.
Increasing loan limits will help FHA continue to provide needed stability to housing markets across the country. As conventional sources of mortgage credit have contracted, FHA has been filling the void. From September to December 2008, FHA facilitated $97 billion of much-needed mortgage activity in the housing market, $35 billion of which was through FHA's refinancing products. By focusing on 30-year fixed rate mortgages, FHA helps homeowners avoid and escape the risks associated exotic subprime mortgage products, which have resulted in rising default and foreclosure rates.
WASHINGTON - More American families will be eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic stimulus package signed into law by President Obama last week. The American Recovery and Reinvestment Act of 2009 will allow HUD's Federal Housing Administration to temporarily increase its maximum loan limit, allowing FHA to insure larger mortgages at a more affordable price in high-cost areas of the country.
"This is one of many elements of the President's recovery plan that will help homeowners and homebuyers in these high cost areas secure lower cost mortgage financing," said HUD Secretary Shaun Donovan. "These loan limit increases will help FHA continue to provide safe, affordable mortgage products to families in all areas of the nation. Today's announcement is just one example of how the President's recovery and homeowner affordability plans work together to make homeownership more affordable for those looking to buy a house or refinance their current loans."
 Continue reading about new FHA limits |
 |
| |
 |
|
 The loan process with ApplyFHA is easier than ever before. Our four step process will guide you to a smooth and simple transaction
Read More
|
 |
Applying for a loan through Apply FHA and Win Financial is easier than ever before. We have combined the speed and technology of the Internet with the personal one on one approach that our clients have come to expect.
Apply Now! |
 |
|
|
|
| Check comparables in your neighborhood to get a value on your home. read more |
|
|
Already having an FHA loan qualifies you for one of the easiest money saving refinances available
read more |
|
|
FHA is a very popular route for most first time homebuyers to take. It is not a program reserved only for first time home buyers, you can also buy your third or fourth home with an FHA loan
read more |
|
|
|
|
|
|
