Sentences with phrase «federally insured loans»

Finally, unless you're planning to live in the property (and even if you're planning to live in the property), federally insured loans are rarely a good choice for flips.

ARAMs are not federally insured loans I thought?

When President Obama signed NAR - backed FHA condo financing legislation into law this summer, much of the focus in the news was on lower owner - occupancy requirements and other changes that would make it easier for borrowers to use federally insured loans for condo purchases.

In addition, securities collateralized by mortgages — known as mortgage - backed securities — are backed by the federal government, through Fannie Mae, Freddie Mac, and, in the case of federally insured loans, Ginnie Mae.

Because student loans are normally federally insured loans, they may not be eligible for debt consolidation or debt settlement Texas programs.

FHA loans are federally insured loans that allow buyers who have weaker credit history, coupled with limited funds available for down payment, to obtain a mortgage with a great interest rate and low monthly payments.

This provision is broader than current law which is limited to federally insured loans.

FHA loans are federally insured loans, so mortgage companies are more inclinded to lend to home buyers who have weaker credit history, and small down payments.

Instead of handing out cash, The U.S. Department of Veterans Affairs offered these veterans federally insured loans...

This means it's only possible for borrowers who have outstanding federal loans or are part of a federally insured loan program.

It's a federally insured loan that, depending on your age, makes it easy to turn a percentage of your home's value into tax - free cash that you can use however you want.

The FHA loan is a federally insured loan which offers easier credit and LTV guidelines.

Vicki Busby («Buyer») purchased home using a federally insured loan.

Rayford, 92, took advantage of a federally insured loan called a reverse mortgage that allows cash - strapped seniors to borrow against the equity in their houses that has built up over decades.

Virginia Rayford took advantage of a federally insured loan called a reverse mortgage that allows cash - strapped seniors to borrow against the equity in their houses that has built up over decades.

Not exact matches

Hala says it was for about $ 100,000 of medical debt (student loan debt can't be bought because it is federally insured).

All loans are made by Cross River Bank, a federally - insured New Jersey chartered commercial bank, member FDIC.

A part of the Department of Housing and Urban Development, Ginnie Mae guarantees the timely payment of mortgage bonds that include federally insured or guaranteed loans, such as FHA mortgages.

A Home Equity Conversion Mortgage, also known as the HECM reverse mortgage, is a loan that functions as a federally - insured cash advance on a borrower's home equity, and, while there are other maturity events as well, it is repaid when the last borrower or eligible non-borrowing spouse leaves the home.

Luckily, a federally - insured loan product has proven to be a helpful financial tool, offering thousands of retirees across the nation financial security.

Although the SLM Corporation (as it's formally known) was fully privatized by 2004, it «s still one of the top sources of federally insured student loans in this country.

• No monthly mortgage payments • A non-recourse loan that is federally insured • Unaffected Social Security or Medicare benefits

The federally - insured Home Equity Conversion Mortgage (HECM) reverse mortgage loan, created by the U.S. Department of Housing and Urban Development (HUD), has solidly proven its value to senior homeowners when processed by trustworthy and reputable lenders.

For those people meeting the 62 - year - old age requirement who have substantial equity in their homes, this can be a means to expand monthly cash flow or eliminate mortgage payments by paying off an existing mortgage through a federally - insured loan.

In addition to homeowners insurance it is normally a requirement to have PMI or Private Mortgage Insurance if the loan is federally insured or 20 % or more is not put down at the time of purchase.

Created by the U.S. Department of Housing and Urban Development (HUD), this federally insured private loan is essentially the opposite, or «reverse» of a conventional mortgage where you would submit monthly payments.

Although these new requirements are more extensive than past requirements, they will ultimately serve to protect countless reverse mortgage borrowers from default as well as further contribute to making the federally - insured HECM one of the nation's safest loan products in the market to date.

The Federal student loan repayment program permits agencies to repay Federally insured student loans as a recruitment or retention incentive for candidates or current employees of the agency.

An FHA - insured reverse mortgage is a non-recourse loan and is federally insured.

Federal Housing Administration loans are federally insured home loans.

If you have ever wondered about alternatives to reverse mortgage loans that are government - backed, you will be happy to discover that not all these loan types are federally insured.

It will be easier to qualify because your loan is federally insured — especially if you have a mediocre credit history.

Reverse mortgages are not a rip - off at all; they are a federally insured loan1 that allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as they continue to meet the loan obligations.2

Refinancing Standards with FHA: If you don't already have a government insured loan and want to refinance into a federally backed loan by FHA, you only need 3.5 % equity.

If a surety account is established, the account shall be established and maintained at a federally insured bank or savings and loan association located in this state and notification of the depository, the trustee, and the account number shall be filed with the Secretary of State.

With a federally - backed loan for manufactured home, the government insures the loan that is made to you by a private mortgage lender.

For instance, if you are employed at a federal agency for at least three years, you may be eligible to receive up to $ 10,000 per year on your federally - insured student loan — up to a total of $ 60,000.

The agency is allowed to pay up to $ 10,000 per year for federally - insured loans, but the total assistance can not exceed $ 60,000 per employee.

Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services the credit services organization has agreed to perform for the buyer, unless the credit services organization has obtained a bond in accordance with section 538A.4 or established and maintained a surety account at a federally insured bank or savings and loan association located in this state in the amount required by section 538A.4, subsection 5.

In this case, HUD would guarantee the Lender's loss on the loan because the Reverse Mortgage is a Federally Insured Program.

Today, there are about 6,000 federally - insured credit unions with $ 1.2 trillion in assets and $ 800 billion in net loans.

A federally - insured reverse mortgage comes with the benefit that you, the borrower, will receive loan payments as agreed upon by the terms of your loan, and will never owe more than your home is worth.

Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student lLoan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loanloan.

The entire Mortgage Insurance Fund, which affects all borrowers who rely on federally - insured loans, was at risk and HUD responded.

(1) Charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit service organization has agreed to perform for the buyer, unless the credit service organization has obtained a surety bond of $ 10,000 issued by a surety company admitted to do business in this state and has established a trust account at a federally insured bank or savings and loan association located in this state; however, where a credit service organization has obtained a surety bond and established a trust account as provided herein, the credit service organization may charge or receive money or other valuable consideration prior to full and complete performance of the services it has agreed to perform for the buyer but shall deposit all money or other valuable consideration received in its trust account until the full and complete performance of the services it has agreed to perform for the buyer;

-- Single - purpose reverse mortgages — Federally - insured reverse mortgages (HECM loans)-- Proprietary reverse mortgages

Note to CA consumers: Loans will be arranged or made pursuant to Department of Business Oversight California Finance Lenders License or supervised federally insured financial institutions.

HECM loans are federally insured by the FHA, or the Federal Housing Administration.

The federally - insured reverse mortgage, known as a Home Equity Conversion Mortgage (HECM), includes a loan called the HECM for Purchase.

• Disclosure: Borrowers who borrow under the federally insured FHA HECM program are required to receive a disclosure about the Total Annual Loan Cost, known as TALC.