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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. |
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On Novemeber 7th The new FHA limits for 2009 were announced!
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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. |
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Helping disaster victims reestablish their quality of life
Below are the guidelines and requirements to qualify for the FHA 203(h) loan.
- 100% Financing
- Up to 6% seller concession for closing costs
- Single family residence and condos allowed
- Must provide documentation to evidence permanent residence in the affected area before the disaster. (Drivers license, voter registration card, utility bills, etc.)
- Must provide documentation regarding the destruction of residence. (Insurance report, inspection report by an independent fee inspector or government agency, letter from FEMA)
- Homeowner or renter allowed
- More flexible debt-to-income ratio calculations
- This program may be used to purchase a home anywhere in the United States
- Apply now for FHA 203(h).
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| Check comparables in your neighborhood to get a value on your home. read more |
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Already having an FHA loan qualifies you for one of the easiest money saving refinances available
read more |
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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 |
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