Sentences with phrase «insured loan programs»

SUMMARY I have comprehensive knowledge of underwriting guidelines and restrictions for conventional and government - insured loan programs for both conforming and nonconforming mortgages.

It's easy to understand why many people looking for a new home are turning to FHA insured loan programs.

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

FHA Mortgage for People with Bad Credit — The Federal Housing Administration insures loan programs with no minimum credit score mandated.

FHA Loans: This government - insured loan program offers a lower down payment option versus a conventional refinance mortgage.

Because the Federal government insures the loan program, added documentation is needed, causing the process to take longer than conventional loan approval potentially....

Not exact matches

Loan limits affect all mortgage borrowers, even those who use government - insured lending programs like FHA and VA..

Borrowers can choose between an FHA - insured loan, a «regular» conforming loan, or the VA and USDA programs.

He is committed to making the process as easy as possible while insuring the borrower is comfortable with their loan program.

Loans insured by the U.S. Department of Agriculture are available as 30 - year fixed rate mortgages only, and come with their own USDA Streamline Refinance program.

To help provide mortgage loans for people with bad credit, three government agencies offer programs to insure mortgage loans.

The short answer: The Department of Housing and Urban Development (HUD), which manages this program, does not require home inspections for FHA - insured home loans.

A «conventional» home loan is one that is not insured or guaranteed by the government, which sets it apart from the FHA program.

Borrowers can choose between an FHA - insured loan, a «regular» conforming loan, or the VA and USDA programs.

Homeowners concerned about economic conditions and low home equity may benefit from refinancing their mortgages through FHA insured home loan programs.

Remember just a few short years ago when the government through Fannie - Mae and Freddie - Mac allowed lenders and actually encouraged them to give a mortgage to someone even if they did not have the FICO score, loan to value, income, or assets that should all be part of a sound mortgage underwriting program to insure the smallest mortgage default rate possible.

This premium increase applies to most mortgages insured under the FHA single - family loan program.

Perhaps a higher loan limit may be available to you or you had a private reverse mortgage and would like to switch to the Home Equity Conversion Mortgage (HECM) program, which is insured by the Federal Housing Administration (FHA).

For private loan programs, the origination fee is generally paid to the lender to cover the cost of administering and insuring the program.

The USDA both insures and underwrites loans through its Guaranteed Loan and Direct Loan programs.

In a program which went into effect Monday, HUD explains that with the exception of streamline refinance transactions, the combined amount of the FHA - insured first mortgage and any subordinate lien may not exceed the applicable FHA loan - to - value ratio AND the geographical maximum mortgage amount.

Under the Energy Efficient Mortgage program borrowers with FHA - insured loans could qualify for a larger loan (or refinancing amount) so long as the additional funds are used to make improvements to the home.

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).»

If you have a government - backed loan or a government - insured loan through departments like Fannie Mae, Freddie Mac, Veterans Affairs or the Federal Housing Administration, you may qualify for the Home Affordable Modification Program (HAMP).

The HOMEownership Program requires Homebuyer Education / Counseling for conventionally insured or uninsured loans.

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.

Not should the FHA ask Congress for $ 800 million to support the home equity conversion mortgage (HECM) program, but should the FHA be insuring loans which are increasingly risky.

All FHA - insured loans get access to the FHA Streamline Refinance program — one of the simplest ways to lower your annual mortgage rate — and homeowners with FHA financing can actually sell their homes with the loan attached.

The government simply insures the loans and establishes the guidelines for the program.

FHA Property Improvement Loan Insurance Title I: A program that makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements.

Through this program, loans were made by private lenders and insured by the U.S. Department of Education.

Loan limits affect all mortgage borrowers, even those who use government - insured lending programs like FHA and VA..

FHA insures its approved lenders against losses on its home loan programs.

FHA loans include purchase loans, home construction loans, and streamlined refinance loans insured by the Federal Housing Administration; as well as loans for «special» FHA programs such as Back to Work, which allows for recent bankruptcy, foreclosure, or short sale.

But although first time home buyers make up a large percentage of home loans insured by the FHA, other borrowers are certainly not restricted from this government program.

The program is available as part of a FHA insured home purchase or by refinancing your current mortgage loan.

For example, FHA - insured home improvement loans under the Section 184 Indian Home Loan Guarantee Program aim to help Native Americans and Alaskan natives.

Before it was discontinued, the HEAL Program insured loans made by participating lenders to eligible graduate students in schools of medicine, osteopathy, dentistry, veterinary medicine, optometry, podiatry, public health, pharmacy, chiropractic, or in programs in health administration and clinical psychology.

If you're refinancing to a reverse mortgage, FHA insures these loans through its home equity conversion mortgage program (HECM).

While the FHA (Federal Housing Administration) loan program has been in place since the 1930s and was specifically designed to help low - and moderate - income families become homeowners, FHA - insured loans have become increasingly popular since 2006 - 2007 when credit standards for conventional loans were tightened.

Funds for Downpayment and Closing Costs (Home Flex and Home Flex Plus) Our Home Flex Plus program, which is a government - insured mortgage, offers up to 3 % of the loan amount in cash funds for downpayment and closing costs.

FHA insures mortgage lenders against losses associated with its loan programs: failing to pay taxing authorities can result in liens against your home.

(8) for an educational benefit overpayment or loan made, insured or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or nonprofit institution, or for an obligation to repay funds received as an educational benefit, scholarship or stipend, unless excepting such debt from discharge under this paragraph will impose an undue hardship on the debtor and the debtor's dependents;

L. 96 — 56 substituted «for an educational loan made, insured, or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or a nonprofit institution of higher education» for «to a governmental unit, or a nonprofit institution of higher education, for an educational loan» in the provisions preceding subpar.

Take advantage of our government insured FHA loan programs and apply for a competitive low rate refinance today.

• As of 2007, 345,762 loans had been insured in the history of the reverse mortgage program.

Conventional loans are not insured by any government program, and they are the most common type of mortgage.

You may be eligible for a loan insured through the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs or similar programs operated by cities or states.

You may not be a sure thing (for credit or loan life insurance): Personal loan and line of credit insurance programs offer life protection for the insured balance of your loan or credit line.

According to the National Reverse Mortgage Lenders Association there have been some 544,876 FHA - insured reverse mortgage loans since the program began in fiscal 1990.