We recently partnered with several trusted VA and FHA lenders that have experience with government lending. VA home mortgages are available for qualified veterans that can document a strong employment history. FHA Home Loan Services is our lending partner for FHA products. They have been a high volume FHA lender for many years now. Consider the 203B for cash out or debt consolidation and the FHA streamline when you already have a FHA mortgage and you just want a lower interest rate. Check for current FHA Loan Rates.
We make the consolidation of accumulated debt smooth. Lump all your credit cards, auto loans and personal debt into one low monthly payment so you can start saving money now. Even refinance into a new low payment or get money for home improvements. Consider the FHA 203k loan for home improvements.
With past credit problems a FHA refinance loan may be your best bet for a low rate mortgage.
Refinancing with government loans can open the door for borrowers with poor credit scores.
- VA Home Finance
- FHA Refinancing
- Good Alternative to Conventional Refinances
- Home Equity Loans OK with FHA & VA Mortgages
- Debt Consolidation Loans
- Home Improvement Loans
| || ||PRODUCT
HIGHLIGHT-VA/FHA STREAMLINE || || |
|| Interest rates are now at a two year low! If you currently have VA or FHA
loan and have a decent payment history on your mortgage, you can refinance to
a lower interest rate without qualifying.|| || |
VA Loan Summary:
The VA home loan is a wonderful opportunity for active military and veterans who served our country. The VA program is very flexible but the VA loan eligibility has its specific criteria. VA lending is only for home financing on primary residences.
- No Appraisal Required
- No Credit Qualifying.
- No Down-Payment
- No Income or Employment Verification Options
- Skip up to two months payments when you streamline refinance
- Reduce your mortgage payments up to $350 per month.
- No Out of Pocket Costs.
Bad Credit Lending Rose at FHA's Expense
Subprime mortgage lending moved loan programs at the expense of the Federal Housing Administration's market share as minorities and lower-income homebuyers opted for teaser rates and other subprime features that are ultimately "more costly" than FHA home loans, according to a Government Accountability Office report.
The FHA's market share of the home mortgage market rose from 6.9% in 1995 to 31.6% in 2006, while the conventional subprime market jumped from a 2.0% share to a 26.0% share. Loan amount limitations can vary significantly by state and county so check the FHA Loan Limits for 2010. Now that sub-prime loan defaults and foreclosures are rising, the FHA mortgages, could provide those borrowers with "lower-price and more sustainable mortgages," GAO says in the report to Congress. The GAO can be found online at http://www.gao.gov. In 2010 FHA continues to play a big role in promoting homeownership with several new government home financing initiatives.